Director/PDMR Holdings

RNS Number : 0839W

Kingswood Holdings Limited

12 April 2019

 

12^th  April 2019

KINGSWOOD HOLDINGS LIMITED

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

Director/ PDMR Holdings

The PDMR tables below relate to a £1 million draw down by KWG on the existing convertible term loan facility with KPI (Nominees) Limited ("KPI"). KPI is owned by Kingswood Property Finance Limited Partnership ("KPFLP"), a private investment partnership wholly owned by Gary Wilder, CEO of KWG, and Jonathan Massing, Non-Executive Deputy Chairman of KWG.

1.	Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")
a)	Name	Jonathan Massing
2.	Reason for the notification
a)	Position / status	Non-Executive Deputy Chairman
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 in the Company GG00BKY4K072
b)	Nature of the transaction	Conversion rights to ordinary shares of 5 pence in the Company, in relation to the existing convertible facility. Borrower or lender has right to convert funds drawn to ordinary shares at the conversion price of the lower of:- (a)      16.5 pence; and (b)      the average mid-market closing price of the Company's ordinary shares for the 20 Business Days prior to the date on which the Conversion Notice is served;
c)	Price(s) and volume(s)	Price(s) Volume(s) NA NA
d)	Aggregated information -     Aggregated volume -     Aggregated price	As above
e)	Date of the transaction(s)	12TH April,2019
f)	Place of the transaction	Outside of trading venue

1.	Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")
a)	Name	Gary Wilder
2.	Reason for the notification
a)	Position / status	CEO
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 in the Company GG00BKY4K072
b)	Nature of the transaction	Conversion rights to ordinary shares of 5 pence in the Company, in relation to the existing convertible facility. Borrower or lender has right to convert funds drawn to ordinary shares at the conversion price of the lower of:- (a)      16.5 pence; and (b)          the average mid-market closing price of the Company's ordinary shares for the 20 Business Days prior to the date on which the Conversion Notice is served;
c)	Price(s) and volume(s)	Price(s) Volume(s) NA NA
d)	Aggregated information -     Aggregated volume -     Aggregated price	As above
e)	Date of the transaction(s)	12th April, 2019
f)	Place of the transaction	Outside of trading venue

For further details, please contact:

Kingswood Holdings Limited	[phone]
Gary Wilder/Patrick Goulding
finnCap Ltd (Nomad and Broker)	[phone]
Ed Frisby / Scott Mathieson / Anthony Adams - Corproate Finance Tim / Richard Chambers- ECM
Greentarget (for media) Jamie Brownlee	[phone] [e-mail]

 

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