Result of fundraise
Kelso raised £1.88m before expenses by placing 62.6m shares at 3.0p per share.
- Amount raised £1.88m
- Placing price 3.0p per share
- Placing shares 62.6m
- Shares as % of existing capital 20%
- Total shares post-admission 375,570,000
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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 £1.88 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 shares prior to the Placing | Placing Shares purchased | Number of shares following the Placing | Percentage of share capital 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.
| Zeus (Broker) | +44 (0) 20 3829 5000 |
Nick Cowles, Ed Beddows (Investment Banking) Ben Robertson (Corporate Broking)
| a) | Name | John Goold | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| a) | Name | Kelso Group Holdings plc | ||||
| b) | LEI | 213800K4RRUZLUE5GC02 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each ISIN: GB00BKPH9R58 | ||||
| b) | Nature of the transaction | Subscription shares purchased | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | n/a n/a | ||||
| e) | Date of the transaction | 15 January 2024 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Jamie Brooke | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Investment Officer | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| a) | Name | Kelso Group Holdings plc | ||||
| b) | LEI | 213800K4RRUZLUE5GC02 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each ISIN: GB00BKPH9R58 | ||||
| b) | Nature of the transaction | Subscription shares purchased | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | n/a n/a | ||||
| e) | Date of the transaction | 15 January 2024 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Sarah Rajani | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive Director | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| a) | Name | Kelso Group Holdings plc | ||||
| b) | LEI | 213800K4RRUZLUE5GC02 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each ISIN: GB00BKPH9R58 | ||||
| b) | Nature of the transaction | Subscription shares purchased | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | n/a n/a | ||||
| e) | Date of the transaction | 15 January 2024 | ||||
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.