REG - Kelso Group Holdings - Result of Placing and Subscription

Kelso groupAnnouncement

17/12/2025 07:00

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RNS Number : 8424L  Kelso Group Holdings PLC  17 December 2025

The information contained within this announcement is deemed by the company to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of the domestic law of the United Kingdom
by virtue of the European Union (Withdrawal) Act 2018 (as amended) ("UK
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Information Service, this inside information is now considered to be in the
public domain.

17 December 2025

 

Kelso Group Holdings Plc

("Kelso" or the "Company")

Result of Placing and Subscription

Further to the announcement published on 15 December 2025, Kelso, the main
market listed acquisition vehicle, is pleased to announce that it has
conditionally raised gross proceeds of £2.05 million through the placing of
59,333,331 million new ordinary shares ("Placing Shares") and the subscription
for 8,999,999 million new ordinary shares ("Subscription Shares") at an issue
price of 3.0 pence per share (the "Issue Price") (the "Fundraising"). In
aggregate, the Placing Shares and Subscription Shares represent approximately
18.27 per cent. of the existing issued share capital of the Company.

 

Kelso will use the net proceeds from the Fundraising to expand its current
investment portfolio into identified opportunities which will improve the
balance of risk versus reward.

 

The Company has made an application to admit the new ordinary shares to the
Official List of the FCA and to the Main Market (Standard List) of the London
Stock Exchange ("LSE"). It is expected that settlement for the Placing Shares
and Subscriptions Shares, and Admission, will become effective at 8:00 a.m. on
19 December 2025, and that dealings in the Placing Shares and Subscription
Shares will commence at that time. The Placing Shares and Subscription Shares,
when issued, will be fully paid and will rank pari passu in all respects with
the existing issued Ordinary Share of the Company, including, without
limitation, the right to receive all dividends and other distributions
declared, made or paid in respect of the existing issued Ordinary Shares after
Admission.

 

Following Admission, the total number of Ordinary Shares and voting rights in
the Company will be 442,403,329. This figure may be used by shareholders in
the Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the FCA's Disclosure
and Transparency Rules.

 

Sir Nigel Knowles, Chairman, Kelso said: "I'm delighted to see the support
from our shareholders for this fundraising. We believe the UK small cap market
offers significant value and we look forward to updating shareholders on our
new investments in due course."

 

For further information please contact:

 Kelso Group Holdings plc                 +44 (0) 75 4033 3933
 John Goold, Chief Executive Officer

 Jamie Brooke, Chief Investment Officer

 Ian Selby, Chief Financial Officer

 Zeus (Broker)                            +44 (0) 20 3829 5000
 Louisa Waddell, Andrew de Andrade (Investment Banking)

Ben Robertson (Corporate Broking)
 Camarco (Financial PR)
 Billy Clegg, Tom Huddart                 +44 (0) 20 3757 4980

 

About Kelso

Kelso was established in November 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.

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