3rd Apr 2019 08:00
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")
Dated: 3 April 2019
Kibo Energy PLC ('Kibo' or the 'Company')
Update re SEPCOIII Strategic Development Agreement
Kibo Energy PLC ("Kibo" or the "Company"), the multi-asset, Africa focused energy company, announces that further to the announcement dated 11 December 2018, a final decision regarding the Strategic Development Agreement ('SDA') with SEPCOIII has not been made; discussions are ongoing. The Company looks forward to updating the market further in this regard in due course.
*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 |
Ben Tadd / Tom Curran | +44 (0) 20 3700 0093 | SVS Securities Limited | Joint Broker |
Jason Robertson | +44 (0) 20 7374 2212 | First Equity Limited | Joint Broker |
Andrew Thomson | +61 8 9480 2500 | RFC Ambrian Limited | NOMAD on AIM |
Isabel de Salis / Gaby Jenner | +44 (0) 20 7236 1177 | St Brides Partners Ltd | Investor and Media Relations Adviser |
Notes to editors
Kibo Energy PLC is a multi-asset energy company focused on progressing a diverse portfolio of advanced power generation and mining projects in Sub-Saharan Africa and the UK, utilising established international relationships with key development partners. It is simultaneously developing three coal-fuelled power projects in Africa: the Benga Independent Power Project in Mozambique; the Mabesekwa Coal Independent Power Project in Botswana; and the Mbeya Coal to Power Project in Tanzania. Additionally, the Company has a 60% interest in MAST Energy Developments Limited, a private UK registered company targeting the development and operation of flexible power plants to service the Reserve Power generation market.
Johannesburg
3 April 2019
Corporate and Designated Adviser
River Group
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