Last checked at 22 Feb 2021 12:30
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: 22 February 2021
Result of Extraordinary General Meeting
Dublin, Ireland, 22 February 2021 - Kibo Energy plc (LSE: KIBO, Alt(x) KBO), the multi-asset, Africa & UK focused energy company, announces that each of the resolutions proposed at the Extraordinary General Meeting of the Company, held earlier today, were passed.
The full text of each resolution was included in the Notice of Extraordinary General Meeting of the Company, circulated to shareholders on 29 January 2021. The resolutions relate to the replacement of CREST with Euroclear Bank for electronic settlement of trading in the ordinary shares of the Company.
Voting on the resolutions was conducted by poll, and the details of the poll vote are set out below:
Votes for | % | Votes Against | % | Votes Total | % of ISC Voted | Votes Withheld | |
Resolution 1: Shareholders Consent to Migration | 798,772,784 | 99.97 | 52,398 | 0.01 | 799,024,983 | 35.8 | 199,801 |
Resolution 2: Approval and Adoption of New Articles of Association of the Company | 798,816,284 | 99.97 | 8,898 | 0.00 | 799,024,983 | 35.8 | 199,801 |
Resolution 3: to give effect to aspects of the Migration | 798,816,284 | 99.97 | 8,898 | 0.00 | 799,024,983 | 35.8 | 199,801 |
Notes
1. Any proxy appointments which gave discretion to the Chair have been included in the "votes for" total.
2. A "Vote Withheld" is not a valid vote in Irish law and was not counted in the calculation of the proportion of the votes "For" or "Against" a resolution.
End
For further information please visit www.kibo.energy or contact:
Louis Coetzee | info@kibo.energy | Kibo Energy PLC | Chief Executive Officer |
Andreas Lianos | +27 (0) 83 4408365 | River Group | Corporate and Designated Adviser on JSE |
Claire Noyce | +44 (0) 20 3764 2341 | Hybridan LLP | Broker |
Bhavesh Patel / Stephen Allen | +44 20 3440 6800 | RFC Ambrian Limited | NOMAD on AIM |
Isabel de Salis / Beth Melluish | +44 (0) 20 7236 1177 | St Brides Partners Ltd | Investor and Media Relations Adviser |
Notes
Kibo Energy PLC is a multi-asset, Africa and UK focused, energy company positioned to address the acute power deficit, which is one of the primary impediments to economic development in Sub-Saharan Africa. To this end, it is the Company's objective to become a leading independent power producer in the region.
Kibo is simultaneously developing three similar coal-fuelled power projects: the Mbeya Coal to Power Project ('MCPP') in Tanzania; the Mabesekwa Coal Independent Power Project ('MCIPP') in Botswana; and the Benga Independent Power Project ('BIPP') in Mozambique. By developing these projects in parallel, the Company intends to leverage considerable economies of scale and timing in respect of strategic partnerships, procurement, equipment, human capital, execution capability / capacity and project finance.
Johannesburg
22 February 2021
Corporate and Designated Adviser
River Group