Kibo Energy PLC Result of AGM (0758W)
08 December 2023 - 1:15AM
UK Regulatory
TIDMKIBO
RNS Number : 0758W
Kibo Energy PLC
07 December 2023
Kibo Energy PLC (Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
LEI Code: 635400WTCRIZB6TVGZ23
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
("Kibo" or "the Company")
7 December 2023
Kibo Energy PLC ('Kibo' or the 'Company')
Results of Annual General Meeting
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 21.51% of the shares in Kibo (3,779,866,683
ordinary shares issued and outstanding).
The proxy voting results at the AGM are shown in the table
below: -
Resolu-tion Summary Resolution Votes For & Votes *Votes
# Discretion Against Withheld
Number % Number % Number %
------------------------------- -------------- -------- ------------ ------- ------------ ------
To receive, consider
and adopt the accounts
for the year ended 31
December 2022 and the
Directors' and Auditor's
1. Reports thereon. 807,317,393 99.91 761,442 0.09 5,150,000 n/a
------------------------------- -------------- -------- ------------ ------- ------------ ------
To authorise the Directors
to fix the remuneration
2. of the Auditors 805,897,574 99.73 2,181,261 0.27 5,150,000 n/a
------------------------------- -------------- -------- ------------ ------- ------------ ------
To re-elect Noel O'Keeffe
3. as a Director. 737,318,477 91.25 70,660,358 8.75 5,250,000 n/a
------------------------------- -------------- -------- ------------ ------- ------------ ------
To re-elect Ajay Saldanha
4. as a Director. 615,832,241 76.22 192,146,594 23.78 5,250,000 n/a
------------------------------- -------------- -------- ------------ ------- ------------ ------
That the Directors be
and are hereby generally
and unconditionally
authorised to execute
all powers of the Company
5. to allot relevant securities. 527,220,477 64.84 285,858,358 35.16 150,000 n/a
------------------------------- -------------- -------- ------------ ------- ------------ ------
That the Directors be
and are hereby empowered
pursuant to Section
1023(3) of the Companies
Act, 2014 to allot equity
6. securities. 527,220,477 64.84 285,858,358 35.16 150,000 n/a
------------------------------- -------------- -------- ------------ ------- ------------ ------
That the Memorandum
of Association of the
7. Company be updated 527,220,477 64.84 285,858,358 35.16 150,000 n/a
------------------------------- -------------- -------- ------------ ------- ------------ ------
That the Articles of
Association of the Company
8. be updated. 527,220,477 64.84 285,858,358 35.16 150,000 n/a
------------------------------- -------------- -------- ------------ ------- ------------ ------
*A vote withheld is not a vote in law and is not counted in the calculation
of the proportion of votes "For" and "Against"
The Ordinary Resolutions 1, 2, 3, 4 & 5 were carried as
their vote exceeded the required threshold of 50% of proxies cast,
voting in favour. The Special Resolutions, 6, 7 and 8 were not
carried as they did not reach the minimum threshold of 75% of
proxies cast, voting in favour.
Shareholders should note that Special Resolutions 7 & 8 on
the Notice of AGM were matters for which approval was sought to
enable the Company to update the Company's Articles &
Memorandum of Association with the Companies Registration Office in
Ireland following a reduction in par value of the Company's shares
and an increase in the authorised capital of the Company previously
approved at a Company's EGM held on 2 June 2023 last ("EGM"). The
failure to carry these two resolutions means that the Company's
Memo & Articles of Association cannot be updated at the
Companies Registration Office to reflect the reduction in par value
and the increase in the authorised capital approved at the EGM and
which remain unaffected by the voting results today.
**ENDS**
For further information please visit www.kibo.energy or
contact:
Louis Coetzee info@kibo.energy Kibo Energy PLC Chief Executive
Officer
James Biddle +44 207 628 3396 Beaumont Cornish Nominated Adviser
Roland Cornish Limited
------------------------------ ----------------------- ------------------
Claire Noyce +44 20 3764 2341 Hybridan LLP Joint Broker
------------------------------ ----------------------- ------------------
Damon Heath +44 207 186 9952 Shard Capital Partners Joint Broker
LLP
------------------------------ ----------------------- ------------------
Zainab Slemang zainab@lifacommunications.com Lifa Communications Investor and
van Rijmenant Media Relations
Consultant
------------------------------ ----------------------- ------------------
Johannesburg
7 December 2023
Corporate and Designated Adviser
River Group
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END
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