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Kibo Energy (KIBO) Share News

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

AIM WINNERS & LOSERS: CMO battles construction sector headwinds

8th Jan 2024 10:20

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

Kibo and Mast Energy still await Proventure joint-venture payment

8th Jan 2024 07:48

(Alliance News) - Mast Energy Developments PLC on Monday said its partner Proventure Holdings (UK) Ltd still has not made a partial initial interim payment required under their joint venture agreement. Read More

Joint-venture partner Proventure misses Mast Energy payment again

2nd Jan 2024 07:38

(Alliance News) - Mast Energy Developments PLC on Tuesday said partner Proventure Holdings (UK) Ltd missed the latest deadline to make a partial initial interim payment required under their joint venture agreement. Read More

Kibo unit Mast Energy extends deadline for JV payment after assurances

22nd Dec 2023 09:08

(Alliance News) - Mast Energy Developments PLC on Friday said it gave partner Proventure Holdings (UK) Ltd more time to make the initial interim payment of GBP2 million required under their joint venture agreement. Read More

EARNINGS AND TRADING: Smoove says acquisition by Digcom approved

15th Dec 2023 21:26

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

Mast Energy gets confirmation of GBP2 million initial JV payment

11th Dec 2023 08:14

(Alliance News) - Mast Energy Developments PLC on Monday said it has received "sufficient" verbal and written confirmation from joint venture partner Proventure Holdings (UK) Ltd, and other funders that the initial interim payment of GBP2 million will be paid between this coming Friday and Wednesday next week, subject to signature of definitive agreements. Read More

IN BRIEF: Kibo Energy faces stiff dissent at annual general meeting

7th Dec 2023 15:30

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says 35% of shareholders reject resolutions on allotted equity securities, memorandum of association, and the articles of association of the company at an annual general meeting held on Thursday. These motions do not reach the minimum threshold of 75%. Failure to win approval for the memorandum of association and the articles of association of the company means the company cannot be updated at the companies registration office to reflect the reduction in par value and the increase in the authorised capital. Says all other resolutions are approved as they exceeded the required threshold of 50%, with around 24% opposing the re-election of Non-Executive Director Ajay Saldanha. Read More

Mast Energy "very disappointed" as Proventure skips JV payments

1st Dec 2023 10:46

(Alliance News) - Mast Energy Developments PLC shares fell on Friday as it and Kibo Energy PLC said joint venture partner Proventure Holdings (UK) Ltd has failed to make payments needed to complete the deal. Read More

UK shareholder meetings calendar - next 7 days

30th Nov 2023 15:29

Mast Energy says Proventure delays GBP2.0 million initial payment

13th Nov 2023 12:14

(Alliance News) - Mast Energy Developments PLC said it had extended the date for Proventure Holdings (UK) Ltd to make initial payment of GBP2.0 million to between November 15 and November 30. Read More

IN BRIEF: Kibo Energy sells portion shares received from UK unit Mast

26th Oct 2023 09:08

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Sells a portion of shares it received from its subsidiary Mast Energy Developments PLC. Disposes of 20.3 million shares, netting GBP259,845. Says it will use the cash for its on-going working capital needs, and to reduce its bridge loan facility with RiverFort Global Opportunities PCC Ltd. The share sale comes after Mast Energy early this month issued 31.6 million new shares to Kibo to partially settle a loan. The share payment amounted to GBP469,000. Kibo now owns 48% of Mast Energy, down from 56%. Read More

Mast Energy signs definitive joint venture pact with Proventure

23rd Oct 2023 11:45

(Alliance News) - Mast Energy Developments PLC said on Monday it had signed a "replacement first definitive and binding joint venture agreement" with Proventure Holdings (UK) Ltd. Read More

IN BRIEF: Mast Energy offers new shares to partially settle Kibo loan

5th Oct 2023 11:07

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says its subsidiary Mast Energy Developments PLC has issued 31.6 million new shares to Kibo to partially settle a loan. The payment in the form of shares amounts to GBP469,000. Says the remaining outstanding shareholder loan owed by MED is now GBP762,535. Following the partial settlement, Kibo will hold 147.8 million shares, or 56.02% interest, in MED. Read More

IN BRIEF: Kibo Energy to sell stake in Botswana coal power project

4th Oct 2023 07:44

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Agrees to sell its 35% interest in Kibo Energy Botswana Pty to Shumba Energy (Pty) Ltd for USD375,000. Says the disposal of the remaining stake in the Botswana coal-based power project is part of its plan to divest of all its coal assets. Kibo Energy Botswana consists of the Mabasekwa coal to power project, which had a nil carrying value as at December 31 with an associated loss before tax of GBO3.56 million. Read More

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