KINGSWOOD HOLDINGS LIMITED
("Kingswood" or the "Group")
Kingswood Holdings Limited (AIM: KWG), the integrated wealth management group, announces that, further to the issue of new equity in the Group announced on 1 May 2019 which was admitted to trading on AIM on 8 May 2019, Astoria's shareholding in the Group has fallen below the 17.5% threshold necessary for them to maintain the right to have a nominated director on Kingswood's Board. Consequently, Darryl Kaplan, based in Sydney and CEO of Astoria, has ceased to be a non-executive director of the Group with immediate effect.
For further details, please contact:
Kingswood Holdings Limited
+44 (0)20 7293 0730
Gary Wilder / Patrick Goulding
finnCap Ltd (Nomad and Broker)
+44 (0)20 7220 0500
Ed Frisby / Scott Mathieson / Anthony Adams (Corporate Finance)
Tim Redfern / Richard Chambers (ECM)
Greentarget (for media)
+44 (0)20 7324 5480
Kingswood Holdings Limited (trading as Kingswood) is an AIM-listed (AIM: KWG) integrated wealth management group, with more than 4,500 active clients and c.£2 billion of Assets Under Management and Advice. It has a growing network of offices in the UK including London, Manchester, Cheltenham, Maidstone, Worcester, Beverley and Abingdon, and an office in Johannesburg, South Africa.
Kingswood offers a portfolio of services to its clients, which range from private individuals to some of the UK's largest universities and institutions, including investment advice and management, personal and company pensions, wealth planning, and stockbroking. Kingswood is focused on becoming a leading player in the wealth management market through targeted acquisitions in the UK, with the ultimate goal of creating a global business through strategic partnerships and its ambition is to gain a foothold in the US market in the near future.
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Quick facts: Kingswood Holdings Limited
Market Cap: £32.54 m
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