Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Converts £263,334 of debt into equity at a 0.0084 pence per share. Of this, Non-Executive Director Clive Roberts is issued 1.62 billion shares for a £136,088 loan. In addition, former CEO Louis Coetzee converts £243,244 in outstanding remuneration to shares at the same price.

As part of its placing of 4.17 billion new shares at the same 0.0084p price, Kibo issues 2.38 billion shares in tranche two. Tranche one has been settled. Raises £350,000 in total from investor Peter Sion Williams. The 4.17 billion shares that Williams now will hold represent a 28% stake.

Stock price in Johannesburg: 0.01 rand cent

12-month change: down 50%

Stock price in London: 0.013 pence

12-month change: down 74%

Copyright 2024 Alliance News Ltd. All Rights Reserved.