Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says all funding activities, including the company's proposed AIM-listed vehicle Ultimate Sustainable Energy, were placed on hold due to delays as a result of "difficulties" at its extraordinary general meeting. Early last month, Kibo reported that five of a total of eight resolutions failed to reach the minimum threshold of 75% of the vote at an EGM. These include equity securities allotment, amendment of the Memorandum of Association and amendment of the Articles of Association. It said back then 35% of shareholders voted against these resolutions.
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