Director/PDMR dealing

RNS Number : 9231D

Kingswood Holdings Limited

01 July 2019

 

1 July 2019

KINGSWOOD HOLDINGS LIMITED

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

Director/PDMR dealing

Kingswood Holdings Limited (AIM: KWG), the integrated wealth management group, announces that the Company has been notified that Farmilon Investment Ltd, a trust of which Lena West, wife of Buzz West, Non-Executive Chairman of the Group, is a beneficiary has purchased a total of 1,352,283 ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") at a price of 7 pence per Ordinary Share (the "Share Purchase").

Following the Share Purchase, the total direct and indirect beneficial interest of Buzz West is 4,536,075 Ordinary Shares representing 2.82 per cent. of the Company's issued share capital.

For further details, please contact:

Kingswood Holdings Limited	[phone]
Gary Wilder / Patrick Goulding	www.kingswood-group.com
finnCap Ltd (Nomad and Broker)	[phone]
Scott Mathieson / Anthony Adams (Corporate Finance) Tim Redfern / Richard Chambers (ECM)
Greentarget (for media)	[phone]
Jamie Brownlee / Alice Gasson / Ellie Basle

About Kingswood                                       

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 as well as an office in Johannesburg, South Africa and recently acquired a strategic stake in US-based, Manhattan Harbor.

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, with the ultimate goal of creating a global business through strategic partnerships.

1.	Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")
a)	Name	Farmilon Investment Ltd
2.	Reason for the notification
a)	Position / status	Trust of which Lena West, wife of Buzz West, Non-Executive Chairman, is a beneficiary
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
b)	Nature of the transaction	Purchase of ordinary shares of 5 pence each in the Company
c)	Price(s) and volume(s)	Price(s) Volume(s) 7p 1,352,283
d)	Aggregated information -     Aggregated volume -     Aggregated price	As above
e)	Date of the transaction(s)	27 June 2019
f)	Place of the transaction	London Stock Exchange, AIM

 

END

 

 

DSHEAPKPADLNEFF