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KIBO ENERGY PLC - Settlement of Outstanding Loan and Issue of Shares

Release Date: 20/05/2022 16:00
Code(s): KBO     PDF:  
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Settlement of Outstanding Loan and Issue of Shares

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”)

20 May 2022

                       Kibo Energy PLC (‘Kibo’ or the ‘Company’)

                   Settlement of Outstanding Loan and Issue of Shares

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development
company, has today issued 56,118,047 new Kibo Shares of €0.001 each (“the Settlement
Shares”) at a deemed issue price of £0.0016 per share (“Settlement Share Price”) to Sanderson
Capital Partners Limited (“Sanderson”) in full and final settlement of £89,788.88 of the total
remaining outstanding amount owing pursuant to the Forward Payment Facility (“the
Facility”) signed between Sanderson and the Company in December 2016.

The Settlement Share Price is the closing price of the Company shares on the AIM market of
the London Stock Exchange ("AIM") on 21 March 2022.

Total Voting Rights

As the Company is currently suspended, admission to trading on AIM will be delayed until
either the Company is readmitted, having published its new admission document, or the
suspension has been lifted. Following the issue of the Settlement Shares, the Company will
have 3,039,197,458 shares in issue.

Following the issues of the above shares, Sanderson will hold a 12.79% interest in the


This announcement contains inside information as stipulated under the Market Abuse
Regulations (EU) no. 596/2014 ("MAR").

For further information please visit or contact:

Louis Coetzee                Kibo Energy PLC            Chief Executive Officer

Andreas Lianos +357 99 53 1107                River Group                JSE Corporate and Designated Adviser

Claire Noyce +44 (0) 20 3764 2341             Hybridan LLP               Joint Broker

Damon Heath    +44 207 186 9952               Shard Capital Partners LLP Joint Broker

Bhavesh Patel / +44 20 3440 6800              RFC Ambrian Ltd            NOMAD on AIM
Stephen Allen

Sewela Lifa Communications         Investor and Media Relations Adviser

20 May 2022
Corporate and Designated Adviser
River Group

Date: 20-05-2022 04:00:00
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