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Insight Business Support Plc ( (GB:KLSO) ) has issued an update.
Kelso Group Holdings Plc has announced a plan to raise £1 million through a placing and subscription of new ordinary shares. The funds will be used to expand its investment portfolio, targeting opportunities that align with its strategy of unlocking trapped value in the UK stock market. This move is part of Kelso’s ongoing efforts to enhance value through active engagement, as the company sees signs of improvement in the UK small and mid-cap market. The fundraising will be conducted at a price of 3.0 pence per share, with Zeus Capital Limited acting as the broker.
More about Insight Business Support Plc
Kelso Group Holdings Plc is an investment vehicle established in November 2022, focusing on the UK stock market. It aims to invest in undervalued UK-listed small and mid-cap companies, leveraging situations where the intrinsic value of a company is underestimated by the market.
Average Trading Volume: 347,184
Technical Sentiment Signal: Sell
Current Market Cap: £10.77M
For detailed information about KLSO stock, go to TipRanks’ Stock Analysis page.