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Kibo Energy (KIBO) Share News

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IN BRIEF: Kibo Energy names Cobus van der Merwe as chief executive

5th Jul 2024 07:41

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Appoints Cobus van der Merwe as an interim chief executive officer. Van der Merwe is the chief financial officer. Says Louis Coetzee retires as the CEO. These board changes are effective immediately and are partially completed. Notes that Clive Roberts will be appointed to the board in due course when regulatory approval is completed. Late last moth, Kibo named Roberts, a shareholder in Kibo, as a non-executive director and chair. Read More

Kibo Energy suspended from London's AIM; Mast Energy eyes acquisition

1st Jul 2024 11:51

(Alliance News) - Kibo Energy PLC said on Monday London's AIM temporarily has suspended trading in its shares on Monday for failing to publish accounts & admission of the placing shares by Sunday. Read More

IN BRIEF: Kibo Energy raises GBP350,000 through share placing

27th Jun 2024 12:21

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Conditionally raises GBP350,000 via a placing of 4.17 billion new shares at 0.0084 pence each. The entire placing has been raised through the investor Peter Sion Williams. The placing shares will be settled in two tranches, with 1.78 billion shares settling immediately. Says 2.38 billion shares will settle after shareholder at a general meeting to be held as soon as possible after settlement of tranche one. Read More

IN BRIEF: London's AIM to suspend Kibo Energy due accounts delay

25th Jun 2024 08:28

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Reports that London's AIM will suspend trading in its shares from Monday for failing to publish accounts & admission of the placing shares by Sunday. Says it is working "diligently" to have the accounts ready for publication at the end of July to early August. Read More

Kibo Energy chair & CEO to exit amid board shuffle and fundraise

20th Jun 2024 13:13

(Alliance News) - Kibo Energy PLC on Thursday said Interim Chair & Chief Executive Officer Louis Coetzee will step down and two new members will join the board as it tries to relaunch its restructuring plan. Read More

AIM WINNERS & LOSERS: Kibo Energy up as subsidiary advances project

13th Jun 2024 10:39

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More

IN BRIEF: Mast Energy says Pyebridge plant overhaul progressing well

13th Jun 2024 08:21

Mast Energy Developments PLC - developer of reserve power generation plants - Expects the first generator set at its 9-megawatt Pyebridge flexible power plant in Derbyshire to start commercial operations and revenue generation around end of this month, in line with the expected timeline. The second phase work programme to refurbish this first genset is progressing well, Mast says. Back in April, it had said the phase two work would be performed in separate consecutive tranches and was expected to take around six to eight weeks per genset. Read More

Kibo Energy changes tune on "extensive" corporate restructuring

12th Jun 2024 16:04

(Alliance News) - Kibo Energy PLC on Wednesday walked back the corporate restructuring plan, including a board overhaul and capital raise, it unveiled less than a week ago. Read More

IN BRIEF: Kibo Energy's joint broker Shard Capital Partners resigns

7th Jun 2024 20:12

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says Shard Capital Partners LLP resigns as joint broker Friday. Hybridan LLP and Global Investment Strategy UK Ltd remain as the company's brokers. Read More

LONDON MARKET CLOSE: FTSE 100 falls as US rate cut hopes take hit

7th Jun 2024 17:01

(Alliance News) - Stock prices in London closed lower on Friday, with hotter-than-expected US nonfarm payroll data shooting down hopes of interest rate cuts in the US. Read More

Kibo Energy shakes up board, issues shares and may delist from JSE

7th Jun 2024 08:16

(Alliance News) - Kibo Energy PLC on Friday announced a corporate restructuring that involves a board overhaul, capital raise and repositioning of the group. Read More

Kibo unit Mast Energy mulling options against joint venture partners

21st May 2024 08:45

(Alliance News) - Mast Energy Developments PLC said Tuesday it is considering various options after Proventure Holdings (UK) Ltd failed to "remedy" its "material breach" of the joint venture agreement. Read More

Mast Energy shares tumble after new share plan and loan deal

7th May 2024 09:20

Mast Energy Developments PLC said on Tuesday its Chief Executive Officer Pieter Krugel will partially settle GBP325,000 loan with RiverFort Global Opportunities PLC, the institutional lender, under a "reprofiling agreement". Read More

Mast Energy annual loss widens on Pyebridge plant setback, high costs

30th Apr 2024 10:53

(Alliance News) - Mast Energy Developments PLC on Tuesday reported that its annual loss worsened after its 9-megawatt Pyebridge flexible power generation plant ran into technical and market related challenges. Read More

IN BRIEF: Kibo unit Mast Energy passes satisfactory performance test

26th Apr 2024 08:30

Mast Energy Developments PLC - developer of reserve power generation plants - Receives official confirmation that its 9-megawatt Pyebridge flexible power plant has passed its "satisfactory performance days" requirements under its current existing T-1 capacity market contract. This means that Pyebridge will retain the current capacity market contract's associated annual gross profit margin income of GP308,000, which is paid and received monthly in arrears. Read More

IN BRIEF: Mast Energy finishes phase one work at Pyebridge plant in UK

11th Apr 2024 08:28

Mast Energy Developments PLC - developer of reserve power generation plants - Says phase one work programme at its 9-megawatt Pyebridge flexible power generation plant in Derbyshire, England is completed ahead of schedule. Plans to start second phase work programme shortly. Says the phase two will be performed in separate consecutive tranches and is expected to take around six to eight weeks per generator set. Notes the cost of the second phase will be funded under the new funding agreement it recently announced. Mast Energy signed an initial funding facility up to GBP4.0 million with RiverFort Global Opportunities PCC Ltd, earmarked for Pyebridge. Read More

IN BRIEF: Kibo unit Mast Energy inks new GBP4 million funding deal

28th Feb 2024 10:44

Mast Energy Developments PLC - London-based subsidiary of Kibo Energy PLC, a Galway, Ireland-based company with energy projects in Africa and the UK - Signs a funding agreement, with an initial funding facility up to GBP4.0 million, with RiverFort Global Opportunities PCC Ltd. RiverFort owns around 12% stake in in Kibo and Mast. Says initial funding will be used to lift its Pyebridge 9-megawatt flexible power generation asset out of care and maintenance. Says further funding of up to GBP4 million will be used to fund Pyebridge's overhaul work programme in order to achieve full generation. Read More

UK shareholder meetings calendar - next 7 days

2nd Feb 2024 16:06

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IN BRIEF: Kibo Energy makes "advancements" in green energy projects

16th Jan 2024 08:13

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says it has recently made "advancements" in developing sustainable energy solutions, though progress has been limited given constraints around funding. Back early in July, it said all funding activities were placed on hold due to delays as a result of "difficulties" at its extraordinary general meeting. A month earlier, Kibo had reported that five of a total of eight resolutions failed to reach the minimum threshold of 75% of the vote at an EGM. Read More

IN BRIEF: Kibo Energy pays part of loan via shares; director retires

11th Jan 2024 07:40

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Allots 500 million new shares to RiverFort Global Opportunities PCC Ltd, representing conversion of accrued fees and interest totalling GBP161,000. Says it now owes the outstanding balance of GBP1.1 million to RiverFort under the facility restatement agreement dated April 10, 2023. The original facility agreement was signed on February 16, 2022. Kibo has 3.8 billion shares in issue. Read More

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