Annual Report and Notice of AGM

Kelso Group Holdings PLC

02 May 2023

 

2 May 2023

Kelso Group Holdings Plc ("Kelso" or the "Company")

Publication of Annual Report and Notice of 2023 Annual General Meeting

Kelso, the main market listed investment company, announces the publication of its Annual Report and Accounts for the year ended 31 December 2022 and Notice of 2023 Annual General Meeting ("AGM").

Copies of the Annual Report and Accounts for the year ended 31 December 2022 and the Notice of AGM, are now available to view on the Company's website, www.kelsoplc.com and have also been posted to shareholders.

The AGM will be held at the offices of Zeus Capital Limited, 125 Old Broad Street, London, United Kingdom, EC2N 1AR on 24 May 2023 at 11:00 am.

Whether or not shareholders propose to attend the AGM, the Company encourages all shareholders to complete and submit a proxy form in accordance with the instructions detailed in the Notice of the AGM.

Proxy votes will be announced via the Regulatory News Service ("RNS") and placed on our website as soon as practicable after the conclusion of the AGM.

The Board believes that the resolutions contained in the Notice of AGM continue to be in the best interests of the Company and its shareholders as a whole and recommends that shareholders vote in favour of them.

Any changes to the arrangements for the AGM (including any change to the location or as a result of the publication of any further Government public health instructions) that the Board considers appropriate will be communicated to shareholders before the meeting through the Company's website at www.kelsoplc.com and, where appropriate, by an announcement through the RNS. Shareholders are advised to check the Company's website for updates.

For further information please contact:

Kelso Group Holdings Plc                                                                            [phone]

John Goold, Chief Executive Officer

Mark Kirkland, Chief Financial Officer

Jamie Brooke, Chief Investment Officer

Zeus (Broker)                                                                                                    [phone]

Nick Cowles, Matt Hogg (Investment Banking)

Ben Robertson (Corporate Broking)

About Kelso

Kelso 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 such that there are situations where UK listed companies' valuations are not appropriately matched to their underlying intrinsic value. There may be instances where Kelso itself could be used as a vehicle by an undervalued company to spin off a subsidiary into its own listing. Such a transaction would undoubtedly constitute a reverse takeover for Kelso.

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