REG - Kelso Group Holdings - Annual Report and Notice of AGM

Kelso groupAnnouncement

02/05/2023 07:00

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RNS Number : 9882X  Kelso Group Holdings PLC  02 May 2023

2 May 2023

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

Publication of Annual Report and Notice of 2023 Annual General Meeting

Kelso, the main market listed investment company, announces the publication of
its Annual Report and Accounts for the year ended 31 December 2022 and Notice
of 2023 Annual General Meeting ("AGM").

Copies of the Annual Report and Accounts for the year ended 31 December 2022
and the Notice of AGM, are now available to view on the Company's website,
www.kelsoplc.com (http://www.kelsoplc.com) and have also been posted to
shareholders.

The AGM will be held at the offices of Zeus Capital Limited, 125 Old Broad
Street, London, United Kingdom, EC2N 1AR on 24 May 2023 at 11:00 am.

Whether or not shareholders propose to attend the AGM, the Company encourages
all shareholders to complete and submit a proxy form in accordance with the
instructions detailed in the Notice of the AGM.

Proxy votes will be announced via the Regulatory News Service ("RNS") and
placed on our website as soon as practicable after the conclusion of the AGM.

The Board believes that the resolutions contained in the Notice of AGM
continue to be in the best interests of the Company and its shareholders as a
whole and recommends that shareholders vote in favour of them.

Any changes to the arrangements for the AGM (including any change to the
location or as a result of the publication of any further Government public
health instructions) that the Board considers appropriate will be communicated
to shareholders before the meeting through the Company's website at
www.kelsoplc.com (http://www.kelsoplc.com) and, where appropriate, by an
announcement through the RNS. Shareholders are advised to check the Company's
website for updates.

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, Matt Hogg (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 look for situations where it believes the
sum of the parts of a business is greater than the current value. The Company
completed a fundraising of £3.0 million in January 2023. Kelso believes that
the current market conditions are such that there are situations where UK
listed companies' valuations are not appropriately matched to their underlying
intrinsic value. There may be instances where Kelso itself could be used as a
vehicle by an undervalued company to spin off a subsidiary into its own
listing. Such a transaction would undoubtedly constitute a reverse takeover
for Kelso.

 

END

 

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