Brian Goodman, CEO of Golden Matrix Group Inc. explains how they stay one step ahead of their rivals. Watch the interview here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

Pin to quick picksKibo Energy Share News (KIBO)

  • This share is currently suspended. It was suspended at a price of 0.012

Share Price Information for Kibo Energy (KIBO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.012
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.012

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Mast Energy signs definitive joint venture pact with Proventure

Mon, 23rd Oct 2023 11:45

(Alliance News) - Mast Energy Developments PLC said on Monday it had signed a "replacement first definitive and binding joint venture agreement" with Proventure Holdings (UK) Ltd.

Back in July, Mast Energy finalised a joint venture agreement with an institutional investor-led consortium led by Seira Capital Ltd. But the principal of Seira Capital was involved in a tragic road accident early in August, prompting a revision of the long-stop date of the agreement.

Mast Energy said in August it had received the full co-operation of the investor consortium and had already agreed on how the revised completion long-stop date can be met.

In terms of this agreement, Mast Energy said on Monday Proventure is required to make an initial interim payment of GBP2.0 million to the joint venture special purpose vehicle to be received no later than November 10.

The London-based developer of reserve power generations plants expects the completion long-stop date for the joint venture agreement, as well as the payment of the balance of the investment amounting to GBP3.9 million, by no later than November 30.

Mast Energy is a subsidiary of Kibo Energy PLC, a Galway, Ireland-based company with energy projects in Africa and the UK.

"We are delighted to have concluded the agreement with the replacement lead-investor, and excited to partner with a well-established and reputable institutional investor such as Proventure," Mast Energy Chief Executive Pieter Krugel said.

The parties, Krugel said, are fully committed to finalise the statutory arrangements required to ensure the successful completion and transfer of funds as quickly as possible.

Mast Energy said the joint venture agreement in July committed parties to promptly finalise terms on a second joint venture that will increase the envisaged total investment value to GBP31 million.

Shares in Mast Energy rose by 2.7% to 1.12 pence each on Monday in London. But shares in Kibo tumbled 50% to one rand cents in Johannesburg, and they lost 6.7% to 0.051 pence in London.

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
10 Mar 2023 07:29

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.

Read more
9 Mar 2023 15:54

UK shareholder meetings calendar - next 7 days

Friday 10 March 
Atrato Onsite Energy PLCAGM
Malin Corp PLCAGM
Mineral & Financial Investments LtdAGM
Monday 13 March 
BlackRock Energy & Resources Income Trust PLCAGM
Hercules Site Services PLCAGM
Hummingbird Resources PLCGM re strategic investment and placement
Ironveld PLCGM re second placing shares on AIM
Tuesday 14 March 
Georgia Capital PLCGM re company's transfer from Premium to Standard listing
MTI Wireless Edge LtdAGM
Redx Pharma PLCAGM
Wednesday 15 March 
Applied Graphene Materials PLCGM re delisting
BSF Enterprise PLCAGM
Chemring Group PLCAGM
Invinity Energy Systems PLCGM re placing fundraising and subscription
Safestore Holdings PLCAGM
Thursday 16 March 
Athelney Trust PLCAGM
Glantus Holdings PLCEGM re raising of gross proceeds
Hunting PLCAGM
Impax Asset Management Group PLCAGM
Kibo Energy PLCEGM re renewal of director authorisations
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
27 Feb 2023 12:45

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.

Read more
17 Jan 2023 17:35

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.

Read more
17 Jan 2023 10:46

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.

Read more
11 Jan 2023 08:28

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.

Read more
15 Dec 2022 16:05

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.

Read more
9 Dec 2022 15:31

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.

Read more
5 Dec 2022 13:15

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.

Read more
23 Nov 2022 12:37

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.

Read more
15 Nov 2022 13:10

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.

Read more
21 Oct 2022 15:44

UK shareholder meetings calendar - next 7 days

Monday 24 October 
Echo Energy PLCGM new ordinary shares conversion
Fintech Asia LtdAGM
Rural Broadband Solutions PLCEGM investment from Tiger Infrastructure Partners Fund and name change
Seraphim Space Investment Trust PLCAGM
Vast Resources PLCGM allotment of equity securities
Tuesday 25 October 
Hammerson PLCGM re proposed capital reduction
International Consolidated Airlines Group SAEGM 
Next Fifteen Communications Group PLCGM cash and share acquisition
Rio Tinto PLCGM re China Baowu Steel Group deal
Tritax EuroBox PLCGM Investment Management Agreement
Vertu Capital LtdGM readmission of ordinary shares
Wednesday 26 October 
JPMorgan Global Growth & Income PLCAGM
KCR Residential REIT PLCAGM
International Consolidated Airlines Group SAEGM aircraft purchase
Mid Wynd International Investment Trust PLCAGM
Mirada PLCAGM
Omega Diagnostics Group PLCAGM
Woolworths Group LtdAGM
Thursday 27 October 
Alumasc Group PLCAGM
Brooks Macdonald Group PLCAGM
City Of London Investment Trust PLCAGM
Filtronic PLCAGM
Hargreaves Services PLCAGM
National Milk Records PLCAGM
Ovoca Bio PLCAGM
PCI-PAL PLCAGM
Provexis PLCAGM
Real Good Food PLCAGM
South32 LtdAGM
TheWorks.co.uk PLCAGM
TruSpine Technologies PLCAGM
Tufton Oceanic Assets LtdAGM
Wesfarmers LtdAGM
Friday 28 October 
ITM Power PLCAGM
Kibo Energy PLCAGM
Mattioli Woods PLCAGM
Shepherd Neame LtdAGM
Tirupati Graphite PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
29 Sep 2022 12:04

Kibo Energy to spin-out renewable, clean energy portfolio

(Sharecast News) - Kibo Energy is proceeding with a proposal for an initial public offering to be named Ultimate Sustainable Energy (USE), it announced on Thursday, as part of its corporate strategy towards "significant" renewable and clean energy developer status.

Read more
29 Sep 2022 11:24

AIM WINNERS & LOSERS: Attraqt agrees buyout; Pathfinder surges

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

Read more
29 Sep 2022 09:00

Kibo Energy to spinout renewable energy generation assets through IPO

(Alliance News) - Kibo Energy PLC said on Thursday it was proceeding with a proposal for an initial public offering of its "spinout" named Ultimate Sustainable Energy Ltd.

Read more

Make Better Investment Decisions

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.