Business
Proposed Placing and Subscription
Kelso Group Holdings Plc announced its intention to raise £1 million through a placing and subscription of new ordinary shares at 3.0 pence per share, with the proceeds designated to expand its investment portfolio into identified opportunities. This fundraising follows previous successful capital raises totaling £7.9 million since January 2023. The company aims to capitalize on perceived undervaluation in the UK small and mid-cap market, with a strategy focused on active engagement and value enhancement across its existing five investments. The placing is expected to be completed by December 18, 2025. Disclaimer*
About this update from Kelso Group Holdings Plc
[{"type":"text","content":"\n\nThe information contained within this announcement (together with its Appendix, this \"Announcement\") is deemed by the company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of the domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended) (\"UK MAR\"). Upon the publication of this Announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n15 December 2025\n \nKelso Group Holdings Plc\n(\"Kelso\" or the \"Company\")\nProposed Placing and Subscription\n \nKelso, the main market listed investment vehicle, today announces its intention to raise £1 million by way of a placing and subscription of new ordinary shares of £0.01 each (the \"Fundraising\").\nOverview\nKelso was founded in November 2022 with the aim of creating a basket of investments that could capitalise on a depressed UK stock market by investing in established but undervalued UK-listed small and mid-cap companies. Significant progress has been made in the three years since Kelso's inception, and the Board believe that there are finally clear signs of the UK small and mid-cap market beginning to improve.\nKelso, which is c.20% owned by the Board of Directors, currently has five investments and a strategy of driving value enhancement through active engagement. It is now the Board's intention to grow the business and the proceeds from the Proposed Placing will be used to expand Kelso's current investment portfolio into identified opportunities which will improve the balance of risk versus reward. The investments will be made in line with Kelso's business model which aims to identify opportunities where the board believes the market has underestimated the intrinsic value and where a catalyst is required to unlock that value.\nFundraising\nKelso has carried out three previous fundraises, raising £3.0 million in January 2023 at a price of 2.0 pence per share, £3.0 million in June 2023 at a price of 2.5 pence per share and £1.9 million in February 2024 at a price of 3.0 pence per share. The Fundraising is expected to be undertaken at a placing price of 3.0 pence per share and will be carried out within the Company's existing shareholder authorities and with no requirement to publish a...