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')
Dated: 20 February 2024
Kibo Energy PLC ('Kibo' or the 'Company')
Kibo Subsidiary Announces
TR-1 Notification of Major Shareholdings
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable
energy-focused development company, announces a TR-1 Notification
by its subsidiary Mast Energy Developments PLC ('MED'), a UK-based
multi-asset owner, developer and operator in the rapidly growing
flexible power market.
The proceeds from the disposal of the MED
shares amounting to approximately £20,860 have been used to reduce the outstanding
balance on the Company's reprofiled bridge loan facility with
RiverFort Global Opportunities PCC Ltd. (refer Kibo RNS
announcements of 11 and 26 April 2023).
Further details can be found in the full MED
announcement, which is available below and at
med.energy:
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Dated: 20 February 2024
TR-1: Standard form for notification of major
holdings
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NOTIFICATION OF
MAJOR HOLDINGS (to be sent to the relevant issuer
and to the FCA in Microsoft Word format if
possible)
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1a. Identity of the
issuer or the underlying issuer of existing shares to which voting
rights are attached:
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Mast Energy Developments
PLC
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1b.
Please indicate if the issuer is a non-UK issuer
(please mark with an "X" if
appropriate)
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2. Reason for the
notification (please mark the appropriate box or boxes with
an "X")
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An acquisition or disposal of voting rights
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X
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An acquisition or disposal of financial
instruments
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An event changing the breakdown of voting rights
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Other (please specify):
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3. Details of person
subject to the notification obligation
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Name
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Kibo Mining (Cyprus) Limited
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City and country of registered office (if
applicable)
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Limassol Cyprus
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4. Full name of
shareholder(s) (if different from 3.)
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Name
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City and country of registered office (if
applicable)
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5. Date on which the
threshold was crossed or reached:
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19/02/24
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6. Date on which issuer notified (DD/MM/YYYY):
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19/02/24
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7. Total positions of
person(s) subject to the notification obligation
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% of voting rights
attached to shares (total of 8. A)
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% of voting rights through
financial instruments (total of 8.B 1 + 8.B 2)
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Total of both in % (8.A +
8.B)
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Total number of voting rights held in issuer (8.A +
8.B)
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Resulting situation on the date on which threshold was
crossed or reached
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35.80%
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35.80%
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94,461,746
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Position of previous notification (if
applicable)
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37.70%
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37.70%
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8. Notified details
of the resulting situation on the date on which the threshold was
crossed or reached
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A: Voting rights
attached to shares
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Class/type of
shares
ISIN code (if possible)
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Number of voting
rights
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% of voting
rights
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Direct
(DTR5.1)
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Indirect
(DTR5.2.1)
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Direct
(DTR5.1)
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Indirect
(DTR5.2.1)
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GB00BMBSCV12
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94,461,746
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35.80%
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SUBTOTAL 8.
A
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94,461,746
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B 1: Financial
Instruments according to DTR5.3.1R (1) (a)
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Type of financial
instrument
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Expiration
date
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Exercise/ Conversion
Period
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Number of voting
rights that may be acquired if the instrument is
exercised/converted.
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% of voting
rights
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SUBTOTAL 8. B
1
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B 2: Financial
Instruments with similar economic effect according to DTR5.3.1R (1)
(b)
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Type of financial
instrument
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Expiration
date
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Exercise/ Conversion
Period
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Physical or
cash
Settlement
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Number of voting
rights
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% of voting
rights
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SUBTOTAL
8.B.2
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9. Information in
relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
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Person subject to the notification obligation is not
controlled by any natural person or legal entity and does not
control any other undertaking(s) holding directly or indirectly an
interest in the (underlying) issuer
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Full chain of controlled
undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the
ultimate controlling natural person or legal entity (please add additional rows as necessary)
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X
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Name
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% of voting rights if it equals or is higher
than the notifiable threshold
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% of voting rights through financial
instruments if it equals or is higher than the notifiable
threshold
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Total of both if it equals or is higher than
the notifiable threshold
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Kibo Energy PLC
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Kibo Mining (Cyprus) Limited
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35.80%
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35.80%
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10. In case of proxy
voting, please identify:
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Name of the proxy holder
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The number and % of voting rights held
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The date until which the voting rights will be
held
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11. Additional
information
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Place of
completion
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Limassol, Cyprus
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Date of
completion
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19/02/24
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For further information please visit
www.med.energy
or contact:
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Pieter Krügel
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info@med.energy
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Mast Energy Developments
PLC
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CEO
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Jon Belliss
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+44 (0)20 7399 9425
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Novum Securities
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Corporate Broker
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**ENDS**
For further information please visit
www.kibo.energy or
contact:
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Louis Coetzee
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info@kibo.energy
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Kibo Energy PLC
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Chief Executive Officer
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James Biddle
Roland Cornish
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+44 207 628 3396
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Beaumont Cornish Limited
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Nominated Adviser
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Claire Noyce
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+44 20 3764 2341
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Hybridan LLP
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Joint Broker
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Damon Heath
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+44 207 186 9952
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Shard Capital Partners
LLP
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Joint Broker
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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
20 February 2024
Corporate and Designated Adviser
River Group