Last checked at 23 Jun 2015 15:00
Kibo Mining Plc (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited:KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
("Kibo" or "the Company")
Dated: 23 June 2015
Kibo Share Forfeiture
Kibo Mining Plc ("Kibo" or the "Company") (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company announces in accordance with the terms of its Articles of Association, that it has today declared 4,090,000 Ordinary Shares ("Forfeited Shares") issued to XCAP Nominees Limited (XCAP"), a subsidiary of Hume Capital Limited, on the 3rd March 2015, forfeited. The Forfeited Shares remained unpaid at the 22 June 2015 which was the final date advised to XCAP for receipt of funds by Kibo for the Forfeited Shares. The Forfeited Shares will now be placed in a Company treasury account for disposal at a later date.
The table below shows the number of Kibo Shares issued and outstanding prior to and after the share process.
Shares Issued & Outstanding Prior to Share Forfeiture | Shares Forfeited | Kibo Shares Issued & Outstanding after Share Forfeiture |
328,898,757 | 4,090,000 | 324,808,757 (and 4,090,000 ordinary shares held in Kibo treasury account) |
An application has been made for the Forfeited Shares to be delisted from AIM and the JSE and this is expected to take place on 23 June 2015
Contacts
Louis Coetzee | +27 (0) 83 2606126 | Kibo Mining plc | Chief Executive Officer |
Andreas Lianos | +27 (0) 83 4408365 | River Group | Corporate Adviser and Designated Adviser on JSE |
Jon Belliss | +44 (0) 207 382 8300 | Beaufort Securities Limited | Broker |
Oliver Morse | +61 8 9480 2500 | RFC Ambrian Limited | Nominated Adviser on AIM |
Daniel Thöle Lucinda Alderson | +44 (0) 203 772 2500
| Bell Pottinger | Investor and Media Relations |
Johannesburg
23 June 2015
Corporate and Designated Adviser
River Group