Holding(s) in Company

RNS Number : 8190U

Kibo Mining Plc

21 October 2010

 

KIBO MINING PLC

Holding in Company

Dated: 21 October 2010

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1.             Identity of the issuer or the underlying issuer of existing shares to

               which voting rights are attached:

               KIBO Mining PLC

2.             Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights:	a
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached:	-
An event changing the breakdown of voting rights:	-
Other (please specify):	-

3.             Full name of person(s) subject to the notification obligation:

               City Equities Limited

4.       Full name of shareholder(s) (if different from 3.):

               N/A

5.             Date of the transaction (and date on which the threshold is crossed

               or reached if different):

               1 October 2010 (Placing participation)

               20 October 2010 closing of transaction

6.             Date on which issuer notified:

               21 October 2010

 
7.       Threshold(s) that is/are crossed or reached:

               Above 3% to below 3%

8.             Notified details

               A. Voting rights attached to shares:

Class/type of shares  if possible using the ISIN CODE	Situation previous to the Triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights viii	Number of shares	Number of voting rights ix		% of voting rights
			Direct	Direct  x	Indirect xi	Direct	Indirect
IE00B61XQX41	10,000,000	10,000,000	Nil	Nil	Nil	Nil	Nil

               B. Qualifying Financial Instruments:

               Resulting situation after the triggering transaction:

Type of	Expiration	Exercise/	Number of voting	% of voting
financial	date	Conversion	rights that may be	rights
instrument		Period/Date	acquired if the
			instrument is exercised/
			converted

               C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

               Resulting situation after the triggering transaction:

Type of	Exercise	Expiration	Exercise/	Number of voting	% of voting
financial	price	date	Conversion	rights instrument	rights
instrument			period	refers to
					Nominal	Delta

               Total (A+B+C)

               Number of voting rights                                          % of voting rights

               Nil                                                                        Nil

9.             Chain of controlled undertakings through which the voting rights and/

               or the financial instruments are effectively held, if applicable:

               N/A

Proxy Voting

10.           Name of the proxy holder:                                      n/a

11.           Number of voting rights proxy                                n/a

               holder will cease to hold:

12.           Date on which proxy holder                                    n/a

               will cease to hold voting

               rights:

 
13.     Additional information:

Shares acquired in the Company's Placing, announced 1 October 2010. Shares have been sold to certain clients, with City Equities Limited acting as Principal.

14.           Contact name:                                        Kevin Wallace

15.           Contact telephone number:                      020 7489 5562

Enquiries:

Noel O'Keeffe	[phone]	Kibo Mining plc	Managing Director
John Simpson	020 7776 6550	Daniel Stewart & Company Plc	Nominated Adviser
Fiona Kinghorn / Nick Bealer	020 7448 9820	Alexander David Securities Limited	Joint Broker
Anthony Kluk	020 7628 1128	Loeb Aron & Company Limited	Joint Broker

Updates on the Company's activities are regularly posted on its website www.kibomining.com

 

END

 

 

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