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viewKingswood Holdings Limited

Director/PDMR Holdings

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RNS Number : 0839W
Kingswood Holdings Limited
12 April 2019
 

12th  April 2019

KINGSWOOD HOLDINGS LIMITED

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

Director/ PDMR Holdings

The PDMR tables below relate to a £1 million draw down by KWG on the existing convertible term loan facility with KPI (Nominees) Limited ("KPI"). 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.

 

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

Ordinary shares of 5 pence each in the Company

GG00BKY4K072

b)

Nature of the transaction

Conversion rights to ordinary shares of 5 pence in the Company, in relation to the existing convertible facility. Borrower or lender has right to convert funds drawn to ordinary shares at the conversion price of the lower of:-

(a)      16.5 pence; and

(b)      the average mid-market closing price of the Company's ordinary shares for the 20 Business Days prior to the date on which the Conversion Notice is served;

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

NA

NA

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

 

As above

 

e)

Date of the transaction(s)

12TH April,2019

f)

Place of the transaction

Outside of trading venue

 

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

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

Ordinary shares of 5 pence each in the Company

GG00BKY4K072

b)

Nature of the transaction

Conversion rights to ordinary shares of 5 pence in the Company, in relation to the existing convertible facility. Borrower or lender has right to convert funds drawn to ordinary shares at the conversion price of the lower of:-

(a)      16.5 pence; and

(b)          the average mid-market closing price of the Company's ordinary shares for the 20 Business Days prior to the date on which the Conversion Notice is served;

c)

Price(s) and volume(s)

Price(s)

Volume(s)

NA

NA

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

 

As above

 

e)

Date of the transaction(s)

12th April, 2019

f)

Place of the transaction

Outside of trading venue

 

For further details, please contact:

Kingswood Holdings Limited

+44 (0)20 7623 2368

Gary Wilder/Patrick Goulding

 



finnCap Ltd (Nomad and Broker)

+44 (0)20 7220 0500

Ed Frisby / Scott Mathieson / Anthony Adams - Corproate Finance

Tim / Richard Chambers- ECM




Greentarget (for media)

Jamie Brownlee

+44 (0)20 7250 7000

[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: 20.6255

Market: LSE
Market Cap: £44.74 m
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