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Investegate |Kibo Energy PLC Announcements | Kibo Energy PLC: Mast Energy Developments Plc: IPO Update


 
Kibo Energy PLC ( Kibo or the Company ), is delighted to announce, further to the RNS dated 28
th January 2021, Mast Energy Developments Plc (MED) has raised in excess of £5m through Clear Capital Markets Ltd for its upcoming IPO on the Official List of the London Stock Exchange plc ( London Stock Exchange or LSE ) by way of a Standard Listing, which on listing will have a market capitalisation of c. £23 million.  MED will now proceed with final submissions to the FCA and will revert in due course with the publication of the final prospectus which will include listing date details.
 
Initial demand has exceeded expectations and the fundraise has now closed. This confirms Kibo s belief that the UK clean energy sector is an exciting investment case going forward. We look forward to further updates from MED regarding existing projects being brought into production in the very near term, as well as any acquisitions of further projects, on t ....

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