Kibo Energy PLC Notice of Extraordinary General Meeting (2660N)
January 29 2021 - 2:00AM
UK Regulatory
TIDMKIBO
RNS Number : 2660N
Kibo Energy PLC
29 January 2021
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: 29 January 2021
Notice of Extraordinary General Meeting
Dublin, Ireland, 29 January 2021 - Kibo Energy PLC (LSE: KIBO,
Alt(x) KBO), the multi-asset, Africa & UK focused energy
company , announces that an Extraordinary General Meeting of the
Company will be held at 17 Pembroke Street Upper, Dublin 2, Ireland
on Monday 22 February 2021 at 11 a.m. (the "EGM").
The EGM is being convened to seek the approval of shareholders
to certain resolutions which are intended to facilitate the
migration of the Company's ordinary shares from the CREST System to
the central securities depository ("CSD") system operated by
Euroclear Bank SA/NV, an international CSD incorporated in Belgium,
following the withdrawal of the UK from the EU, and to make
subsequent changes to the Company's Articles of Association (the
"Resolutions").
The approval of the Resolutions is necessary to ensure the
continuation of electronic settlement of the Company's ordinary
shares when traded on AIM and the JSE(AltX) and to remain eligible
for continued admission to trading on those exchanges, which the
Board believes is essential to the interests of the Company and its
shareholders. If the Resolutions are not passed and the Company
does not participate in the Migration, all Participating Securities
in the Company will be required to be re-materialised into
certificated (i.e. paper) form and Shareholders and other investors
will no longer be able to settle trades in the Shares
electronically. This could materially and adversely impact on
trading and liquidity in the Shares as it would result in
significant delays for shareholders and investors wishing to sell
or acquire Shares in certificated (i.e. paper) form. It would also
put at risk the continued admission to trading and listing of the
Shares on AIM as the absence of electronic settlement of Shares
traded on AIM would mean that the Company would cease to meet the
eligibility criteria for admission to trading on AIM .
The circular, which includes the notice of the EGM, (the
"Circular") will be posted to those shareholders who have indicated
a preference to receive hard copies today. A Form of Proxy has will
also be dispatched by post to all shareholders today. The Board
strongly urges shareholders to review the contents of the Circular
in their entirety, including the documents referred to therein, and
to consider the Board's recommendation that shareholders vote in
favour of the Resolutions. This is particularly important as the
Company requires proxies representing two thirds of its ordinary
issued share capital and 75% of those voting to vote in favour of
the Resolutions in order for them to be carried.
The Circular, the Form of Proxy and copies of the documents
referred to in the Circular are available to view on the Company's
website, www.kibo.energy.and will be available for inspection
during normal working hours on any business day from the date of
this announcement until the EGM at the Registered Office of the
Company.
COVID-19 Guidelines
The well-being of our Shareholders and our people is a primary
concern for the Directors. We are closely monitoring the COVID-19
situation and any advice by the Government of Ireland in relation
to the pandemic. We will take all recommendations and applicable
law into account in the conduct of the EGM. However, the Board is
discouraging attendance at the EGM in person and we ask
Shareholders to submit their Form of Proxy to ensure they can vote
and be represented at the EGM.
The Company continues to monitor the impact of COVID-19 and any
relevant updates regarding the EGM, including any changes to the
arrangements outlined in the Circular, will be announced via a
Regulatory Information Service and will be available on
www.kibo.energy
All shareholders will be able to submit questions in advance of
the EGM in writing by email to the Company Secretary at
info@kibo.energy to be received no later than 5 p.m. on 18 February
2021. All correspondence should include sufficient information to
identify the shareholder on the Register of Members.
Terms used but not defined in this announcement have the same
meaning as set out in the Circular.
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014 ('MAR').
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 JSE Corporate and Designated
Adviser
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Claire Noyce +44 (0) 20 3764 Hybridan LLP Broker
2341
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Bhavesh Patel +44 20 3440 6800 RFC Ambrian Limited NOMAD on AIM
/
Stephen Allen
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Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media Relations
/ 1177 Ltd Adviser
Beth Melluish
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Johannesburg
29 January 2021
Corporate and Designated Adviser
River Group
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