Kistos plc (KIST)

[PeterBill]

New listing.

I came across this recent listing (closed-ended investment company) during my brief research on why Singapore’s sovereign wealth fund bought into UK carbon capture developer, Storegga.
One of the directors appears to be a director of both Storegga and Kistos.

I don't know anything about either company.


https://www.investegate.co.uk/kistos-plc--kist-/rns/admission-to-trading-on-aim-and-first-day-dealings/202011250700103980G/

Kistos, the closed-ended investment company which has been established with the objective of creating value for its investors through acquisition and management of companies or businesses in the energy sector, is pleased to announce the admission of its entire issued ordinary share capital to trading on the AIM market of the London Stock Exchange at 8.00 a.m. today under the ticker "KIST".

For the purposes of the Disclosure Guidance and Transparency Rules, the total number of ordinary shares with voting rights in the Company with effect from 25 November 2020 will be 40,250,000 .

https://kistosplc.com/investors/investment-case/

The Directors believe that an opportunity exists to create a new AIM investing company focused initially on offshore and onshore hydrocarbon production, energy storage, infrastructure and energy generation projects.