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On 22 May 2025, The Freelands Pension Trust, whose sole underlying beneficiary is Kelso Group Holdings Plc CEO John Goold, purchased 846,971 ordinary shares in Kelso Group Holdings Plc at 2.5p per share. This increased Freelands' total holding to 3,620,101 shares (c.1% of issued share capital) and brought John Goold's total beneficial holding to 45,536,767 shares, representing 12.1% of Kelso's issued share capital.
| Date | 23 May 2025 |
| Time | 07:15:58 |
| Category | Director/PDMR dealings |
| ID | 9524J |
23 May 2025
Kelso Group Holdings Plc
("Kelso" or the "Company")
Purchase of Shares & PDMR Shareholding
The Board of Kelso, the main market listed acquisition vehicle, announces that it was notified on 22 May 2025 by The Freelands Pension Trust ("Freelands") that it had purchased 846,971 ordinary shares in Kelso at a price of 2.5p. This trade brings Freelands total holding in Kelso to 3,620,101 shares, equal to c.1% of the issued share capital.
The sole underlying beneficiary of Freelands is John Goold, CEO of Kelso. Combined with John Goold's existing shareholding of 44,689,796 shares, this takes his total beneficial holding to 45,536,767 shares, being 12.1% of the issued share capital of Kelso.
For further information please contact:
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Kelso Group Holdings plc |
+44 (0) 75 4033 3933 |
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John Goold, Chief Executive Officer Mark Kirkland, Chief Financial Officer Jamie Brooke, Chief Investment Officer |
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Zeus (Broker) |
+44 (0) 20 3829 5000 |
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Nick Cowles, Louisa Waddell, John Moran (Investment Banking) Ben Robertson (Corporate Broking) |
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Camarco Billy Clegg, Tom Huddart |
+44 (0) 20 3757 4980 |
About Kelso
Kelso was established in November 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, in particular, look for situations where it believes the sum of the parts of a business is greater than the current value.
As at Kelso's last results date announced on 23rd April 2025 Kelso set out its 5 investments being NCC Plc at 136p being 27% of the portfolio, Selkirk at 2.4p being 26%,THG plc at 28p being 25%, Angling Direct Plc at 35p being 11% and TheWorks.co.uk plc at 21p being 11%. There has been no material change to the portfolio since the last announcement. Prices were as at 22 April 2025.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
John Goold (through The Freelands Pension Trust) |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer (PDMR) |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Kelso Group Holdings plc |
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b) |
LEI |
213800K4RRUZLUE5GC02 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument Identification Code |
Ordinary Shares of 1p each
ISIN: GB00BK1VJS23 |
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b) |
Nature of the transaction |
Purchase of ordinary shares of 1p each |
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c) |
Price(s) and volume(s) |
Price: 2.5p Volume: 846,971 |
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d) |
Aggregated information |
Price: 2.5p Volume: 846,971 |
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e) |
Date of transaction |
22 May 2025 |
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f) |
Place of transaction |
London Stock Exchange |