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Kibo announces name change

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World Coal,

All resolutions were reportedly passed at Kibo Mining PLC’s Annual General Meeting (AGM) held yesterday. The AGM of the multi-asset, Africa-focused, energy company was attended in person and by proxy by shareholders holding approximately 38% of the shares in Kibo (624 792 973 shares  issued and  outstanding at the time of the AGM).

One of the key resolutions that was passed was the company’s change of name to Kibo Energy Public Limited Company (Kibo Energy PLC or Kibo Energy). This has been approved by shareholders and is to become effective upon receipt of confirmation of name change from the Registrar of Companies. Trading in the company’s shares under the new name is anticipated to take effect from the day following Receipt, with both to be announced in due course. The company’s TIDM will remain KIBO.

The company believes that the new name, Kibo Energy completes the company’s transformation from a resources company to a full-fledged energy company, positioning itself as a strategic and leading energy provider in sub-Sahara Africa.

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