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05:18pm	Police fire tear gas to disperse Benin wage protest	RE
Apr. 26	Philip Morris International Insider Sold Shares Worth $1,928,400, According to a Recent SEC Filing	MT

Kibo Energy faces stiff dissent at annual general meeting

December 07, 2023 at 10:32 am EST

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says 35% of shareholders reject resolutions on allotted equity securities, memorandum of association, and the articles of association of the company at an annual general meeting held on Thursday. These motions do not reach the minimum threshold of 75%. Failure to win approval for the memorandum of association and the articles of association of the company means the company cannot be updated at the companies registration office to reflect the reduction in par value and the increase in the authorised capital. Says all other resolutions are approved as they exceeded the required threshold of 50%, with around 24% opposing the re-election of Non-Executive Director Ajay Saldanha.

Current stock price in Johannesburg: 2.00 rand cents

12-month change: down 50%

Current stock price in London: 0.040 pence

12-month change: down 76%

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES AFRICA TITANS 50 INDEX	462 PTS	+1.81%	+1.69%	-
S&P AFRICA 40 INDEX	157.6 PTS	+3.21%	+3.26%	-
KIBO ENERGY PLC	0.0375 GBX	0.00%	+1.35%	2.01M

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