Kibo Energy PLC Results of Reconvened AGM (5263E)
October 28 2022 - 8:00AM
UK Regulatory
TIDMKIBO
RNS Number : 5263E
Kibo Energy PLC
28 October 2022
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")
28 October 2022
Kibo Energy PLC ('Kibo' or the 'Company')
Results of Reconvened AGM
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy
focused development company, announces the results of voting at its
reconvened Annual General Meeting ("AGM") held today. Proxies were
received by shareholders holding 9.51% of the shares in Kibo
(3,039,197,458 shares issued and outstanding).
Due to ongoing technical difficulties relating to the casting of
votes, most of Kibo's largest shareholders were unable to cast
their votes, despite the anticipation that these difficulties would
be resolved in advance of the adjourned meeting. The Company did
not wish to further adjourn the AGM, and therefore the board
decided to proceed with the ordinary business of the AGM and
withdraw from consideration the proposed resolutions 4 to 8.
The Company intends to hold an EGM to deal with these other
resolutions as soon as is reasonably possible and is working to
assist the relevant shareholders in resolving these technical
issues.
The Company remains committed to ensuring full shareholder
representation at its general meetings.
The proxy voting details for resolutions 1- 3 at the AGM are
shown on the table below: -
Resolu-tion Summary Resolution Votes cast For Votes cast Votes Withheld
# & Against
With Discretion
Number % Number % Number %
-------------------------------- -------------- ------ -------------- ------ ------------ --------
To receive, consider
and adopt the accounts
for the year ended 31
December 2021and the
Directors' and Auditor's
1. Reports thereon. 158,844,540 54.95 126,566,736 43.78 3,669,300 1.27
-------------------------------- -------------- ------ -------------- ------ ------------ --------
To authorise the Directors
to fix the remuneration
2. of the auditors. 158,494,540 54.83 126,916,736 43.90 3,669,300 1.27
------------ -------------------------------- -------------- ------ -------------- ------ ------------ --------
To note the resignation
of Mr. Christian Schaffalitzky
3. as Director 158,841,800 54.95 126,566,736 43.78 3,672,040 1.27
------------ -------------------------------- -------------- ------ -------------- ------ ------------ --------
Resolutions numbered 4 to 8 on the Notice of AGM were withdrawn
**ENDS**
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014 and is
announced in accordance with the Company's obligations under
Article 17 of the specified Regulation.
Louis Coetzee, CEO of Kibo, said: "I want to thank Christian
Schaffalitzky, who has retired today as a director and chairman of
the Company. On behalf of the Kibo Board I thank him for his
dedication and commitment to Kibo over the last 15 years. His
technical knowledge and company management skills have made a
significant contribution to the Company's development during his
time as Chairman. I wish Christian the very best with his
retirement plans.
For further information please visit www.kibo.energy or
contact:
Louis Coetzee info@kibo.energy 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 Joint Broker
-------------------------------- ----------------------- -----------------------------
Damon Heath +44 207 186 9952 Shard Capital Partners Joint Broker
LLP
-------------------------------- ----------------------- -----------------------------
Bhavesh Patel +44 20 3440 6800 RFC Ambrian Ltd NOMAD on AIM
/ Stephen
Allen
-------------------------------- ----------------------- -----------------------------
Zainab Slemang zainab@lifacommunications.co.za Lifa Communications Investor and Media Relations
van Rijmenant Consultant
-------------------------------- ----------------------- -----------------------------
Johannesburg
28 October 2022
Corporate and Designated Adviser
River Group
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END
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