KIBO ENERGY PLC - Warrant Exercise2021/05/04 12:15:00
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Warrant Exercise 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: 4 May 2021 Warrant Exercise Kibo Energy PLC (‘Kibo’ or the ‘Company’), the multi-asset, Africa & UK focused, energy company is pleased to announce that warrant holders have exercised 50,000,889 Company warrants to subscribe for 50,000,889 new Kibo shares (the “Warrant Shares”,) under the terms of warrants awarded to subscribers as part of a Company placing announced on the 17 September 2020. The warrants were exercisable at a price of GBP 0.004 (0.4p) per warrant. The gross proceeds to the Company were £200,003.55 following exercise of the warrants. 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 10 May 2021 ('Admission'). Following Admission, the Company will have 2,410,072,391 shares in issue. The foregoing figure 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. **ENDS** This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014. For further information please visit www.kibo.energy or contact: Louis Coetzee firstname.lastname@example.org 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 / +44 20 3440 6800 RFC Ambrian Ltd NOMAD on AIM Stephen Allen Isabel de Salis / +44 (0) 20 7236 1177 St Brides Partners Ltd Investor and Media Relations Adviser Charlotte Hollinshead Notes Kibo Energy PLC is a multi-asset, Africa 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 4 May 2021 Corporate and Designated Adviser River Group Date: 04-05-2021 12:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.