REG - Kelso Group Holdings - Transaction in Own Shares

Kelso groupAnnouncement

01/11/2023 15:30

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RNS Number : 0894S  Kelso Group Holdings PLC  01 November 2023

1 November 2023

 

 

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

 

Transaction in Own Shares

 

 

The Company announces that, on 31 October 2023, it purchased 1,200,000
ordinary shares of one pence each in the capital of the Company ("the
Repurchased Shares") at a price of 2.0 pence per Ordinary Share (the
"Repurchase").

 

The Repurchase equates to approximately 0.38 per cent of the issued Ordinary
Shares and was undertaken in accordance with the terms of the general
authority to make market purchases of Ordinary Shares granted to the Company
by its shareholders at its Annual General Meeting on 24 May 2023.  The
Repurchase was executed on the London Stock Exchange through the Company's
broker, Zeus Capital Limited.

 

Application will be made for the Repurchased Shares to be cancelled.

 

Following the Repurchase and the cancellation, the number of issued Ordinary
Shares with voting rights in the Company is 312,975,000. This figure
represents the total voting rights in the Company and may be used by
shareholders as the denominator for the calculations by which they can
determine if they are required to notify their interest in, or a change to
their interest in the Company under the Financial Conduct Authority's
Disclosure and Transparency Rules.

 

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.

 

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, Ed Beddows (Investment Banking)

 Ben Robertson (Corporate Broking)

 

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