Appointment of Group Chief Financial Officer

RNS Number : 1791M
Kibo Energy PLC
20 May 2022
 

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: 20 May 2022

 

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

 

Appointment of Group Chief Financial Officer

 

Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy focused development company, announce s the appointment of Mr. Cobus van der Merwe as Group Chief Financial Officer with effect from the 1st June 2022.

 

Cobus  has over 10 years' experience in managerial and executive roles in the investment management and the energy, utilities and resources sectors. Most recently, Cobus held a Senior Management position at PricewaterhouseCoopers, servicing clients based in the United Kingdom, Ireland and Africa. Prior to this, he was Partner and Chair of the Investment Committee at PSG Wealth, where he  managed bespoke investment portfolios for high net-worth individuals. It was during this time that he gained extensive experience in capital raising and facilitating deal making. Cobus is a registered Chartered Accountant (South Africa).

 

Furthermore, the Company confirms that the current Group CFO, Mr. Pieter Krügel, has now been appointed as Chief Executive Officer of Mast Energy Developments ('MED'), from 1st of June 2022.

Louis Coetzee, CEO of Kibo Energy, comments: "On behalf of the Company, we are delighted to welcome Cobus to the team. His strong background in investment management for the energy and resource industries will play an integral role in delivering the Group's growth strategy.

 

I would also like to thank Pieter for his significant contribution to the Group as CFO over the last 4 years and look forward to continue working with him as part of the Kibo group in his new capacity as CEO of MED."

 

**ENDS**

 

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

 

Louis Coetzee

info@kibo.energy

Kibo Energy PLC

Chief Executive Officer

Andreas Lianos

+357 99 53 1107

River Group

JSE Corporate and Designated Adviser

Claire Noyce

+44 (0) 20 3764 2341

Hybridan LLP

Joint Broker

Damon Heath

+44 207 186 9952

Shard Capital Partners LLP

Joint Broker

Bhavesh Patel / Stephen Allen

+44 20 3440 6800

RFC Ambrian Ltd

NOMAD on AIM

Christopher Nicholson

energy@acfequityresearch.com

ACF Equity Research

Independent Equity Research House

Sewela Makgolane

sewela@lifacommunications.com

Lifa Communications

Investor and Media Relations Adviser

 

Johannesburg

20 May 2022

Corporate and Designated Adviser

River Group

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