Kelso Group plummets on discounted share placing

Kelso Technologies

30/03/2023 10:33

** Shares of business support consultancy services firm
Kelso Group Holdings Plc  KLSO.L  fall as much as 28.5% to 2.5p;
lowest in four months
    ** Co to conduct a non pre-emptive placing of up to 3 mln
pounds ($3.7 mln) at a price of 2.5p per share
    ** If losses hold, stock set to post biggest intra-day pct
loss in almost four months
    ** Co buys additional 2.4 mln shares in British e-commerce
firm THG  THG.L , taking KLSO's total stake in THG to 0.6%    
    ** As of last close, stock down 17.6% YTD


($1 = 0.8100 pounds)

 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))