£31.75m fund raise for Kistos plc IPO on AIM
Panmure Gordon acted as Sole Bookrunner to Kistos plc on their initial public offering on AIM. The offer raised £31.75 million gross proceeds and the funds will be used to invest in the energy sector. Panmure Gordon is Corporate Broker and Nominated Adviser to Kistos plc.
Commenting on the transaction, Kistos’s Non-Executive Chairman Andrew Austin said:
“We established Kistos to invest in energy and the energy transition, with the intention of pursuing a rigorous approach to asset selection and active forward-looking stewardship and are delighted to have successfully floated on AIM. I would like to thank Panmure Gordon for the effective execution of our IPO and we very much look forward to working with them in the future.”