Kelso Group Holdings PLC - London-headquartered investment company - Says in the first six months of 2023, it has raised more than £6.0 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 £5 million and have a current market value of just under £8 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%

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