Panmure Gordon acted as Sole Bookrunner, Financial Adviser & Nominated Adviser on the IPO of Kistos plc.
- Kistos is a closed-ended investment company established with the objective of creating value for investors through the acquisition and management of companies or businesses in the energy sector
- Offer price of 100p / £40.25m market cap on admission
- Admission to Trading on the AIM market of the London Stock Exchange took place on 25 November 2020
- Panmure Gordon is Corporate Broker and Nominated Adviser to Kistos plc
- Supported by a broad selection of high-quality investors
- Over 40 institutional investors & wealth managers on the share register on 1st day of dealing
- New AIM investing company focused on hydrocarbon production, energy storage, infrastructure and energy generation projects
- UK’s energy transition agenda will create opportunities arising from the Government objective of meeting net zero by 2050
- Execution strategy of pursuing a rigorous approach to asset selection and active forward-looking stewardship
- Highly experienced team, led by Andrew Austin. Through RockRose Energy plc, Andrew Austin delivered 42x investment return to shareholders