REG - Kelso Group Holdings - Admission of Placing Shares

Kelso groupAnnouncement

22/01/2024 07:00

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RNS Number : 3613A  Kelso Group Holdings PLC  22 January 2024

22 January 2024

 

Kelso Group Holdings Plc ("Kelso" or the "Company")

Admission of Placing Shares

Further to the announcement published on 16 January 2024, Kelso, the main
market listed acquisition vehicle, has made an application to admit a total of
62,594,999 new ordinary shares ("Placing Shares") to the Official List of the
FCA and to the Main Market (Standard List) of the London Stock Exchange
("LSE"). It is expected that settlement for the Placing Shares and Admission
will become effective at 8:00 a.m. on 23 January 2024, and that dealings in
the Placing Shares will commence at that time.

 

Following Admission, the total number of Ordinary Shares and voting rights in
the Company will be 375,569,999. This figure may be used by shareholders in
the Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the FCA's Disclosure
and Transparency Rules.

 

For further information please contact:

 Kelso Group Holdings plc                      +44 (0) 75 4033 3933
 John Goold, Chief Executive Officer

 Mark Kirkland, Chief Financial Officer

 Jamie Brooke, Chief Investment Officer
 Zeus (Broker)                                 +44 (0) 20 3829 5000
 Nick Cowles, Ed Beddows (Investment Banking)

 Ben Robertson (Corporate Broking)

 

About Kelso

Kelso was established in 2022 to identify, engage and unlock trapped value in
the UK stock market. Kelso's strategy is to invest in situations where there
is an anomaly between the intrinsic value and prospects of a company and its
stock market valuation. Kelso will, in particular, look for situations where
it believes the sum of the parts of a business is greater than the current
value.

 

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