Kelso Group Holdings PLC - London-headquartered investment company - Says in the first six months of 2023, it has raised more than GBP6.0 million in two tranches, placed at 2.0 pence and 2.5p. Says half of funds have been used to purchase shares in the Manchester-based e-commerce platform THG PLC. Kelso holds 8 million shares in THG. These were bought at an average price of about 61p. This means they cost Keslo about GBP5 million and have a current market value of just under GBP8 million, giving a gain of 62%. Kelso says it will release interim results by the end of September.
Current stock price for Kelso: 2.69 pence, up 3.4%
12-month change: up 42%
Current stock price for THG: 99.50 pence, up 6.0%
12-month change: up 30%
By Sabrina Penty, Alliance News reporter
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Kelso Grp Hldg (KLSO)
Thg (THG)