Kelso Group Holdings PLC Board Changes - Appointment of New Chairman (1780O)
January 30 2023 - 2:00AM
UK Regulatory
TIDMKLSO
RNS Number : 1780O
Kelso Group Holdings PLC
30 January 2023
30 January 2023
Kelso Group Holdings plc
("Kelso" or the "Company")
Board Changes - Appointment of New Chairman
Kelso, the main market listed investment company, is pleased to
announce the appointment of Sir Nigel Knowles as Non-Executive
Chairman. Sir Nigel has a wealth of experience managing businesses,
adding tremendous value to Kelso's team and its focus on unlocking
value in UK listed companies. Furthermore, Adam Rhodes has resigned
and stepped down as a Director of the Company with immediate effect
to pursue other business interests.
Sir Nigel Knowles is currently the CEO of publicly listed
international law firm DWF Group Plc, having previously served as
Chairman from September 2017 to May 2020. Prior to joining DWF, Sir
Nigel spent over 38 years at DLA Piper, a global law firm, where he
was Global Co-Chairman and Senior Partner, and, previously, Global
Co-CEO and Managing Partner from 1996 to 2015. During his tenure as
leader of DLA Piper and its legacy firms, revenues of DLA Piper
grew from GBP52 million to in excess of GBP1.5 billion. Sir Nigel
served as Chairman of Sheffield City Region LEP for three years
from 1 January 2016 to 31 December 2018, whereupon he was appointed
the Mayor's Special Advisor (Trade & Investment) until 2021. He
also held the Office of High Sheriff of London from 2016-2017, the
oldest non-ecclesiastical Royal appointment. Sir Nigel received a
knighthood in 2009 in recognition of his services to the legal
industry.
John Goold, CEO of Kelso, said:
"It is a huge privilege to welcome Sir Nigel Knowles to the
board as our Non-Executive Chairman, his vast experience will
undoubtedly add significant value to Kelso and its strategy. We
look forward to his advice and guidance . At the same time, I want
to thank Adam Rhodes for his efforts in getting Kelso to where it
is today."
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)
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, in particular, 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 GBP3m in January 2023 from
around 20 UK entrepreneurs. 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 instances where Kelso itself
could be used as a vehicle by an undervalued company or subsidiary
thereof to spin off into its own listing. Such a transaction would
undoubtedly constitute a reverse takeover for Kelso.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOASEIEFUEDSEEF
(END) Dow Jones Newswires
January 30, 2023 02:00 ET (07:00 GMT)
Insight Business Support (LSE:IBSU)
Historical Stock Chart
From May 2024 to Jun 2024
Insight Business Support (LSE:IBSU)
Historical Stock Chart
From Jun 2023 to Jun 2024