TIDMKIBO

RNS Number : 5680N

Kibo Energy PLC

30 September 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")

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 Consequently Resolutions 3 and 4 on the Notice of AGM were withdrawn by the Chairman.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         Votes cast Against     Votes Withheld 
      #                                            & With Discretion 
                                                    Number         %        Number        %          Number 
              --------------------------------  --------------  ------  -------------  ------  ----------------- 
               To receive, consider 
                and adopt the accounts 
                for the year ended 31 
                December 2020 and the 
                Directors' and Auditor's 
     1.         Reports thereon.                   301,176,876   99.99      9,319       0.01       11,063,059 
              --------------------------------  --------------  ------  -------------  ------  ----------------- 
 
               To authorise the Directors 
                to fix the remuneration 
     2.         of the auditors.                 301,186,195      100         0         0.00       11,063,059 
------------  --------------------------------  --------------  ------  -------------  ------  ----------------- 
                                        Resolutions 3 & 4 were withdrawn 
 
               That the Directors be 
                and are hereby generally 
                and unconditionally authorised 
                to exercise all powers 
                of the Company to allot 
     5.         relevant securities.               300,331,049   99.93     225,146      0.07       11,693,059 
              --------------------------------  --------------  ------  -------------  ------  ----------------- 
 
               That the Directors be 
                and are hereby empowered 
                pursuant to Section 1023(3) 
                of the Companies Act, 
                2014 to allot equity 
     6.         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     info@kibo.energy             Kibo Energy         Chief Executive 
                                                PLC                 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    +44 (0) 20 3440 6800         RFC Ambrian         NOMAD on AIM 
  / Stephen                                     Limited 
  Allen 
                  ---------------------------  ------------------  --------------------------------- 
 Isabel de        info@stbridespartners.co.uk  St Brides Partners  Investor and Media Relations 
  Salis / Oonagh                                Ltd                 Adviser 
  Reidy 
                  ---------------------------  ------------------  ---------------------------------

Johannesburg

30 September 2021

Corporate and Designated Adviser

River Group

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END

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