Kingswood Holdings Limited (AIM: KWG), the integrated wealth management group, announces that at the General Meeting of the Company held earlier today all the Resolutions were duly passed.
Following the passing of the Resolutions, the Company can confirm that the only outstanding condition that needs to be satisfied before the Convertible Preference Shares can be issued to Pollen Street is, amongst other things, for Pollen Street to receive approval from the FCA in relation to its holding of Convertible Preference Shares and in relation to its potential interest in the Ordinary Shares of Kingswood arising on conversion of the Convertible Preference Shares. The application for this approval has been submitted by Pollen Street and a further announcement in relation to this will be issued at the appropriate time.
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as the definitions set out in Appendix II of the announcement dated 12 September 2019.
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
Scott Mathieson / Anthony Adams - Corporate Finance
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