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May. 03	Why will global powers be watching Chad's election?	RE
May. 03	FTSE 100 gets boost as investors eye rate cuts	AN

Mast Energy Developments shareholder provides loan

December 15, 2023 at 04:40 pm EST

Mast Energy Developments PLC - London-based subsidiary of Kibo Energy PLC, a Galway, Ireland-based company with energy projects in Africa and the UK - Announces that Paulus Fillippus Venter, a non-executive director and significant shareholder, has provided MED with a director loan amounting to GBP81,329. The proceeds of the loan will be used for MED's working capital requirements. In order to fund the loan, Venter has sold 14.0 million shares of his total holding of 17.7 million. No fixed term of repayment while interest shall accrue at 7% per annum.

Current stock price: 0.63 pence, down 10.0%

12-month change: down 73%

By Jeremy Cutler, 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	466.4 PTS	+1.36%	+2.76%	-
S&P AFRICA 40 INDEX	159.5 PTS	+2.17%	+4.45%	-
MAST ENERGY DEVELOPMENTS PLC	0.325 GBX	0.00%	-31.58%	1.08M

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