RE: RNS15 Feb 2021 14:51
Dated: 15 February 2021
Warrant Exercise
Kibo Energy PLC ('Kibo' or the 'Company'), the multi-asset, Africa & UK focused, energy company is pleased to announce that Monecor (London) Limited has exercised 10,000,000 Company warrants to subscribe for 10,000,000 new Kibo shares (the "Warrant Shares",) under the terms of Broker Warrants awarded to it as part of a Company placing announced on the 17 September 2020. The warrants were exercisable at a price of GBP 0.002 (0.2p) per warrant for gross proceeds of £20,000.
Total Voting Rights
Application will be made for the Warrant Shares to be admitted to trading on AIM and the JSE AltX markets. Trading in the Warrant Shares is expected to commence on AIM and the JSE on or around 19 February 2021 ('Admission'). Following Admission, the Company will have 2,231,640,835 shares in issue. The foregoing ?gure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.