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Results of AGM and Repositioning

30 July 2018

 

Kibo Mining PLC (AIM: KIBO; AltX:KBO), the multi-asset, Africa-focused, energy company, is pleased to announce that all resolutions were duly passed at its Annual General Meeting (“AGM”) held today. The AGM was attended in person and by proxy by shareholders holding approximately 38% of the shares in Kibo (624,792,973 shares  issued and  outstanding at the time of the AGM).

Included amongst the passed resolutions (specifically Resolution 8 – see Table below), the Company is pleased to announce that the change of name to Kibo Energy Public Limited Company (“Kibo Energy PLC” or “Kibo Energy”) has been approved by shareholders and will become effective upon receipt of confirmation of name change from the Registrar of Companies (“Receipt”). Trading in the Company’s shares under the new name is anticipated to take effect from the day following Receipt, with both to be announced in due course. The Company’s TIDM will remain KIBO.

With three power projects in development in Tanzania, Botswana and Mozambique, the Company believes that the new name, Kibo Energy completes the Company’s transformation from a resources company to a full-fledged energy company, positioning itself as a strategic and leading energy provider in sub-Sahara Africa.

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Results of AGM and Repositioning

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AIM Share Price
(Ticker: KIBO)
4.70p Change +0.05p
at close on 17 Aug 2018

JSE Share Price
(Ticker: KBO)
95.00c Change +10.00c
at close on 17 Aug 2018

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