Kibo Energy PLC Update on MED Definitive and Binding JVA (6433H)

TIDMKIBO

RNS Number : 6433H

Kibo Energy PLC

31 July 2023

Kibo Energy PLC (Incorporated in Ireland)

(Registration Number: 451931)

(External registration number: 2011/007371/10)

LEI Code: 635400WTCRIZB6TVGZ23

Share code on the JSE Limited: KBO

Share code on the AIM: KIBO

ISIN: IE00B97C0C31

('Kibo' or 'the Company')

Dated: 31 July 2023

Kibo Energy PLC ('Kibo' or the 'Company')

Kibo Subsidiary Mast Energy Developments ("MED"): Update on Definitive and Binding Joint Venture Agreement

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable-energy-focused development company notes the expected date for completion of the MED transaction, as notified on 12 July 2023, was 28 July 2023. The Company understands that MED is working to finalise this as soon as practicable.

**ENDS**

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

 
 Louis Coetzee     info@kibo.energy                Kibo Energy PLC          Chief Executive 
                                                                             Officer 
 James Biddle      +44 207 628 3396                Beaumont Cornish         Nominated Adviser 
  Roland Cormish                                    Limited 
                  ------------------------------  -----------------------  ---------------------- 
 Claire Noyce      +44 20 3764 2341                Hybridan LLP             Joint Broker 
                  ------------------------------  -----------------------  ---------------------- 
 Damon Heath       +44 207 186 9952                Shard Capital Partners   Joint Broker 
                                                    LLP 
                  ------------------------------  -----------------------  ---------------------- 
 Zainab Slemang    zainab@lifacommunications.com   Lifa Communications      Investor and Media 
  van Rijmenant                                                              Relations Consultant 
                  ------------------------------  -----------------------  ----------------------

Johannesburg

31 July 2023

Corporate and Designated Adviser

River Group

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July 31, 2023 02:00 ET (06:00 GMT)

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