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KIBO ENERGY PLC - Warrant Exercise

Release Date: 04/05/2021 12:15
Code(s): KBO     PDF:  
Wrap Text
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.


This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no.

For further information please visit or contact:

Louis Coetzee       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

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.

4 May 2021
Corporate and Designated Adviser
River Group

Date: 04-05-2021 12:15:00
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