Kibo Energy agrees to buy Carbon Resilience in reverse takeover
(Alliance News) - Kibo Energy PLC said on Wednesday it has agreed to acquire Carbon Resilience Pte Ltd from FA SPC Real Asset Income Ltd for USD135 million. Read More
(Alliance News) - Kibo Energy PLC said on Wednesday it has agreed to acquire Carbon Resilience Pte Ltd from FA SPC Real Asset Income Ltd for USD135 million. Read More
Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says it is unlikely to publish its financial statements to December 31, 2024 by June 30 in line with the AIM market rules. Kibo said said last month it was at an "advanced" stage in its assessment of potential projects. Kibo is a cash shell and must acquire an asset in line with the reverse takeover rules of the AIM market in London. Its shares are suspended from trading on AIM. The Johannesburg Stock Exchange has determined that there is no basis to suspend trading in Kibo's shares at this stage. Read More
Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says it it is at an "advanced" stage in its assessment of potential projects. Kibo is a cash shell and must acquire an asset in line with the reverse takeover rules of the AIM market in London. Its shares are suspended from trading on AIM from Monday as it hasn't met the six month deadline for this. The Johannesburg Stock Exchange has determined that there is no basis to suspend trading in Kibo's shares at this stage. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced this week and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
(Alliance News) - Kibo Energy PLC on Tuesday returned to the London Stock Exchange's AIM after suspension as the cash shell recorded a narrowed loss following an "extensive" restructuring. Read More
(Alliance News) - Kibo Energy PLC said on Monday it expects the suspension of its shares to be lifted now that it has released its financial results. Read More
(Alliance News) - Kibo Energy PLC on Tuesday said it has terminated its bid to acquire a portfolio of renewable energy projects across Europe and Africa from Swiss-registered ESGTI AG for EUR400 million, citing time constraints. Read More
Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says its shareholders have approved its proposed acquisition of renewable energy projects across Europe and Africa from Swiss-registered ESGTI AG for EUR400 million. Kibo asked its shareholders to vote on the deal at an extraordinary general meeting on Friday. Read More
Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Sells remaining 19.5% interest in Mast Energy Developments PLC to shareholder and creditor RiverFort Global Opportunities PCC Ltd to partially settle a loan of GBP462,871. Sells 83.2 million Mast shares for GBP120,074, 0.14 pence per share, reducing the outstanding balance on the RiverFort loan to GBP342,797. RiverFort owns around a 3.3% shareholding in Kibo. Read More
Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Signs an agreement to dispose of its wholly owned Cyprus subsidiary Kibo Mining (Cyprus) Ltd. This disposal is one of the conditions after Kibo agreed to acquire a diverse portfolio of renewable energy projects across Europe and Africa from Swiss-registered ESGTI AG for EUR400 million, or around ZAR7.86 billion. Says it will seek shareholder approval for the disposal at a general meeting. Read More
(Alliance News) - Kibo Energy PLC said on Monday it has inked a binding term sheet to acquire a diverse portfolio of renewable energy projects across Europe and Africa from Swiss-registered ESGTI AG for EUR400 million, or around ZAR7.86 billion. Read More
Mast Energy Developments PLC - developer of reserve power generation plants - Reports that first refurbished 2.7-megawatt generator set, or genset, at its Pyebridge flexible power plant generated revenue amounting to GBP66,000 in July, up 16% from GBP57,000 previously reported following receipt of imbedded benefits. Preliminary revenue for August is GBP46,000 before receipt of imbedded benefits. Read More
(Alliance News) - Mast Energy Developments PLC reported on Friday that it reduced its interim loss as the company carried out maintenance and refurbishment at its Pyebridge power plant. Read More
(Alliance News) - FTSE Russell on Friday said a number of companies will be removed from the FTSE Russell Index after being suspended for 40 business days without an indication of resumption. Read More
Mast Energy Developments PLC - developer of reserve power generation plants - Starts to refurbish its second generator set, or genset, at its Pyebridge flexible power plant in Derbyshire, England. Says RiverFort Global Opportunities PCC Ltd has agreed to provide GBP1.1 million to fund this second genset overhaul, as part of a third advance against the project finance agreement. In February, RiverFort committed to an initial funding facility up to GBP4.0 million. Read More
Mast Energy Developments PLC - developer of reserve power generation plants - Says its first refurbished generator set, or genset, achieves GBP56,689 in revenue in first month of its operation at its Pyebridge flexible power plant in Derbyshire, England. The refurbished genset started commercial operation on July 1. Mast says it has carefully monitored the refurbished genset to ensure optimal performance. Read More
Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Converts GBP263,334 of debt into equity at a 0.0084 pence per share. Of this, Non-Executive Director Clive Roberts is issued 1.62 billion shares for a GBP136,088 loan. In addition, former CEO Louis Coetzee converts GBP243,244 in outstanding remuneration to shares at the same price. Read More