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: 30 May 2024
Kibo Energy PLC ('Kibo' or the 'Company')
Kibo Subsidiary Announces AGM
Results
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable
energy-focused development company, announces the results of the
AGM held today of its subsidiary Mast Energy Developments PLC
('MED'), a UK-based multi-asset owner, developer and operator in
the rapidly growing flexible power market.
Further details can be found in the full MED
RNS Announcement, which is available below and at
med.energy.
-------------------------
30
May 2024
Mast Energy Developments
PLC
Results of Annual General
Meeting
Mast Energy Developments PLC ("MED"
or "the Company") the UK-based multi-asset
operator in the rapidly growing Reserve Power
market, announces the results of voting at
its Annual General Meeting ("AGM") held today.
Proxies were received by
shareholders holding 61.45% of the shares
in MED (426,354,067 shares issued and outstanding). All Resolutions
were carried.
The proxy voting details at the AGM are
shown on the table
below:
Resolution
#
|
*Summary
Resolution
|
Votes cast For
&
With
Discretion
|
Votes cast
Against
|
Votes
Withheld
|
|
|
Number
|
%
|
Number
|
%
|
Number
|
1.
|
To receive and adopt the accounts
and reports for the financial year ended 31 December 2023.
|
261,871,936
|
99.96
|
113,885
|
0.04
|
0
|
2.
|
To appoint Crowe UK LLP as auditors
of the Company and to authorise the directors to determine their
remuneration
|
261,871,936
|
99.96
|
113,885
|
0.04
|
0
|
3.
|
To re-elect Mr Dominic Traynor as a
Director of the Company
|
254,261,936
|
97.06
|
7,713,885
|
2.94
|
10,000
|
4.
|
THAT the Directors be, and they are
hereby generally and unconditionally authorised to exercise all
powers of the Company to allot relevant securities
|
260,210,634
|
99.32
|
1,775,187
|
0.68
|
0
|
5.
|
THAT the Directors be, and they are
hereby empowered pursuant to Section 570 of the Act to allot equity
securities
|
260,200,634
|
99.32
|
1,785,187
|
0.68
|
0
|
* The full text of the
Resolutions can be found on the Notice of AGM on the MED
website at:
https://med.energy/wp-content/uploads/2022/04/MED-2024-Notice-of-AGM-Final.pdf
|
ENDS
This announcement contains inside information for the purposes
of the UK version of the Market Abuse Regulation (EU No. 596/2014)
as it forms part of United Kingdom domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('UK MAR'). Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
For further information please
visit www.med.energy or contact:
Pieter Krügel
|
info@med.energy
|
Mast Energy Developments
PLC
|
CEO
|
Jon Belliss
|
+44 (0)20 7399 9425
|
Novum Securities
|
Corporate Broker
|
_______________________
**ENDS**
For further information please visit
www.kibo.energy or
contact:
Louis Coetzee
|
info@kibo.energy
|
Kibo Energy PLC
|
Chief Executive Officer
|
James Biddle Roland
Cornish
|
+44 207 628 3396
|
Beaumont Cornish Limited
|
Nominated Adviser
|
Claire Noyce
|
+44 20 3764 2341
|
Hybridan LLP
|
Joint Broker
|
Damon Heath
|
+44 207 186 9952
|
Shard Capital Partners
LLP
|
Joint Broker
|
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
30 May 2024
Corporate and Designated Adviser
River Group