Result of Placing and Subscription
Kelso Group Holdings Plc has successfully raised gross proceeds of £2.05 million through a placing and subscription of new ordinary shares at 3.0 pence per share, representing approximately 18.27% of its existing issued share capital. The net proceeds will be used to expand the company's investment portfolio into identified opportunities aimed at improving the balance of risk versus reward. The new shares are expected to be admitted to the London Stock Exchange on 19 December 2025, at which point the total number of ordinary shares and voting rights will be 442,403,329.
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Further to the announcement published on 15 December 2025, Kelso, the main market listed acquisition vehicle, is pleased to announce that it has conditionally raised gross proceeds of £2.05 million through the placing of 59,333,331 million new ordinary shares ("Placing Shares") and the subscription for 8,999,999 million 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 approximately 18.27 per cent. of the existing issued share capital of the Company.
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 19 December 2025, 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 442,403,329. 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: "I'm delighted to see the support from our shareholders for this fundraising. We believe the UK small cap market offers significant value and we look forward to updating shareholders on our new investments in due course."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.