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")
30 September 2021
Kibo Energy PLC ('Kibo' or the 'Company')
Results of AGM
Kibo Energy PLC (AIM: KIBO; AltX:KBO), the renewable energy focused development company, announces the results of voting at its Annual General Meeting ("AGM") held today. Proxies were received by shareholders holding 12% of the shares in Kibo (2,475,348,737 shares issued and outstanding). Prior to the AGM Mr. Maree and Mr. Kerremans advised the Board that they were withdrawing their candidacy for re-election as directors. Consequently Resolutions 3 and 4 on the Notice of AGM were withdrawn by the Chairman. All the other Resolutions were carried.
The remaining directors would like to thank both Mr. Maree and Mr. Kerremans and express the Board's gratitude for the hard work and commitment of each of them to Kibo over the last number of years.
The proxy voting details at the AGM are shown on the table below: -
| Resolu-tion # | Summary Resolution | Votes cast For & With Discretion | Votes cast Against | Votes Withheld | |||
| | | Number | % | Number | % | Number | |
| 1. | To receive, consider and adopt the accounts for the year ended 31 December 2020 and the Directors' and Auditor's Reports thereon. |
301,176,876
| 99.99 | 9,319 | 0.01 | 11,063,059 | |
| | | | | | | | |
| 2. | To authorise the Directors to fix the remuneration of the auditors. | 301,186,195 | 100 | 0 | 0.00 | 11,063,059 | |
| Resolutions 3 & 4 were withdrawn | |||||||
| | | | | | | | |
| 5. | That the Directors be and are hereby generally and unconditionally authorised to exercise all powers of the Company to allot relevant securities. |
300,331,049
| 99.93 | 225,146 | 0.07 | 11,693,059 | |
| | | | | | | | |
| 6. | That the Directors be and are hereby empowered pursuant to Section 1023(3) of the Companies Act, 2014 to allot equity securities. |
300,461,049
| 99.93 | 225,146 | 0.07 | 11,563,059 | |
**ENDS**
For further information please visit www.kibo.energy or contact:
| Louis Coetzee | Kibo Energy PLC | Chief Executive Officer | |
| Andreas Lianos | +357 99 53 1107 | River Group | Corporate and Designated Adviser on JSE |
| Claire Noyce | +44 (0) 20 3764 2341 | Hybridan LLP | Broker |
| Bhavesh Patel / Stephen Allen | +44 (0) 20 3440 6800 | RFC Ambrian Limited | NOMAD on AIM |
| Isabel de Salis / Oonagh Reidy |
| St Brides Partners Ltd | Investor and Media Relations Adviser |
Johannesburg
30 September 2021
Corporate and Designated Adviser
River Group
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