08:00 Wed 28 Aug 2019
Kingswood Holdings - Conversion Notice and Issue of Equity
KINGSWOOD HOLDINGS LIMITED
("KWG", the "Company" or the "Group")
Conversion Notice, Issue of Equity and FCA Change of Control Approval
KPI has requested to convert the remaining
As a result of this exercise notice, a total of 17,510,444 Ordinary Shares will be issued pursuant to the Conversion (the "Conversion Shares").
Following the Conversion, KPI will hold 116,995,633 Ordinary Shares in the Company, representing 53.93 per cent. of the Company's enlarged issued share capital.
No further amounts are capable of being drawn down by the Company under the Convertible Facilities.
FCA Change of Control Approval and Rule 9 Waiver
KPI has confirmed to the Company that it has received change of control approval from the
Shareholders in the Company should note that KPI has previously received a waiver granted by the
Admission and Total Voting Rights
Application will be made to the
Following Admission the Company will have 216,920,719 Ordinary Shares in issue. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company will be 216,920,719. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the
PDMR disclosures
KPI is owned by
1. |
Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA") |
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a) |
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2. |
Reason for the notification |
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a) |
Position / status |
Non-Executive Deputy Chairman |
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b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
Legal Entity Identifier |
213800DX97OROHY26686 |
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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 |
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a) |
Description of the financial instrument |
Ordinary shares of GG00BKY4K072 |
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b) |
Nature of the transaction |
Conversion of existing convertible term loan facility into ordinary shares of |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Aggregated price |
As above
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e) |
Date of the transaction(s) |
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f) |
Place of the transaction |
Off-market |
1. |
Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA") |
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a) |
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2. |
Reason for the notification |
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a) |
Position / status |
CEO |
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b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
Legal Entity Identifier |
213800DX97OROHY26686 |
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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 |
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a) |
Description of the financial instrument |
Ordinary shares of GG00BKY4K072 |
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b) |
Nature of the transaction |
Conversion of existing convertible term loan facility into ordinary shares of |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Aggregated price |
As above
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e) |
Date of the transaction(s) |
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f) |
Place of the transaction |
Off-market |
For further details, please contact:
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+44 (0)20 7293 0730 |
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finnCap Ltd (Nomad and Broker) |
+44 (0)20 7220 0500 |
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Greentarget (for media) |
+44 (0)20 7324 5498 |
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