Business
Result of AGM and Placing Update
Result of AGM and Placing Update.
About this update from Kelso Group Holdings Plc
[{"type":"text","content":"\n\n24 May 2023\nKelso Group Holdings Plc (\"Kelso\" or the \"Company\")\nResult of AGM and Placing Update\nKelso, the main market listed investment company, announces that all resolutions put to shareholders at the Company's Annual General Meeting (\"AGM\") held earlier today were duly passed.\nFurther to the announcements published on 30 March 2023, 27 April 2023 and 12 May 2023, in addition to the approval of certain resolutions at the AGM, the Placing is now only subject to Admission becoming effective, which will occur on 31 May 2023, as previously announced.\nCapitalised terms used in this announcement (this \"Announcement\") shall have the meanings ascribed to them in the announcement dated 27 April 2023.\nFor further information please contact:\n \nKelso Group Holdings Plc +44 (0) 75 4033 3933\nJohn Goold, Chief Executive Officer\nMark Kirkland, Chief Financial Officer\nJamie Brooke, Chief Investment Officer\n \nZeus (Broker) +44 (0) 20 3829 5000\nNick Cowles, Matt Hogg (Investment Banking)\nBen Robertson (Corporate Broking)\n \nAbout Kelso\nKelso 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 look for situations where it believes the sum of the parts of a business is greater than the current value. The Company completed a fundraising of £3.0 million in January 2023. Kelso believes that the current market conditions are...