Kingswood
Holdings Limited
("Kingswood", the "Company" or the
"Group")
Additional Debt Facility
Further to the announcements of 15
August 2024, 7 May 2024 and 16 February 2024, Kingswood Holdings
Limited (AIM:KWG), the international, vertically integrated wealth
and investment management group, announces an additional £4.0m debt
facility (the "Facility Agreement") to provide the Company with the
capital required in the short term to provide additional working
capital to the Company. The headline terms of the Facility
Agreement are:
- £4.0m
facility;
- Repayment date of
earlier of 29 October 2030 or date of an exit or partial exit;
and
- Interest rate of 12%,
paid at maturity.
Kingswood is entering into an
additional Facility Agreement with an affiliate of HSQ INVESTMENT
LIMITED. Lindsey McMurray and Duncan Gerard are Non-Executive
Directors of the Company and employees of Pollen Street Capital
Limited ("Pollen Street") an affiliate of HSQ INVESTMENTS LIMITED.
Accordingly, entering into the Facility Agreement constitutes a
related party transaction under Rule 13 of the AIM Rules for
Companies.
As such, the Directors of the
Company (other than Lindsey McMurray and Duncan Gerard) consider,
having consulted with Cavendish Capital Market Limited, the
Company's Nominated Adviser, that the terms of the Facility
Agreement are fair and reasonable insofar as the Company's
shareholders are concerned.
For further details, please
contact:
|
Kingswood Holdings
Limited
|
+44 (0)20
7293 0730
|
|
Peter
Coleman
|
www.kingswood-group.com |
|
Cavendish Capital Markets
Limited (Nomad & Broker)
|
+44 (0)20
7220 0500
|
|
Marc Milmo
/ Abigail Kelly
|
|
|
GreenTarget (for Kingswood
media)
Jamie
Brownlee / Ellie Basle
|
+44 (0)783
457 1183
eleonore.basle@greentarget.co.uk
|
About Kingswood
Kingswood Holdings
Limited (trading as Kingswood) is an AIM-listed (AIM: KWG)
international fully integrated wealth management group with
circa £12 billion of assets under advice and management.
It services circa 19k clients from a growing network of offices
across the UK with overseas offices in Ireland, South
Africa and the US.
Kingswood offers a range of trusted
investment solutions 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 and wealth planning. Kingswood is focused on
building on its position as a leading player in the wealth and
investment management market through targeted acquisitions,
creating a global business through strategic
partnerships.
This announcement contains inside information for the purposes
of article 7 of the Market Abuse Regulation (596/2014/EU) as it
forms part of UK domestic law by virtue of the European Union
(withdrawal) act 2018 ("MAR").