Kelso Group Holdings Plc (LSE: KLSO), a Main Market listed investment vehicle, has launched a conditional retail offer of new ordinary shares. The offer is conducted via RetailBook, alongside a separate placing to institutional investors and a subscription from existing investors. The new shares will be issued at 3.3 pence per share, representing a 5.7% discount relative to the company's closing mid-price on Tuesday.
The proceeds from the share issue will be used to increase the company's exposure to developing holdings and other identified investment opportunities. Kelso Group holds a portfolio of approximately ten UK-listed small and mid-cap companies.
The retail offer is open to eligible investors resident in the United Kingdom and is expected to close at 5:00 p.m. on Tuesday, September 16, 2026. However, it may close earlier if oversubscribed. The total value of shares available under the retail offer is capped at £1 million, unless further allocations are agreed.
Investors can subscribe to the offer with a minimum of £250 per investor. There is no commission charged by RetailBook. Applications can be made from ISAs, SIPPs, or general investment accounts via RetailBook's partner network, which includes investment platforms, retail brokers, and wealth managers.
The admission of new shares to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market is conditional and expected at 8:00 a.m. on September 21, 2026. The retail offer will not complete unless the institutional placing also completes. Kelso Group reserves the right to scale back orders or reject applications without providing reasons.
New ordinary shares will rank equally with existing shares, including rights to dividends and distributions declared after their issue date.
