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Pin to quick picksKibo Energy Share News (KIBO)

Share Price Information for Kibo Energy (KIBO)

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Share Price: 0.008
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IN BRIEF: Kibo Energy shareholders okay acquisition of green projects

Fri, 11th Oct 2024 13:33

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.

In line with the reverse takeover, Kibo is required to enlarged its share capital to be readmitted to AIM. A placing to accompany the reverse takeover will have a target raise of EUR30 million. The transaction is also subject to completion of due diligence and regulatory clearances. The assets Kibo plans to buy comprise 36 development projects, spanning 15 countries from early stage to under construction, with a target of 20 Gigawatts generation capacity within six years.

Kibo shares are suspended both in London and Johannesburg.

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Kibo Energy annual loss widens on Katoro exploration work on Blyvoor

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21 May 2021 09:07

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Kibo Energy inks deal to co-develop waste-to-energy project portfolio

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IN BRIEF: Kibo shares jump on renewable energy strategy progress

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SMALL-CAP WINNERS & LOSERS: Mast Energy gains 17% on London debut

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Mast Energy shares gain 17% on London debut after GBP5.5 million raise

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12 Apr 2021 11:38

Kibo Energy discusses Benga project with Mozambique state utility EDM

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29 Mar 2021 10:03

Kibo Energy's Mast set to start trading in London in mid-April

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15 Feb 2021 15:54

UK Shareholder Meetings Calendar - Next 7 Days

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5 Feb 2021 11:21

AIM WINNERS & LOSERS: Falanx Rises On Contract Wins, Loan Talks

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Kibo Energy Shares Rise As Mast Set For GBP23 Million London Float

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Kibo Energy To Keep Mast Energy As Subsidiary Following IPO In London

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AIM WINNERS & LOSERS: Eurasia Rallies As It Explains Churakov Sale

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