Kistos Holdings PLC Cancels Norwegian Subsidiary Bonds, Offers New Warrants

Kistos PLC ( (GB:KIST) ) has issued an update.

Kistos Holdings PLC announced the cancellation of all outstanding hybrid callable bonds of its Norwegian subsidiary, Kistos Energy (Norway) AS, amounting to USD 15 million. This cancellation, effective from 2 June 2025, allows bondholders to receive Class C Warrants, which can be converted into new Kistos ordinary shares. The move is part of a strategic financial restructuring that could impact the company’s share distribution and market positioning.

The most recent analyst rating on (GB:KIST) stock is a Buy with a £295.00 price target. To see the full list of analyst forecasts on Kistos PLC stock, see the GB:KIST Stock Forecast page.

Spark’s Take on GB:KIST Stock

According to Spark, TipRanks’ AI Analyst, GB:KIST is a Neutral.

Kistos PLC faces substantial financial challenges, with declining revenues and liquidity concerns significantly impacting its stock score. However, the recent positive corporate event, indicating potential for future growth and increased cash flow, offsets some of these concerns. Technical indicators show mixed signals, while valuation remains weak with a negative P/E ratio. Overall, the stock is positioned with cautious optimism for potential long-term improvement.

To see Spark’s full report on GB:KIST stock, click here.

More about Kistos PLC

Kistos Holdings PLC is an independent energy company that focuses on creating value in the upstream and midstream markets. The company operates primarily in the energy sector, with a specific emphasis on the development and management of energy resources.

Average Trading Volume: 179,318

Technical Sentiment Signal: Buy

Current Market Cap: £127.6M

Find detailed analytics on KIST stock on TipRanks’ Stock Analysis page.