REG - Kelso Group Holdings - Publication of Prospectus and Admission Update

Kelso groupAnnouncement

19/01/2023 07:00

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RNS Number : 1948N  Kelso Group Holdings PLC  19 January 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION.

 

THIS IS AN ANNOUNCEMENT AND NOT A CIRCULAR OR PROSPECTUS OR EQUIVALENT
DOCUMENT AND INVESTORS AND PROSPECTIVE INVESTORS SHOULD NOT MAKE ANY
INVESTMENT DECISION ON THE BASIS OF ITS CONTENTS. A PROSPECTUS IN RELATION TO
THE TRANSACTION REFERRED TO IN THIS ANNOUNCEMENT HAS BEEN PUBLISHED TODAY.

 

19 January 2023

Kelso Group Holdings plc

 

("Kelso" or the "Company")

 

Publication of Prospectus and Admission Update

 

 

Kelso is pleased to announce that further to the announcements published on 23
November 2022 and 25 November 2022, the Company has now received confirmation
from the FCA that the prospectus in relation to its proposed admission of
certain shares to the Official List and to trading on the Standard segment of
the Main Market of the LSE is approved for publication (the "Prospectus").

 

We can confirm that there are no changes to the Offer for Subscription (the
"Subscription") terms and quantum announced on 23 November 2022. The
Subscription comprises the issue of 150.0 million new ordinary shares of 1
penny each (the "Subscription Shares"), raising £3.0 million at a price of
2.0 pence per Subscription Share.

 

The Company has made an application to admit the Subscription Shares to the
Official List and to trading on the Standard segment of the Main Market of the
LSE ("Admission"). It is expected that Admission will occur at 8.00 a.m. on or
around 24 January 2023. Following the issue of the Subscription Shares, the
Company's issued ordinary share capital will comprise 197,525,000 ordinary
shares.

 

The Prospectus will shortly be submitted to the FCA's National Storage
Mechanism (the "NSM") and will be available for inspection on the NSM's
website at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

The Prospectus will also be available on the Company website:
https://kelsoplc.com
(https://protect-eu.mimecast.com/s/CQOTCyrqLCrjlX0SZBNNK?domain=kelsoplc.com)

 

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)

 

 

No offer of securities

 

This announcement and the Prospectus do not constitute or form part of any
offer or invitation to purchase, acquire, subscribe for, sell, dispose of or
issue, or any solicitation of any offer to sell, dispose of, purchase, acquire
or subscribe for, any security, including any KLSO shares to be issued in
connection with the Transaction. In particular, the KLSO shares to be issued
in connection with the Subscription have not been and will not be registered
under the US Securities Act of 1934 (as amended) and may not be offered or
sold in the US absent registration or an applicable exemption from the
registration requirements of the US Securities Act of 1934 (as amended).

 

Transmission of this announcement and the Prospectus

 

Neither this announcement, the Prospectus, nor any copy of either of them may
be taken or transmitted directly or indirectly into or from any jurisdiction
where to do so would constitute a violation of the relevant laws or
regulations of such jurisdiction. Any failure to comply with this restriction
may constitute a violation of such laws or regulations. Persons into whose
possession this announcement, the Prospectus or other information referred to
therein comes, should inform themselves about, and observe, any restrictions
in such laws or regulations.

 

END

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