TIDMKLSO
RNS Number : 7701Z
Kelso Group Holdings PLC
16 January 2024
16 January 2024
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION. THIS ANNOUNCEMENT
AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION,
RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH
AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.
THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM PART
OF ANY OFFER TO ISSUE OR SELL, OR ANY SOLICITATION OF ANY OFFER TO
SUBSCRIBE OR PURCHASE, ANY SECURITIES IN ANY JURISDICTION.
Kelso Group Holdings Plc ("Kelso" or the "Company")
Result of fundraise
Further to the announcement published on 12 January 2024, Kelso,
the main market listed acquisition vehicle, is pleased to announce
that it has successfully raised GBP1.88 million before expenses, at
a price of 3.0 pence per share (the "Placing"). A total of 62.6
million new ordinary shares ("Placing Shares") have been
conditionally placed with new and existing shareholders.
Pursuant to the Placing, the following directors of the Company
have participated in the Placing:
Name Number of Placing Shares Number of Percentage
shares prior purchased shares following of share capital
to the Placing the Placing following
the Placing
John Goold 40,250,000 1,666,667 41,916,667 11.2%
---------------- --------------- ------------------ ------------------
Jamie Brooke 21,000,000 1,000,000 22,000,000 5.9%
---------------- --------------- ------------------ ------------------
Sarah Rajani - 3,333,333 3,333,333 0.9%
---------------- --------------- ------------------ ------------------
In aggregate, the Placing Shares represent approximately 20 per
cent. of the existing issued share capital of the Company.
Kelso will use the proceeds from the Placing (after expenses) to
continue to execute its mandate to engage and unlock trapped value
in the UK stock market.
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 Admission will
become effective at 8:00 a.m. on 23 January 2024, and that dealings
in the Placing Shares will commence at that time. The Placing
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 375,570,000. 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.
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)
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.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014 (as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018).
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities
/ person closely associated
1
a) Name John Goold
-------------------------------- ------------------------------
Reason for the notification
2
----------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------------- ------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- ------------------------------
Details of the issuer, emission allowance market
3 participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name Kelso Group Holdings plc
-------------------------------- ------------------------------
b) LEI 213800K4RRUZLUE5GC02
-------------------------------- ------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
----------------------------------------------------------------
a) Description of the financial Ordinary shares of GBP0.01
instrument, type of instrument each
Identification code
ISIN: GB00BKPH9R58
-------------------------------- ------------------------------
b) Nature of the transaction Subscription shares purchased
-------------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.03 1,666,667
----------
-------------------------------- ------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
-------------------------------- ------------------------------
e) Date of the transaction 15 January 2024
-------------------------------- ------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ------------------------------
Details of the person discharging managerial responsibilities
/ person closely associated
1
a) Name Jamie Brooke
-------------------------------- ------------------------------
Reason for the notification
2
----------------------------------------------------------------
a) Position/status Chief Investment Officer
-------------------------------- ------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- ------------------------------
Details of the issuer, emission allowance market
3 participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name Kelso Group Holdings plc
-------------------------------- ------------------------------
b) LEI 213800K4RRUZLUE5GC02
-------------------------------- ------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
----------------------------------------------------------------
a) Description of the financial Ordinary shares of GBP0.01
instrument, type of instrument each
Identification code
ISIN: GB00BKPH9R58
-------------------------------- ------------------------------
b) Nature of the transaction Subscription shares purchased
-------------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.03 1,000,000
----------
-------------------------------- ------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
-------------------------------- ------------------------------
e) Date of the transaction 15 January 2024
-------------------------------- ------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ------------------------------
Details of the person discharging managerial responsibilities
/ person closely associated
1
a) Name Sarah Rajani
-------------------------------- ------------------------------
Reason for the notification
2
----------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------- ------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- ------------------------------
Details of the issuer, emission allowance market
3 participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name Kelso Group Holdings plc
-------------------------------- ------------------------------
b) LEI 213800K4RRUZLUE5GC02
-------------------------------- ------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of
transaction; (iii) each date; and (iv) each place
where transactions have been conducted
----------------------------------------------------------------
a) Description of the financial Ordinary shares of GBP0.01
instrument, type of instrument each
Identification code
ISIN: GB00BKPH9R58
-------------------------------- ------------------------------
b) Nature of the transaction Subscription shares purchased
-------------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.03 3,333,333
----------
-------------------------------- ------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price n/a
-------------------------------- ------------------------------
e) Date of the transaction 15 January 2024
-------------------------------- ------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ------------------------------
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END
ROIEAAFSFDDLEAA
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