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Kingswood Holdings - Director/PDMR Shareholding

RNS Number : 7476W
Kingswood Holdings Limited
13 December 2019
 

KINGSWOOD HOLDINGS LIMITED

("Kingswood", the "Company" or the "Group")

Director/PDMR Holdings

 

Kingswood Holdings Limited (AIM: KWG), the integrated wealth management group, announces that it was notified on 11 December 2019 that KPI (Nominees) Limited ("KPI") has entered into an agreement with HSQ Investment Limited ("Pollen Street"), a wholly owned indirect subsidiary of funds managed and/or advised by Pollen Street Capital Limited, (the "Agreement") to subscribe for 12.5% of the first 40 million irredeemable Convertible Preference Shares subscribed for by Pollen Street under the terms of the subscription agreement between Kingswood and Pollen Street that was announced on 12 September 2019.

 

PDMR disclosures

KPI is owned by Kingswood Property Finance Limited Partnership ("KPFLP"), a private investment partnership wholly owned by Gary Wilder, CEO of KWG, and Jonathan Massing, Non-Executive Deputy Chairman of KWG, and the PDMR disclosures below are made on that basis.

 

1.

Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")

a)

Name

Jonathan Massing

2.

Reason for the notification

a)

Position / status

Non-Executive Deputy Chairman

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Kingswood Holdings Limited

b)

Legal Entity Identifier

213800DX97OROHY26686

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Convertible preference shares convertible into new ordinary shares at a conversion price of 16.5 pence

GG00BKY4K072

b)

Nature of the transaction

Subscription for convertible preference shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

16.5p

30,303,030

 

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

Number of shares calculated as 12.5% of up to £40m of convertible preference shares at a conversion price of 16.5 pence

e)

Date of the transaction(s)

11 December 2019

f)

Place of the transaction

AIM

 

1.

Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")

a)

Name

Gary Wilder

2.

Reason for the notification

a)

Position / status

Group CEO

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Kingswood Holdings Limited

b)

Legal Entity Identifier

213800DX97OROHY26686

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Convertible preference shares convertible into new ordinary shares at a conversion price of 16.5 pence

GG00BKY4K072

b)

Nature of the transaction

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

16.5p

30,303,030

 

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

Number of shares calculated as 12.5% of up to £40m of convertible preference shares at a conversion price of 16.5 pence

e)

Date of the transaction(s)

11 December 2019

f)

Place of the transaction

AIM

 

For further details, please contact:

Kingswood Holdings Limited

  +44 (0)20 7293 0730

Gary Wilder / Patrick Goulding

www.kingswood-group.com

 

 

finnCap Ltd (Nomad and Broker)

  +44 (0)20 7220 0500

Scott Mathieson / Anthony Adams - Corporate Finance

Tim Redfern / Richard Chambers - ECM

 

 

 

Greentarget (for media)

Jamie Brownlee / Alice Gasson / Ellie Basle 

  +44 (0)20 7324 5498

  [email protected]

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Kingswood Holdings Limited

Price: 25.5

Market: LSE
Market Cap: £55.31 m
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