Kibo Energy Share News (KIBO)

IN BRIEF: Kibo Energy faces dissent at extraordinary general meeting

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says five of a total of eight resolutions failed to reach the minimum threshold of 75% of the vote at an extraordinary general meeting held on Friday. These include equity securities allotment, amendment of the Memorandum of Association and amendment of the Articles of Association. Says 35% of shareholders voted against these resolutions.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Mast Energy allots shares to institutional investors

Mast Energy Developments PLC - London-based company which operates reserve power generation plants in the UK - Allots 11.7 million new shares following receipt of conversion notices from the institutional lender group under the terms of the recent reprofiling agreement on the balance of its outstanding loan facilities announced last week Wednesday.

Kibo Energy reports progress on Mbeya Power Project deal

(Sharecast News) - Shares in renewable power developer Kibo Energy surged on Thursday, after it updated the market on its Mbeya Power Project (MPP).

Mast Energy Developments shares jump after joint venture announcement

(Alliance News) - Shares in Mast Energy Developments soared by over 50% on Thursday after it agreed to a joint venture to create a 50 megawatt portfolio of gas peaker plants.

Kibo Energy makes progress in pilot tests for biofuel projects

(Alliance News) - Kibo Energy PLC said on Tuesday it has made "significant progress" in pilot tests for its biofuel projects in southern Africa.

Mast Energy shares fall after cash crunch warning, dragging down Kibo

(Alliance News) - Mast Energy Developments PLC said on Friday its annual loss widened and warned that it might not be able to meet its debt obligations due to a cash crunch.

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.