Kibo Energy Share News (KIBO)

IN BRIEF: Kibo Energy at "advanced" stage to assess potential projects

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says it it is at an "advanced" stage in its assessment of potential projects. Kibo is a cash shell and must acquire an asset in line with the reverse takeover rules of the AIM market in London. Its shares are suspended from trading on AIM from Monday as it hasn't met the six month deadline for this. The Johannesburg Stock Exchange has determined that there is no basis to suspend trading in Kibo's shares at this stage.

EXECUTIVE CHANGES: Woodbois bolsters board as tries to right ship

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced this week and not separately reported by Alliance News:

AIM WINNERS & LOSERS: Kooth wins USD1.5 million deal, plans buyback

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday.

Kibo Energy suspension on AIM lifted as interim loss shrinks

(Alliance News) - Kibo Energy PLC on Tuesday returned to the London Stock Exchange's AIM after suspension as the cash shell recorded a narrowed loss following an "extensive" restructuring.

Kibo Energy expects AIM return after releasing 2023 financial books

(Alliance News) - Kibo Energy PLC said on Monday it expects the suspension of its shares to be lifted now that it has released its financial results.

Kibo Energy secures loan after terminating reverse takeover attempt

(Alliance News) - Kibo Energy PLC on Tuesday said it has terminated its bid to acquire a portfolio of renewable energy projects across Europe and Africa from Swiss-registered ESGTI AG for EUR400 million, citing time constraints.

IN BRIEF: Kibo Energy shareholders okay acquisition of green projects

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says its shareholders have approved its proposed acquisition of renewable energy projects across Europe and Africa from Swiss-registered ESGTI AG for EUR400 million. Kibo asked its shareholders to vote on the deal at an extraordinary general meeting on Friday.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Kibo Energy sells Mast Energy stake to partially settle loan

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Sells remaining 19.5% interest in Mast Energy Developments PLC to shareholder and creditor RiverFort Global Opportunities PCC Ltd to partially settle a loan of GBP462,871. Sells 83.2 million Mast shares for GBP120,074, 0.14 pence per share, reducing the outstanding balance on the RiverFort loan to GBP342,797. RiverFort owns around a 3.3% shareholding in Kibo.

IN BRIEF: Kibo Energy signs agreement to sell Cyprus unit Kibo Mining

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Signs an agreement to dispose of its wholly owned Cyprus subsidiary Kibo Mining (Cyprus) Ltd. This disposal is one of the conditions after Kibo agreed to acquire a diverse portfolio of renewable energy projects across Europe and Africa from Swiss-registered ESGTI AG for EUR400 million, or around ZAR7.86 billion. Says it will seek shareholder approval for the disposal at a general meeting.

Kibo Energy agrees to acquire green projects for EUR400 million

(Alliance News) - Kibo Energy PLC said on Monday it has inked a binding term sheet to acquire a diverse portfolio of renewable energy projects across Europe and Africa from Swiss-registered ESGTI AG for EUR400 million, or around ZAR7.86 billion.

IN BRIEF: Mast Energy first refurbished genset lifts revenue in July

Mast Energy Developments PLC - developer of reserve power generation plants - Reports that first refurbished 2.7-megawatt generator set, or genset, at its Pyebridge flexible power plant generated revenue amounting to GBP66,000 in July, up 16% from GBP57,000 previously reported following receipt of imbedded benefits. Preliminary revenue for August is GBP46,000 before receipt of imbedded benefits.

Mast Energy interim loss shrinks amid refurbishment at power plant

(Alliance News) - Mast Energy Developments PLC reported on Friday that it reduced its interim loss as the company carried out maintenance and refurbishment at its Pyebridge power plant.

FTSE Russell to remove certain companies on suspension of dealing rule

(Alliance News) - FTSE Russell on Friday said a number of companies will be removed from the FTSE Russell Index after being suspended for 40 business days without an indication of resumption.

IN BRIEF: Kibo unit Mast Energy starts to revamp second generator set

Mast Energy Developments PLC - developer of reserve power generation plants - Starts to refurbish its second generator set, or genset, at its Pyebridge flexible power plant in Derbyshire, England. Says RiverFort Global Opportunities PCC Ltd has agreed to provide GBP1.1 million to fund this second genset overhaul, as part of a third advance against the project finance agreement. In February, RiverFort committed to an initial funding facility up to GBP4.0 million.