Kibo Energy Share News (KIBO)

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.

IN BRIEF: Mast Energy shares rally as new generator set earns revenue

Mast Energy Developments PLC - developer of reserve power generation plants - Says its first refurbished generator set, or genset, achieves GBP56,689 in revenue in first month of its operation at its Pyebridge flexible power plant in Derbyshire, England. The refurbished genset started commercial operation on July 1. Mast says it has carefully monitored the refurbished genset to ensure optimal performance.

IN BRIEF: Kibo Energy completes share placing; Williams has 28% stake

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Converts GBP263,334 of debt into equity at a 0.0084 pence per share. Of this, Non-Executive Director Clive Roberts is issued 1.62 billion shares for a GBP136,088 loan. In addition, former CEO Louis Coetzee converts GBP243,244 in outstanding remuneration to shares at the same price.

UK shareholder meetings calendar - next 7 days

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.

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.

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.

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.

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.

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.

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.

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

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