Kibo Energy PLC Kibo Consents to the Migration of Ordinary Shares (6354R)
March 09 2021 - 5:15AM
UK Regulatory
TIDMKIBO
RNS Number : 6354R
Kibo Energy PLC
09 March 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: 09 March 2021
Kibo Consents to the Migration of its Ordinary Shares
to the Euroclear Bank Central Securities Depository
and
Migration of Participating Securities Expected to Take Effect on
15 March 2021
Kibo Energy PLC (the "Company") provides the following update in
relation to the migration of Irish corporate securities from CREST
to Euroclear Bank ("Migration") under the Migration of
Participating Securities Act 2019 ("2019 Act").
All resolutions necessary to facilitate participation of the
Company's ordinary shares in Migration were approved at the
extraordinary general meeting of the Company held on 22 February
2021 ("EGM").
In accordance with Resolution 1 approved at the EGM, the board
of directors of the Company has approved the Company giving its
consent to the migration of its ordinary shares to the Euroclear
Bank SA/NV central securities depository in accordance with the
Migration of Participating Securities Act 2019. The requisite
notifications in connection with the migration have also been made
by the Company to the Irish Companies Registration Office and
Euronext Dublin. The Company has now completed all necessary
actions required of it under the 2019 Act and the Migration
Guide.
Euronext Dublin has published a statement on the dedicated web
page relating to its obligations under the 2019 Act. This statement
can be found at the following link:
https://www.euronext.com/en/migration-csd-services-for-irish-securities-crest-euroclear-bank
This statement is to the effect that Migration under the 2019
Act is scheduled to proceed in accordance with the indicative
timetable which was previously communicated to the market, most
recently on 17 February 2021. In particular Euronext Dublin has
advised that the Live Date on which Migration is to take effect is
15 March 2021 and further that this date will be formally appointed
by Euronext Dublin as the Live Date for Migration on the evening of
Friday, 12 March 2021.
Accordingly, no change is anticipated in relation to the
timetable set out in the Company's EGM Circular in respect of
Migration.
The Company does not intend to issue any further updates on
Migration as it affects the Company before Migration, save to the
extent that there is a material change to the information
previously provided.
Defined terms used in this announcement have the same meaning as
set out in the Company's Circular to Shareholders dated 29 January
2021.
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 JSE Corporate and Designated
Adviser
------------------- ----------------------------
Claire Noyce +44 (0) 20 3764 Hybridan LLP Broker
2341
------------------ ------------------- ----------------------------
Bhavesh Patel +44 20 3440 6800 RFC Ambrian Limited NOMAD on AIM
/ Stephen
Allen
------------------ ------------------- ----------------------------
Isabel de +44 (0) 20 7236 St Brides Partners Investor and Media Relations
Salis / Beth 1177 Ltd Adviser
Melluish
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Notes
Kibo Energy PLC is a multi-asset, Africa and UK focused, energy
company positioned to address the acute power deficit, which is one
of the primary impediments to economic development in Sub-Saharan
Africa. To this end, it is the Company's objective to become a
leading independent power producer in the region.
Kibo is simultaneously developing three similar coal-fuelled
power projects: the Mbeya Coal to Power Project ('MCPP') in
Tanzania; the Mabesekwa Coal Independent Power Project ('MCIPP') in
Botswana; and the Benga Independent Power Project ('BIPP') in
Mozambique. By developing these projects in parallel, the Company
intends to leverage considerable economies of scale and timing in
respect of strategic partnerships, procurement, equipment, human
capital, execution capability / capacity and project finance.
Johannesburg
09 March 2021
Corporate and Designated Adviser
River Group
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END
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