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Pin to quick picksKibo Energy Share News (KIBO)

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IN BRIEF: Kibo Energy receives Mast Energy shares as loan repayment

Fri, 29th Jul 2022 15:00

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Receives 28.7 million new shares in Mast Energy Developments PLC at a price of 3.48 pence each, to partially settle GBP1 million of the outstanding shareholder loan owed to Kibo's subsidiary Kibo Mining Cyprus Ltd.

Mast Energy now owes Kibo Energy GBP1.3 million in the shareholder loan. In addition, Kibo now holds a 61% interest in Mast Energy.

"We are pleased to announce the partial settlement of the MED Loan, which has been agreed on very favourable terms to both Kibo and MED. The favourable settlement terms not only highlights Kibo's ongoing support of MED but also illustrates its firm belief in MED's future success," said Chief Executive Officer Louis Coetzee.

Kibo's current London stock price: 0.11 pence, down 4.4% on Friday

12-month change: down 52%

Kibo's current Johannesburg stock price: ZAR0.05

12-month change: down 44%

Mast Energy's current stock price: 2.96 pence, up 3.9% on Friday

12-month change: down 73%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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18 Jul 2024 11:36

IN BRIEF: Kibo Energy formally appoints Clive Roberts as new chair

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Formally appoints Clive Roberts as its new chair. Late last moth, Kibo named Roberts, a shareholder in Kibo, as a non-executive director and chair as part of the board shake-up. Early this month, picked as Cobus van der Merwe as an interim chief executive officer. Van der Merwe is the chief financial officer. It also said Louis Coetzee retired as the CEO.

Read more
5 Jul 2024 12:25

Kibo raises £0.15m to continue delayed audit, appoints interim CEO

(Sharecast News) - Renewable energy developer Kibo Energy announced the receipt of £0.15m on Friday, in first trance placing proceeds, to enable the continuation of the audit for the 2023 accounts.

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5 Jul 2024 07:41

IN BRIEF: Kibo Energy names Cobus van der Merwe as chief executive

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Appoints Cobus van der Merwe as an interim chief executive officer. Van der Merwe is the chief financial officer. Says Louis Coetzee retires as the CEO. These board changes are effective immediately and are partially completed. Notes that Clive Roberts will be appointed to the board in due course when regulatory approval is completed. Late last moth, Kibo named Roberts, a shareholder in Kibo, as a non-executive director and chair.

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1 Jul 2024 11:51

Kibo Energy suspended from London's AIM; Mast Energy eyes acquisition

(Alliance News) - Kibo Energy PLC said on Monday London's AIM temporarily has suspended trading in its shares on Monday for failing to publish accounts & admission of the placing shares by Sunday.

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27 Jun 2024 12:21

IN BRIEF: Kibo Energy raises GBP350,000 through share placing

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Conditionally raises GBP350,000 via a placing of 4.17 billion new shares at 0.0084 pence each. The entire placing has been raised through the investor Peter Sion Williams. The placing shares will be settled in two tranches, with 1.78 billion shares settling immediately. Says 2.38 billion shares will settle after shareholder at a general meeting to be held as soon as possible after settlement of tranche one.

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25 Jun 2024 08:28

IN BRIEF: London's AIM to suspend Kibo Energy due accounts delay

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Reports that London's AIM will suspend trading in its shares from Monday for failing to publish accounts & admission of the placing shares by Sunday. Says it is working "diligently" to have the accounts ready for publication at the end of July to early August.

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20 Jun 2024 13:13

Kibo Energy chair & CEO to exit amid board shuffle and fundraise

(Alliance News) - Kibo Energy PLC on Thursday said Interim Chair & Chief Executive Officer Louis Coetzee will step down and two new members will join the board as it tries to relaunch its restructuring plan.

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13 Jun 2024 10:39

AIM WINNERS & LOSERS: Kibo Energy up as subsidiary advances project

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13 Jun 2024 08:21

IN BRIEF: Mast Energy says Pyebridge plant overhaul progressing well

Mast Energy Developments PLC - developer of reserve power generation plants - Expects the first generator set at its 9-megawatt Pyebridge flexible power plant in Derbyshire to start commercial operations and revenue generation around end of this month, in line with the expected timeline. The second phase work programme to refurbish this first genset is progressing well, Mast says. Back in April, it had said the phase two work would be performed in separate consecutive tranches and was expected to take around six to eight weeks per genset.

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12 Jun 2024 16:04

Kibo Energy changes tune on "extensive" corporate restructuring

(Alliance News) - Kibo Energy PLC on Wednesday walked back the corporate restructuring plan, including a board overhaul and capital raise, it unveiled less than a week ago.

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7 Jun 2024 20:12

IN BRIEF: Kibo Energy's joint broker Shard Capital Partners resigns

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says Shard Capital Partners LLP resigns as joint broker Friday. Hybridan LLP and Global Investment Strategy UK Ltd remain as the company's brokers.

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7 Jun 2024 17:01

LONDON MARKET CLOSE: FTSE 100 falls as US rate cut hopes take hit

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7 Jun 2024 08:16

Kibo Energy shakes up board, issues shares and may delist from JSE

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21 May 2024 08:45

Kibo unit Mast Energy mulling options against joint venture partners

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