REG - Kelso Group Holdings - Result of Placing and Subscription

Kelso groupAnnouncement

14/05/2026 07:00

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RNS Number : 2393E  Kelso Group Holdings PLC  14 May 2026

The information contained within this announcement (together with its
Appendix, 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 MAR").  Upon the
publication of this Announcement via the Regulatory Information Service, this
inside information is now considered to be in the public domain.

14 May 2026

 

Kelso Group Holdings Plc

("Kelso" or the "Company")

Result of Placing and Subscription

Further to the announcement published on 13 May 2026, Kelso, the main market
listed acquisition vehicle, is pleased to announce that it has conditionally
raised approximately 5 per cent. of the existing issued share capital of the
Company, through the placing of 17,833,334 new ordinary shares ("Placing
Shares") and the subscription for 3,833,332 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 gross proceeds of £650,000.

 

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
18 May 2026, 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 464,069,995. 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: "We are pleased to have received
continued support from our shareholders for this fundraising. As a management
team, Kelso believes significant opportunities are present in the UK market
which present upside value for our shareholders and we look forward to
updating holders on new investments in due course, once the investments
represent approximately 10 per cent of Kelso's gross investments, the
threshold for announcement."

 

About Kelso

Kelso Group Holdings Plc ("Kelso") is a main market investment vehicle, backed
by over 75 investors known to the Board alongside a small number of
institutions. The Board own approximately 17 per cent of Kelso and between
them have more than 150 years of experience in UK listed companies, across
fund management, private equity, corporate finance, law and M&A advisory.
Kelso's strategy is to hold a concentrated portfolio of fewer than ten UK
companies, each of which it considers to be among the most attractive
opportunities in the UK small and mid-cap market. Kelso invests only in
established, profitable businesses, predominantly market leaders with strong
balance sheets. Kelso does not invest in early stage, speculative or highly
cyclical businesses and does not seek resources sector exposure.

Kelso's aim is to generate market leading compounded annual returns for
shareholders. The Board is closely aligned with shareholders through its
substantial equity ownership. Kelso was established in January 2023 and has
raised equity at 2p, 2.5p and subsequently at 3p on three occasions.

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 (Financial Adviser and Joint Broker)  +44 (0) 20 3829 5000
 Louisa Waddell, John Moran (Investment Banking)

Dominic King (Corporate Broking)
 Cavendish (Joint Broker)
 Stephen Keys, Isaac Hooper                 +44 (0) 20 7220 0500
 Camarco (Financial PR)
 Billy Clegg, Tom Huddart                   +44 (0) 20 3757 4980

 

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