Source - LSE Regulatory
RNS Number : 9114P
Kibo Energy PLC
22 February 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: 22 February 2021

 

Result of Extraordinary General Meeting

 

Dublin, Ireland, 22 February 2021 - Kibo Energy plc (LSE: KIBO, Alt(x) KBO), the multi-asset, Africa & UK focused energy company, announces that each of the resolutions proposed at the Extraordinary General Meeting of the Company, held earlier today, were passed. 

 

The full text of each resolution was included in the Notice of Extraordinary General Meeting of the Company, circulated to shareholders on 29 January 2021. The resolutions relate to the replacement of CREST with Euroclear Bank for electronic settlement of trading in the ordinary shares of the Company.

 

Voting on the resolutions was conducted by poll, and the details of the poll vote are set out below:

 


Votes for

%

Votes Against

%

Votes Total

% of ISC Voted

Votes Withheld

Resolution 1: Shareholders Consent to Migration

798,772,784

99.97

52,398

0.01

799,024,983

35.8

199,801

Resolution 2: Approval and Adoption of New Articles of Association of the Company

798,816,284

99.97

8,898

0.00

799,024,983

35.8

199,801

Resolution 3: to give effect to aspects of the Migration

798,816,284

99.97

8,898

0.00

799,024,983

35.8

199,801

 

Notes

1. Any proxy appointments which gave discretion to the Chair have been included in the "votes for" total.

2. A "Vote Withheld" is not a valid vote in Irish law and was not counted in the calculation of the proportion of the votes "For" or "Against" a resolution.

 

End

 

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

Claire Noyce

+44 (0) 20 3764 2341

Hybridan LLP

Broker

Bhavesh Patel / Stephen Allen

+44 20 3440 6800

RFC Ambrian Limited

NOMAD on AIM

Isabel de Salis / Beth Melluish

+44 (0) 20 7236 1177

St Brides Partners Ltd

Investor and Media Relations Adviser

 

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

22 February 2021

Corporate and Designated Adviser

River Group

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