Last checked at 21 Oct 2010 17:21
KIBO MINING PLC
Holding in Company
Dated: 21 October 2010
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached:
KIBO Mining PLC
2. Reason for the notification (please tick the appropriate box or boxes):
| An acquisition or disposal of voting rights: | a |
| An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: | - |
| An event changing the breakdown of voting rights: | - |
| Other (please specify): | - |
3. Full name of person(s) subject to the notification obligation:
City Equities Limited
4. Full name of shareholder(s) (if different from 3.):
N/A
5. Date of the transaction (and date on which the threshold is crossed
or reached if different):
1 October 2010 (Placing participation)
20 October 2010 closing of transaction
6. Date on which issuer notified:
21 October 2010
7. Threshold(s) that is/are crossed or reached:
Above 3% to below 3%
8. Notified details
A. Voting rights attached to shares:
| Class/type of shares if possible using the ISIN CODE | Situation previous to the Triggering transaction | Resulting situation after the triggering transaction | |||||
| Number of Shares | Number of Voting Rights viii | Number of shares | Number of voting rights ix | % of voting rights | |||
| Direct | Direct x | Indirect xi | Direct | Indirect | |||
| IE00B61XQX41 | 10,000,000 | 10,000,000 | Nil | Nil | Nil | Nil | Nil |
B. Qualifying Financial Instruments:
Resulting situation after the triggering transaction:
| Type of | Expiration | Exercise/ | Number of voting | % of voting |
| financial | date | Conversion | rights that may be | rights |
| instrument | Period/Date | acquired if the | ||
| instrument is exercised/ | ||||
| converted | ||||
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction:
| Type of | Exercise | Expiration | Exercise/ | Number of voting | % of voting | |
| financial | price | date | Conversion | rights instrument | rights | |
| instrument | period | refers to | ||||
| Nominal | Delta | |||||
Total (A+B+C)
Number of voting rights % of voting rights
Nil Nil
9. Chain of controlled undertakings through which the voting rights and/
or the financial instruments are effectively held, if applicable:
N/A
Proxy Voting
10. Name of the proxy holder: n/a
11. Number of voting rights proxy n/a
holder will cease to hold:
12. Date on which proxy holder n/a
will cease to hold voting
rights:
13. Additional information:
Shares acquired in the Company's Placing, announced 1 October 2010. Shares have been sold to certain clients, with City Equities Limited acting as Principal.
14. Contact name: Kevin Wallace
15. Contact telephone number: 020 7489 5562
Enquiries:
| Noel O'Keeffe | +353 91 384562 | Kibo Mining plc
| Managing Director |
| John Simpson | 020 7776 6550 | Daniel Stewart & Company Plc
| Nominated Adviser |
| Fiona Kinghorn / Nick Bealer | 020 7448 9820 | Alexander David Securities Limited
| Joint Broker |
| Anthony Kluk | 020 7628 1128 | Loeb Aron & Company Limited
| Joint Broker |
Updates on the Company's activities are regularly posted on its website www.kibomining.com