Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says it is unlikely to publish its financial statements to December 31, 2024 by June 30 in line with the AIM market rules. Kibo said said last month it was at an "advanced" stage in its assessment of potential projects. Kibo is a cash shell and must acquire an asset in line with the reverse takeover rules of the AIM market in London. Its shares are suspended from trading on AIM. The Johannesburg Stock Exchange has determined that there is no basis to suspend trading in Kibo's shares at this stage.
Current stock price in Johannesburg: 0.01 rand cents
12-month change: flat
By Artwell Dlamini, Alliance News reporter
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Kibo Energy (KIBO)
