REG - Kelso Group Holdings - Result of AGM and Placing Update

Kelso groupAnnouncement

24/05/2023 12:00

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RNS Number : 5290A  Kelso Group Holdings PLC  24 May 2023

24 May 2023

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

Result of AGM and Placing Update

Kelso, the main market listed investment company, announces that all
resolutions put to shareholders at the Company's Annual General Meeting
("AGM") held earlier today were duly passed.

Further to the announcements published on 30 March 2023, 27 April 2023 and 12
May 2023, in addition to the approval of certain resolutions at the AGM, the
Placing is now only subject to Admission becoming effective, which will occur
on 31 May 2023, as previously announced.

Capitalised terms used in this announcement (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 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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