KIBO.L

Kibo Energy Plc
Kibo Energy PLC - Publication of AFS & Admission of Placing Shares
25th June 2024, 06:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 6798T
Kibo Energy PLC
25 June 2024
 

Kibo Energy PLC (Incorporated in Ireland)A picture containing text, clipart Description automatically generated

(Registration Number: 451931)

(External registration number: 2011/007371/10)

LEI Code: 635400WTCRIZB6TVGZ23

Share code on the JSE Limited: KBO

Share code on the AIM: KIBO

ISIN: IE00B97C0C31

('Kibo' or 'the Company')

 

Dated: 25 June 2024

Kibo Energy PLC ('Kibo' or the 'Company')

 

Update regarding publication of the Company's Accounts & Admission of the Placing Shares

 

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company, announces that whilst the audit preparation for the Financial Statements to 31 December 2023 ("Accounts") has been ongoing, the Accounts are unlikely to be published by 30 June 2024 as required by the AIM Rules. The Company is working diligently to have the Accounts ready for publication at the end of July to early August and will update the market should there be any change to this date.

Accordingly, and pursuant to AIM Rule 19, the Exchange will suspend trading in the Company's shares with effect from 07h30 on 1 July 2024.

 

The Company also announces that in relation to the Placing announced on 20 June 2024, admission of the 3,400,000,000 Placing Shares will now happen in two tranches: the first tranche of 2,400,000,000 Ordinary Shares will be admitted to trading on AIM on 27 June 2024 as originally announced whilst the second tranche, being 1,000,000,000 Ordinary Shares, will be admitted at the time trading in the Company's Ordinary Shares on AIM resumes as referenced above.

 

Total Voting Rights:

Following Admission of the first tranche of Placing Shares, the Company's total issued share capital will consist of 6,760,947,764 Ordinary Shares of EUR0.0001 each. This figure may then be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.

 

**ENDS**

 

For further information please visit www.kibo.energy or contact:

 

Louis Coetzee

info@kibo.energy

Kibo Energy PLC

Chief Executive Officer

James Biddle Roland Cornish

+44 207 628 3396

Beaumont Cornish Limited

Nominated Adviser

Claire Noyce

+44 20 3764 2341

Hybridan LLP

Joint Broker

James Sheehan

+44 20 7048 9400

Global Investment Strategy UK Limited

Joint Broker

 

Beaumont Cornish Limited ('Beaumont Cornish') is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

 

Johannesburg

25 June 2024

Corporate and Designated Adviser

River Group

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCSEWESLELSEEM]]>
TwitterFacebookLinkedIn