Kibo Energy PLC – Issue of Shares June 18, 2020 – Posted in: Kibo Energy (KIBO) – Tags: Issue of Shares, Kibo Energy (KIBO)

18th June, 2020

Kibo Energy PLC (‘Kibo’ or the ‘Company’)

Issue of Shares in lieu of payment to Service Providers & Contractors

Kibo Energy PLC (“Kibo” or the “Company”), the multi-asset, Africa focused, energy company announces the issue of 22,218,000 Ordinary Shares of €0.001 in the capital of the Company in payment of various service invoices to certain providers of professional and technical consulting services (“Contractor Shares”). Details of the Contractor Shares are outlined below.

Table 1: Issue of Contractor Shares

Total Voting Rights

Application will be made for the Contractor Shares (the “Shares”) to be admitted to trading on AIM and the JSE AltX markets. Trading in the Shares is expected to commence on AIM and the JSE on or around 26 June 2020 (‘Admission’). Following Admission, the Company will have 1,294,490,188 shares in issue. The foregoing figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 (“MAR”).

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