Kibo Energy Share News (KIBO)

Kibo Energy takes steps to secure development plans

(Alliance News) - Kibo Energy PLC said on Tuesday it was taking steps in warrant repricing, convertible loan conversion and loan reprofiling to ensure financial stability.

IN BRIEF: Kibo Energy remains confident of project deadlines for 2023

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says it continues to advance the development of all of its projects and remains confident of meeting deadlines set for 2023. "That said, resolving the creation of new authorities is of an increasing concern as this materially affects the company's ability to secure project funding and debt financing at project level, which will inevitably impact on reaching financial close for the various projects at the set target dates," says Chief Executive Louis Coetzee.

Kibo Energy appoints new business development executive

(Sharecast News) - Kibo Energy announced the appointment of Peter Oldacre as its new group business development executive on Friday, as part of its executive committee.

IN BRIEF: Kibo Energy names new business development executive

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Appoints Peter Oldacre as the new group business development executive. Oldacre is an experienced renewable energy and energy-storage project developer, Kibo says. "The appointment of Mr Oldacre further demonstrates Kibo's commitment to deliver a portfolio of operational revenue-generating projects within the next 18 to 24 months as previously announced," Kibo Chief Executive Louis Coetzee says.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Kibo's Mast Energy wins new capacity market contracts in UK

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says investee Mast Energy Developments PLC's nine-megawatt Pyebridge synchronous gas-powered flexible generation facility has obtained new capacity market contracts at "considerably" higher values following auction. Says new contracts will significantly enhance the facility's revenue profile and profitability.

Kibo mulling synthetic oil production at syngas plant

(Sharecast News) - Renewables-focussed developer Kibo Energy announced a decision to potentially introduce an additional revenue stream to its 2.7 MW plastic-to-syngas power plant on Tuesday, which sits within the 65%-owned Sustineri Energy.

Kibo Energy plans new revenue stream from waste-to-energy plant

(Alliance News) - Kibo Energy PLC on Tuesday said its South African waste-to-energy project will potentially create new revenue stream from synthetic oil for the group.

Kibo Energy resumes trading in London after picking nominated adviser

(Alliance News) - Kibo Energy PLC said on Wednesday it will resume trading on London Stock Exchange's AIM market after appointing Beaumont Cornish Ltd as its nominated adviser.

IN BRIEF: Kibo receives GBP200,000 via sale of Mast Energy shares

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - In July, Kibo received 28.7 million new shares in Mast Energy Developments PLC, to partially settle GBP1 million of the outstanding shareholder loan owed to Kibo's subsidiary Kibo Mining Cyprus Ltd. Kibo has now sold 7.4 million of the shares for GBP239,514.

IN BRIEF: Kibo faces suspension over nominated adviser, shares plunge

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Warns its shares will be suspended from the AIM on Monday if it does not find a nominated adviser, a financial services firm that shepherds a company onto the AIM. RFC Ambrian Ltd will cease to act as nominated adviser for Kibo from the close of business on Friday. Says it is in "very advanced discussion" with a new nominated adviser, with their appointment subject to completion of due diligence.

IN BRIEF: Kibo Energy extends convertible instrument redemption again

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Agrees a further extension of five months months for the redemption date of the convertible loan note, with all noteholders. The new redemption date in now February 28. The further extension includes notes in aggregate of GBP657,985.

IN BRIEF: Kibo Energy renews power purchase agreement in Tanzania

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Signs a renewed memorandum of understanding to supply power to Tanzania Electric Supply Co Ltd from its Mbeya power project. This project was first announced in February 2018. In terms of the renewed power purchase agreement, TANESCO will buy power with a capacity of 300 megawatts from Mbeya Power Ltd, a subsidiary of Kibo.

IN BRIEF: Kibo Energy director Andreas Lianos exits after seven years

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Andreas Lianos retires as a director after seven years, with immediate effect, due to personal circumstances, Kibo says.

UK shareholder meetings calendar - next 7 days