Kibo Energy PLC (Incorporated in Ireland)
(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')
11 October 2024
Kibo Energy PLC ('Kibo' or the 'Company')
Results of Extraordinary General Meeting
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development company, announces the results of voting at its Extraordinary General Meeting ("EGM") held today. The Resolution was carried.
Proxies were received by shareholders holding 54.84 % of the shares in Kibo (14,715,197,764 ordinary shares issued and outstanding).
The proxy voting results at the EGM are shown in the table below: -
| Resolution #
| Summary Resolution | Votes For & Discretion | Votes Against | *Votes Withheld | |||
| | | Number | % | Number | % | Number | % |
| | | | | | | | |
| 1. | To approve the sale of Kibo Mining (Cyprus) Limited, Registration Number HE247089 to Aria Capital Management Limited |
8,066,098,870 |
99.94 |
4,950,287 |
0.06 |
6,233 |
n/a |
| | | | | | | | |
| *A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" and "Against" | |||||||
Accordingly, all conditions regarding the sale of Kibo Mining (Cyprus) Limited have now been met and the Company will proceed to complete the share transfer to Aria Capital Management Limited. As previously advised, the Company is now an AIM Rule 15 cash shell.
**ENDS**
For further information please visit www.kibo.energy or contact:
| Cobus van der Merwe | 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
11 October 2024
Corporate and Designated Adviser
River Group
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