Deferred consideration payment for Admiral

RNS Number : 2902F

Kingswood Holdings Limited

03 November 2022

 

3 November 2022

Kingswood Holdings Limited

("   Kingswood" or the "Group")

Deferred consideration payment for Admiral Wealth Management

Settlement of second deferred consideration payment regarding the Admiral Wealth Management business and assets acquired in August 2021

Kingswood Holdings Limited (AIM: KWG), the international fully integrated wealth and investment management group, is pleased to announce that it has made the second year 1 deferred consideration payment in the amount of 0.5m relating to the acquisition of Admiral Wealth Management Limited, as announced on 18 August 2021.

A portion of the cash proceeds from Kingswood's new funding facility, announced on 17 October 2022, have been used to make this deferred consideration payment.

ENDS  

For further details, please contact:

Kingswood Holdings Limited	[phone]
David Lawrence	www.kingswood-group.com
finnCap Ltd (Nomad & Broker)	[phone]
Simon Hicks / Abigail Kelly
GreenTarget (for Kingswood media) Jamie Brownlee / Alice Gasson / Ellie Basle	[phone] [e-mail]

About Kingswood

Kingswood Holdings Limited (trading as Kingswood) is an AIM-listed (AIM: KWG) international fully integrated wealth management group with circa 9.5bn billion of Assets under Advice and Management. It services circa 19,000 clients from a growing network of offices in the UK including Abingdon, Beverley, Conisbrough, Darlington, Derby, Eastleigh, Grimsby, Harrogate, Hull, Lincoln, London, Maidstone, Newcastle, Penn, Sheffield (2), Worcester and York with overseas offices in Johannesburg, South Africa and Atlanta, New York and San Diego in 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 becoming a leading player in the wealth and investment management market through targeted acquisitions in the UK and US, creating a global business through strategic partnerships.

Registered office address: Mont Crevelt House, Bulwer Avenue, St. Sampson, Guernsey, GY2 4LH

 

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