Director/PDMR Shareholding

RNS Number : 7476W

Kingswood Holdings Limited

13 December 2019

 

KINGSWOOD HOLDINGS LIMITED

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

Director/PDMR Holdings

Kingswood Holdings Limited (AIM: KWG), the integrated wealth management group, announces that it was notified on 11 December 2019 that KPI (Nominees) Limited ("KPI") has entered into an agreement with HSQ Investment Limited ("Pollen Street"), a wholly owned indirect subsidiary of funds managed and/or advised by Pollen Street Capital Limited, (the "Agreement") to subscribe for 12.5% of the first 40 million irredeemable Convertible Preference Shares subscribed for by Pollen Street under the terms of the subscription agreement between Kingswood and Pollen Street that was announced on 12 September 2019.

PDMR disclosures

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, and the PDMR disclosures below are made on that basis.

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	Convertible preference shares convertible into new ordinary shares at a conversion price of 16.5 pence GG00BKY4K072
b)	Nature of the transaction	Subscription for convertible preference shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 16.5p 30,303,030
d)	Aggregated information -     Aggregated volume -     Aggregated price	Number of shares calculated as 12.5% of up to £40m of convertible preference shares at a conversion price of 16.5 pence
e)	Date of the transaction(s)	11 December 2019
f)	Place of the transaction	AIM

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	Group 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	Convertible preference shares convertible into new ordinary shares at a conversion price of 16.5 pence GG00BKY4K072
b)	Nature of the transaction
c)	Price(s) and volume(s)	Price(s) Volume(s) 16.5p 30,303,030
d)	Aggregated information -     Aggregated volume -     Aggregated price	Number of shares calculated as 12.5% of up to £40m of convertible preference shares at a conversion price of 16.5 pence
e)	Date of the transaction(s)	11 December 2019
f)	Place of the transaction	AIM

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) Jamie Brownlee / Alice Gasson / Ellie Basle	[phone]   [e-mail]

 

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