Kistos Holdings plc has applied for a block admission of two million ordinary shares, of £0.10 each, to trade on AIM. The ordinary shares relate to share option exercises under the company’s 2021 employee incentive plan and 2025 long-term incentive plan. Admission is expected on or around 24 October 2025. As at 2 September 2025, […]
Tag: Kistos Holdings plc
Kistos notes Jotun sailaway for Balder
Kistos (Holdings) plc said that the upgraded Jotun floating production storage and offloading vessel is undergoing tests ahead of installation in the Balder area in the Norwegian central North Sea. PROLIFIC The FPSO will be towed from the quayside at Worley Rosenberg yard in Stavanger to Åmøyfjorden for inshore sea trials and anchor installation work […]
Kistos grants 1.7m incentive share awards
Kistos Holdings plc has granted a total 1,691,639 ordinary shares, including 1,427,124 to executive directors, in accordance with its 2021 equity incentive plan. DIRECTORS Under the long term incentive plan, executive chairman Andrew Austin received awards over 543,666 shares. Chief executive officer Peter Mann received 475,708 awards and chief financial officer James Thompson 407,750. The […]
Kistos strengthened by Norway tax rebates
Kistos Holdings plc ended 2024 with a cash balance boosted by $84 million in tax rebates for the previous year relating to its Norwegian assets. BALDER AREA The company’s trading statement showed total cash of $144m with undrawn cash of a further $20m in place. Proforma net debt totalled approximately $45 million including tax rebates […]
Kistos appoints James Thomson as deputy CFO
Kistos Holdings plc has appointed James Thomson as deputy chief financial officer with immediate effect. He is expected to become CFO and join the board on 1 January 2025, subject to due diligence, after current post holder Richard Slape steps down at the end of 2024. “I would like to express my gratitude to Richard, who […]
Kistos protected from Balder X delay
Kistos Holdings plc said that production has been deferred from the end of 2024 to the second quarter of 2025 at the Balder X development project in the Norwegian North Sea. GROWTH The company acquired a 10% interest in Balder, comprising the Balder and Ringhorne fields, and a 7.4% stake in the Ringhorne East unit […]