MED Signs Term Sheet to Fund Power Projects

RNS Number : 5900P
Kibo Energy PLC
20 October 2021
 

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 October 2021

 

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

 

MED Signs Term Sheet to Fund the Development and Construction of Bordesley and Rochdale Reserve Power Projects

 

Kibo Energy PLC, the multi-asset energy development company, notes that its 55% subsidiary, MAST Energy Developments PLC ("MAST"), today announced that Close Leasing Ltd, a subsidiary of Close Brothers Group plc (the "Lender"), have offered facilities to MED to fund the development and construction of the Company's two owned Reserve Power projects currently in development, Bordesley and Rochdale (the "Projects").

The facilities are offered subject to the successful completion of due diligence (including legal, technical and financial) and other relevant regulatory checks and approvals.  Final details of the facilities will be confirmed at financial close.

**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

Broker

Bhavesh Patel / Stephen Allen

+44 20 3440 6800

RFC Ambrian Ltd

NOMAD on AIM

Isabel de Salis / Oonagh Reidy

info@stbridespartners.co.uk

St Brides Partners Ltd

Investor and Media Relations Adviser

 

Johannesburg

20 October 2021

Corporate and Designated Adviser

River Group

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