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Share Price: 0.035

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Change: 0.00 (0.00%)

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IN BRIEF: Kibo Energy pays part of loan via shares; director retires

Thu, 11th Jan 2024 07:40

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Allots 500 million new shares to RiverFort Global Opportunities PCC Ltd, representing conversion of accrued fees and interest totalling GBP161,000. Says it now owes the outstanding balance of GBP1.1 million to RiverFort under the facility restatement agreement dated April 10, 2023. The original facility agreement was signed on February 16, 2022. Kibo has 3.8 billion shares in issue.

Non-Executive Director Ajay Saldanha retires, with effect from Wednesday. Kibo says Saldanha's retirement is due to his increased workload outside of Kibo. Says it is in the process of identifying a replacement non-executive director. Aslo says its Chief Financial Officer Jacobus van der Merwe has agreed to join the board, subject to completion of regulatory checks.

Current stock price in Johannesburg: 1.00 rand cents

12-month change: down 75%

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

5 Sep 2019 12:54

Kibo Energy Signs Term Sheets With Vale Over Benga Power Project

(Alliance News) - Africa-focused energy company Kibo Energy PLC said Thursday it has signed two term sheet with Vale Mozambique SA, a subsidiary of Brazilian mining giant Vale SA, over the Benga a

15 Aug 2019 14:48

Kibo Energy granted seven mining licences for coal-to-power project

(Sharecast News) - Africa-focussed energy company Kibo Energy has been granted seven mining rights for its Mbeya Coal-to-Power Project (MCPP) in Tanzania, it confirmed on Thursday.

15 Aug 2019 10:32

WINNERS & LOSERS SUMMARY: Plus500 Rises As Leadership Snaps Up Shares

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - LOSERS----------Royal Bank of The

15 Jul 2019 10:21

WINNERS & LOSERS SUMMARY: Sports Direct Sinks On Annual Results Delay

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - up 4.3%. An international tribunal has ordered to to

9 Jul 2019 14:58

Kibo Mining "Encouraged" By Mining Licence Application Progress

(Alliance News) - Kibo Mining PLC on Tuesday said its special licence application for the Mbeya project has been converted into seven licence applications.This, Kibo said, will give a and a

7 Jun 2019 08:05

Kibo Energy Completes Definitive Feasibility Study At Benga Project

LONDON (Alliance News) - Kibo Energy PLC on Friday said, in collaboration with STEAG Energy Services, it has completed a definitive feasibility study at the Benga power plant project in holds a in

17 Apr 2019 15:31

Kibo Energy Shares Rise On Finance Agreement With Wimmer Financial

LONDON (Alliance News) - Africa-focused energy company Kibo Energy PLC said on Wednesday it has signed a corporate finance agreement letter with Wimmer Financial LLP, which is part of global bank

25 Mar 2019 14:29

Kibo Energy Strategy Remains Unchanged Despite Setbacks - CEO Coetzee

LONDON (Alliance News) - Kibo Energy PLC Chief Executive Louis Coetzee said the company's strategy remains unchanged despite "much change" since the start of the year.Coetzee,

30 Jan 2019 11:57

Kibo Energy's subsidiary 'moving quickly' on UK plant acquisitions

(Sharecast News) - Kibo Energy on Wednesday reported that its UK subsidiary is negotiating development agreements at two gas-fired sites which are anticipated to be operational by the end of the first quarter of 2020, while operations in Mozambique are ahead of schedule.

26 Nov 2018 16:15

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Kibo Energy Share News (KIBO)

Share Price Information for Kibo Energy (KIBO)

IN BRIEF: Kibo Energy pays part of loan via shares; director retires

Kibo Energy Signs Term Sheets With Vale Over Benga Power Project

Kibo Energy granted seven mining licences for coal-to-power project

WINNERS & LOSERS SUMMARY: Plus500 Rises As Leadership Snaps Up Shares

WINNERS & LOSERS SUMMARY: Sports Direct Sinks On Annual Results Delay

Kibo Mining "Encouraged" By Mining Licence Application Progress

Kibo Energy Completes Definitive Feasibility Study At Benga Project

Kibo Energy Shares Rise On Finance Agreement With Wimmer Financial

Kibo Energy Strategy Remains Unchanged Despite Setbacks - CEO Coetzee

Kibo Energy's subsidiary 'moving quickly' on UK plant acquisitions

Kibo Energy Sells Haneti Nickel To Katoro Gold For GBP200,000 (ALLISS)

Kibo Energy submits formal tender document in Tanzania

Kibo Energy Submits Tender Qualification Document For Mbeya Project

Kibo Energy Pushes Back Conditions Deadline For Chinese Investment

WINNERS & LOSERS SUMMARY: Jardine Lloyd Thompson Jumps 31% On Takeover

Kibo Energy Interim Loss Narrows As Administrative Expenses Fall

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Kibo Energy Share News (KIBO)

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IN BRIEF: Kibo Energy pays part of loan via shares; director retires

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