Kelso Group Holdings PLC Publication of Prospectus and Admission Update (1948N)
19 Januar 2023 - 8:00AM
UK Regulatory
TIDMKLSO
RNS Number : 1948N
Kelso Group Holdings PLC
19 January 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION.
THIS IS AN ANNOUNCEMENT AND NOT A CIRCULAR OR PROSPECTUS OR
EQUIVALENT DOCUMENT AND INVESTORS AND PROSPECTIVE INVESTORS SHOULD
NOT MAKE ANY INVESTMENT DECISION ON THE BASIS OF ITS CONTENTS. A
PROSPECTUS IN RELATION TO THE TRANSACTION REFERRED TO IN THIS
ANNOUNCEMENT HAS BEEN PUBLISHED TODAY.
19 January 2023
Kelso Group Holdings plc
("Kelso" or the "Company")
Publication of Prospectus and Admission Update
Kelso is pleased to announce that further to the announcements
published on 23 November 2022 and 25 November 2022, the Company has
now received confirmation from the FCA that the prospectus in
relation to its proposed admission of certain shares to the
Official List and to trading on the Standard segment of the Main
Market of the LSE is approved for publication (the
"Prospectus").
We can confirm that there are no changes to the Offer for
Subscription (the "Subscription") terms and quantum announced on 23
November 2022. The Subscription comprises the issue of 150.0
million new ordinary shares of 1 penny each (the "Subscription
Shares"), raising GBP3.0 million at a price of 2.0 pence per
Subscription Share.
The Company has made an application to admit the Subscription
Shares to the Official List and to trading on the Standard segment
of the Main Market of the LSE ("Admission"). It is expected that
Admission will occur at 8.00 a.m. on or around 24 January 2023.
Following the issue of the Subscription Shares, the Company's
issued ordinary share capital will comprise 197,525,000 ordinary
shares.
The Prospectus will shortly be submitted to the FCA's National
Storage Mechanism (the "NSM") and will be available for inspection
on the NSM's website at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
The Prospectus will also be available on the Company website:
https://kelsoplc.com
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, Matt Hogg (Investment
Banking)
Ben Robertson (Corporate Broking)
No offer of securities
This announcement and the Prospectus do not constitute or form
part of any offer or invitation to purchase, acquire, subscribe
for, sell, dispose of or issue, or any solicitation of any offer to
sell, dispose of, purchase, acquire or subscribe for, any security,
including any KLSO shares to be issued in connection with the
Transaction. In particular, the KLSO shares to be issued in
connection with the Subscription have not been and will not be
registered under the US Securities Act of 1934 (as amended) and may
not be offered or sold in the US absent registration or an
applicable exemption from the registration requirements of the US
Securities Act of 1934 (as amended).
Transmission of this announcement and the Prospectus
Neither this announcement, the Prospectus, nor any copy of
either of them may be taken or transmitted directly or indirectly
into or from any jurisdiction where to do so would constitute a
violation of the relevant laws or regulations of such jurisdiction.
Any failure to comply with this restriction may constitute a
violation of such laws or regulations. Persons into whose
possession this announcement, the Prospectus or other information
referred to therein comes, should inform themselves about, and
observe, any restrictions in such laws or regulations.
END
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END
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January 19, 2023 02:00 ET (07:00 GMT)
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