REG - Kelso Group Holdings - Board Changes - Appointment of New Chairman

Kelso groupAnnouncement

30/01/2023 07:00

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RNS Number : 1780O  Kelso Group Holdings PLC  30 January 2023

30 January 2023

Kelso Group Holdings plc

 

("Kelso" or the "Company")

 

Board Changes - Appointment of New Chairman

 

Kelso, the main market listed investment company, is pleased to announce the
appointment of Sir Nigel Knowles as Non-Executive Chairman. Sir Nigel has a
wealth of experience managing businesses, adding tremendous value to Kelso's
team and its focus on unlocking value in UK listed companies. Furthermore,
Adam Rhodes has resigned and stepped down as a Director of the Company with
immediate effect to pursue other business interests.

 

Sir Nigel Knowles is currently the CEO of publicly listed international law
firm DWF Group Plc, having previously served as Chairman from September 2017
to May 2020. Prior to joining DWF, Sir Nigel spent over 38 years at DLA Piper,
a global law firm, where he was Global Co-Chairman and Senior Partner, and,
previously, Global Co-CEO and Managing Partner from 1996 to 2015. During his
tenure as leader of DLA Piper and its legacy firms, revenues of DLA Piper grew
from £52 million to in excess of £1.5 billion. Sir Nigel served as Chairman
of Sheffield City Region LEP for three years from 1 January 2016 to 31
December 2018, whereupon he was appointed the Mayor's Special Advisor (Trade
& Investment) until 2021. He also held the Office of High Sheriff of
London from 2016-2017, the oldest non-ecclesiastical Royal appointment. Sir
Nigel received a knighthood in 2009 in recognition of his services to the
legal industry.

 

John Goold, CEO of Kelso, said:

 

"It is a huge privilege to welcome Sir Nigel Knowles to the board as our
Non-Executive Chairman, his vast experience will undoubtedly add significant
value to Kelso and its strategy. We look forward to his advice and guidance.
At the same time, I want to thank Adam Rhodes for his efforts in getting Kelso
to where it is today."

 

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, in particular, 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 £3m in January 2023 from around
20 UK entrepreneurs. 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 instances
where Kelso itself could be used as a vehicle by an undervalued company or
subsidiary thereof to spin off into its own listing. Such a transaction would
undoubtedly constitute a reverse takeover for Kelso.

 

 

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