Kibo Energy plc, the multi-asset Africa-focused energy company, notes from the news story published on the Financial Conduct Authority (FCA) website on 5 August 2019 that the directors of SVS Securities Plc (SVS) have placed SVS into Special Administration.
The FCA's announcement disclosed that the FCA has imposed requirements requiring SVS to cease all regulated activities and restricting it from disposing of its own or its clients' assets. SVS were a joint broker to Kibo however as a result of these developments SVS will no longer be able to provide broking services to Kibo.
First Equity Limited will continue to act as sole broker to Kibo Energy.
Read the article online at: https://www.worldcoal.com/power/06082019/kibo-energy-provides-an-update-on-broker/