Kibo Energy PLC

AGM Information • Aug 24, 2020

National Storage Mechanism | Additional information

RNS Number : 9679W

Kibo Energy PLC

24 August 2020

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")

24 August 2020

Kibo Energy PLC ('Kibo' or the 'Company')

Results of EGM

Kibo Energy PLC (AIM: KIBO; AltX:KBO), the multi-asset, Africa-focused, energy company, announces the results of voting at an Extraordinary General Meeting ("EGM") held today. Proxies were received by shareholders holding 31.77% of the shares in Kibo (1,323,126,552 shares issued and outstanding). All Resolutions were carried by approximately 95% of proxy votes cast.

The proxy voting details at the EGM are shown on the table below: -

Resolution #	Summary Resolution	Votes For & Discretion		Votes Against			Votes Withheld
		Number	%	Number	%	Number		%
---	---	---	---	---	---	---	---	---	---
1.	To increase authorised share capital of the Company	399,078,081	94.93	21,289,659	5.06	40,687		0.01
2.	To amend the share capital clause of the Memorandum of Association following the increase in authorised share capital	399,078,081	94.93	21,289,659	5.06	40,687		0.01
3.	To amend the share capital clause of the Articles of Association following the increase in authorised share capital.	399,078,081	94.93	21,289,659	5.06	40,687		0.01

**ENDS**

For further information please visit www.kibo.energy or contact:

Louis Coetzee	info@kibo.energy	Kibo Energy PLC	Chief Executive Officer
Andreas Lianos	+27 (0) 83 4408365	River Group	Corporate and Designated Adviser on JSE
Philip Adler	+44 (0) 20 7392 1494	ETX Capital Limited	Broker
Bhavesh Patel/Stephen Allen	+44 20 3440 6800	RFC Ambrian Limited	NOMAD on AIM
Charlotte Page/Beth Melluish	+44 (0) 20 7236 1177	St Brides Partners Ltd	Investor and Media Relations Adviser

Notes

Kibo Energy PLC is a multi-asset, Africa focused, 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 has a 60% interest in MAST Energy Developments Limited ('MED'), a private UK registered company targeting the development and operation of flexible power plants to service the UK Reserve Power generation market.

Johannesburg

24 August 2020

Corporate and Designated Adviser

River Group

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMEANPLAASEEEA