Last checked at 20 Oct 2021 07:05
Kibo Energy 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: 20 October 2021
Kibo Energy PLC ('Kibo' or the 'Company')
MED Signs Term Sheet to Fund the Development and Construction of Bordesley and Rochdale Reserve Power Projects
Kibo Energy PLC, the multi-asset energy development company, notes that its 55% subsidiary, MAST Energy Developments PLC ("MAST"), today announced that Close Leasing Ltd, a subsidiary of Close Brothers Group plc (the "Lender"), have offered facilities to MED to fund the development and construction of the Company's two owned Reserve Power projects currently in development, Bordesley and Rochdale (the "Projects").
The facilities are offered subject to the successful completion of due diligence (including legal, technical and financial) and other relevant regulatory checks and approvals. Final details of the facilities will be confirmed at financial close.
**ENDS**
For further information please visit www.kibo.energy or contact:
Louis Coetzee | info@kibo.energy | Kibo Energy PLC | Chief Executive Officer |
Andreas Lianos | +357 99 53 1107 | River Group | JSE Corporate and Designated Adviser |
Claire Noyce | +44 (0) 20 3764 2341 | Hybridan LLP | Broker |
Bhavesh Patel / Stephen Allen | +44 20 3440 6800 | RFC Ambrian Ltd | NOMAD on AIM |
Isabel de Salis / Oonagh Reidy | info@stbridespartners.co.uk | St Brides Partners Ltd | Investor and Media Relations Adviser |
Johannesburg
20 October 2021
Corporate and Designated Adviser
River Group