Kibo Energy PLC Update re SEPCOIII Strategic Development Agreement (9546U)
April 03 2019 - 3:00AM
UK Regulatory
TIDMKIBO
RNS Number : 9546U
Kibo Energy PLC
03 April 2019
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: 3 April 2019
Kibo Energy PLC ('Kibo' or the 'Company')
Update re SEPCOIII Strategic Development Agreement
Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset,
Africa focused energy company, announces that further to the
announcement dated 11 December 2018, a final decision regarding the
Strategic Development Agreement ('SDA') with SEPCOIII has not been
made; discussions are ongoing. The Company looks forward to
updating the market further in this regard in due course.
*ENDS**
For further information please visit www.kibo.energy or
contact:
Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive Officer
Andreas Lianos +27 (0) 83 4408365 River Group Corporate and Designated
Adviser on JSE
------------------- ----------------------- -------------------------
Ben Tadd / +44 (0) 20 3700 SVS Securities Limited Joint Broker
Tom Curran 0093
------------------- ----------------------- -------------------------
Jason Robertson +44 (0) 20 7374 First Equity Limited Joint Broker
2212
------------------- ----------------------- -------------------------
Andrew Thomson +61 8 9480 2500 RFC Ambrian Limited NOMAD on AIM
------------------- ----------------------- -------------------------
Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media
/ 1177 Ltd Relations Adviser
Gaby Jenner
------------------- ----------------------- -------------------------
Notes to editors
Kibo Energy PLC is a multi-asset energy company focused on
progressing a diverse portfolio of advanced power generation and
mining projects in Sub-Saharan Africa and the UK, utilising
established international relationships with key development
partners. It is simultaneously developing three coal-fuelled power
projects in Africa: the Benga Independent Power Project in
Mozambique; the Mabesekwa Coal Independent Power Project in
Botswana; and the Mbeya Coal to Power Project in Tanzania.
Additionally, the Company has a 60% interest in MAST Energy
Developments Limited, a private UK registered company targeting the
development and operation of flexible power plants to service the
Reserve Power generation market.
Johannesburg
3 April 2019
Corporate and Designated Adviser
River Group
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END
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