Kibo Energy PLC Change of Name (6920W)
03 August 2018 - 4:01PM
UK Regulatory
TIDMKIBO
RNS Number : 6920W
Kibo Energy PLC
03 August 2018
Kibo Mining 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: 3 August 2018
Kibo Energy PLC ('Kibo' or the 'Company')
Change of Name
Kibo Energy PLC (AIM:KIBO; AltX:KBO), the multi-asset,
Africa-focused, energy company, is pleased to announce that the
change of name to Kibo Energy PLC has become effective immediately
on the AIM and the name change will follow the below timetable on
the JSE.
Last day to trade under current name Tuesday, 6 August 2018
List and trade under new name on JSE system Wednesday, 7 August 2018
Record date for JSE purposes Friday, 10 August 2018
CSDP's and brokers accounts updated Monday, 13 August 2018
Kibo would also like to confirm that no action is required by
shareholders and the share code on the AIM and JSE, CUSIP number,
as well as the ISIN and UK SEDOL will not change. The Company is
also in the process of updating its website and all other
communication platforms to reflect the name change.
With three power projects in development in Tanzania, Botswana
and Mozambique, the Company believes that its new name more
accurately reflects its strategy focused on building a leading
position in the African power market.
**ENDS**
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").
For further information please visit www.kibomining.com or
contact:
Louis Coetzee info@kibomining.com Kibo Energy PLC Chief Executive
Officer
Andreas Lianos +27 (0) 83 4408365 River Group Corporate and Designated
Adviser on JSE
-------------------- -------------------- -------------------------
Ben Tadd / Tom +44 (0) 20 3700 SVS Securities Joint Broker
Curran 0093 Limited
-------------------- -------------------- -------------------------
Jon Belliss +44 (0) 20 7399 Novum Securities Joint Broker
9400 Ltd
-------------------- -------------------- -------------------------
Andrew Thomson +61 8 9480 2500 RFC Ambrian Limited NOMAD on AIM
-------------------- -------------------- -------------------------
Isabel de Salis +44 (0) 20 7236 St Brides Partners Investor and Media
/ Priit Piip 1177 Ltd Relations Adviser
-------------------- -------------------- -------------------------
Notes to editors
Kibo Energy PLC is a multi-asset, Africa focussed, 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.
Additionally, the Company will benefit from its robust and
experienced international blue-chip partnership network across its
project portfolio, which includes: SEPCO III (China), General
Electric (USA); Tractebel Engineering (Belgium); Minxcon Consulting
(South Africa); ABSA / Barclays Africa); and Hogan Lovells
International LLP.
Johannesburg
3 August 2018
Corporate and Designated Adviser
River Group
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END
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