REG - Kelso Group Holdings - Result of fundraise

Kelso groupAnnouncement

16/01/2024 07:00

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RNS Number : 7701Z  Kelso Group Holdings PLC  16 January 2024

16 January 2024

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. THIS ANNOUNCEMENT AND THE
INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA,
JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO
WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR
FORM PART OF ANY OFFER TO ISSUE OR SELL, OR ANY SOLICITATION OF ANY OFFER TO
SUBSCRIBE OR PURCHASE, ANY SECURITIES IN ANY JURISDICTION.

 

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

Result of fundraise

Further to the announcement published on 12 January 2024, Kelso, the main
market listed acquisition vehicle, is pleased to announce that it has
successfully raised £1.88 million before expenses, at a price of 3.0 pence
per share (the "Placing"). A total of 62.6 million new ordinary shares
("Placing Shares") have been conditionally placed with new and existing
shareholders.

 

Pursuant to the Placing, the following directors of the Company have
participated in the Placing:

 

 Name          Number of shares prior to the Placing  Placing Shares purchased  Number of shares following the Placing  Percentage of share capital following the Placing
 John Goold    40,250,000                             1,666,667                 41,916,667                              11.2%
 Jamie Brooke  21,000,000                             1,000,000                 22,000,000                              5.9%
 Sarah Rajani  -                                      3,333,333                 3,333,333                               0.9%

 

In aggregate, the Placing Shares represent approximately 20 per cent. of the
existing issued share capital of the Company.

 

Kelso will use the proceeds from the Placing (after expenses) to continue to
execute its mandate to engage and unlock trapped value in the UK stock market.

 

The Company has made an application to admit the new ordinary 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. The Placing Shares,
when issued, will be fully paid and will rank pari passu in all respects with
the existing issued Ordinary Share of the Company, including, without
limitation, the right to receive all dividends and other distributions
declared, made or paid in respect of the existing issued Ordinary Shares after
Admission.

 

Following Admission, the total number of Ordinary Shares and voting rights in
the Company will be 375,570,000. 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.

 

The information set out below is provided in accordance with the requirements
of Article 19(3) of the EU Market Abuse Regulation No 596/2014 (as it forms
part of domestic law by virtue of the European Union (Withdrawal) Act 2018).

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         John Goold
 2    Reason for the notification
 a)   Position/status                                              Chief Executive Officer
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Kelso Group Holdings plc
 b)   LEI                                                          213800K4RRUZLUE5GC02
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of £0.01 each

      Identification code

                                                                   ISIN: GB00BKPH9R58
 b)   Nature of the transaction                                    Subscription shares purchased
 c)   Price(s) and volume(s)                                        Price(s)   Volume(s)
                                                                   £0.03       1,666,667
 d)   Aggregated information

      - Aggregated volume                                          n/a

n/a
      - Price

 e)   Date of the transaction                                      15 January 2024
 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

n/a

 

e)

Date of the transaction

15 January 2024

f)

Place of the transaction

Outside a trading venue

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Jamie Brooke
 2    Reason for the notification
 a)   Position/status                                              Chief Investment Officer
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Kelso Group Holdings plc
 b)   LEI                                                          213800K4RRUZLUE5GC02
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of £0.01 each

      Identification code

                                                                   ISIN: GB00BKPH9R58
 b)   Nature of the transaction                                    Subscription shares purchased
 c)   Price(s) and volume(s)                                        Price(s)   Volume(s)
                                                                   £0.03       1,000,000
 d)   Aggregated information

      - Aggregated volume                                          n/a

n/a
      - Price

 e)   Date of the transaction                                      15 January 2024
 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

n/a

 

e)

Date of the transaction

15 January 2024

f)

Place of the transaction

Outside a trading venue

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Sarah Rajani
 2    Reason for the notification
 a)   Position/status                                              Non-Executive Director
 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Kelso Group Holdings plc
 b)   LEI                                                          213800K4RRUZLUE5GC02
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of £0.01 each

      Identification code

                                                                   ISIN: GB00BKPH9R58
 b)   Nature of the transaction                                    Subscription shares purchased
 c)   Price(s) and volume(s)                                        Price(s)   Volume(s)
                                                                   £0.03       3,333,333
 d)   Aggregated information

      - Aggregated volume                                          n/a

n/a
      - Price

 e)   Date of the transaction                                      15 January 2024
 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

n/a

 

e)

Date of the transaction

15 January 2024

f)

Place of the transaction

Outside a trading venue

 

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