REG - Kelso Group Holdings - Placing Admission Update

Kelso groupAnnouncement

31/05/2023 07:00

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RNS Number : 0956B  Kelso Group Holdings PLC  31 May 2023

 

31 May 2023

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

 

Placing Admission Update

 

Further to the announcement on 24 May 2022, which stated an intended Admission
date for the Placing of 31 May 2023, Admission will now take place on 1 June
2023.

 

Capitalised terms used in this announcement shall have the meanings ascribed
to them in the announcement dated 27 April 2023.

 

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. 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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