Long Term Incentive Plan Awards

RNS Number : 6861K

Kingswood Holdings Limited

06 May 2022

 

6^th May 2022

KINGSWOOD HOLDINGS LIMITED

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

Long Term Incentive Plan Awards

Kingswood Holdings Limited (AIM:KWG), trading as Kingswood, the vertically integrated wealth management group, is pleased to announce awards under the 2022 LTIP scheme to Directors of the Company or Persons Discharging Managerial Responsibilities ("PDMRs") in order to align them with the delivery of the long term goals (the "Awards"). Kingswood is committed to an employee ownership model and the granting of awards is a key part of this.

This builds on the awards issued in the 2019 and 2021 LTIP scheme.

Director / PDMR awards

The following Awards under the 2022 LTIP are options over ordinary shares of the Company with an exercise price of 16.5p and were granted on 6 May 2022.

Name	Role	Number of options granted under the Award	Exercise Price(p)	Vesting Date
David  Lawrence	Group Chief Executive Officer	1,000,000	16.5p	31st December 2024
Jonathan Millam	Chief Financial Officer	750,000	16.5p	31st December 2024
Richard Bernstein	Chief Risk Officer	300,000	16.5p	31st December 2024

The Awards are subject to a three-year performance period linked to the Company's growth as measured against performance targets and are subject to clawback and malus provisions.

The Awards are subject to achieving agreed annual EBITDA targets or subject to the average market value of the shares on the day following expiry being not less than 39p.

ENDS

For further details, please contact:

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1 Details of PDMR / person closely associated  a) Name David Lawrence  2. Reason for the notification  a) Position / Status Group Chief Executive Officer  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) LEI 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, type of instrument  Identification code Ordinary shares of 5 pence each in the Company GG00BKY4K072  b) Nature of the transaction Grant of awards under the Kingswood Holdings Limited Long Term Incentive Plan  c) Price (pence) and volume Price(s) Volume(s) 16.5p 1,000,000  d) Aggregated information -  Aggregated volume 1,000,000 -   Price (pence) 16.5p  e) Date of the transaction 06 May 2022  f) Place of the transaction Off market transaction

1	Details of PDMR / person closely associated
a)	Name	Jonathan Millam
2.	Reason for the notification
a)	Position / Status	Chief Financial Officer
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)	LEI	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, type of instrument  Identification code	Ordinary shares of 5 pence each in the Company GG00BKY4K072
b)	Nature of the transaction	Grant of awards under the Kingswood Holdings Limited Long Term Incentive Plan
c)	Price (pence) and volume	Price(s) Volume(s) 16.5p 750,000
d)	Aggregated information -  Aggregated volume	750,000
	-   Price (pence)	16.5p
e)	Date of the transaction	06 May 2022
f)	Place of the transaction	Off market transaction

1	Details of PDMR / person closely associated
a)	Name	Richard Bernstein
2.	Reason for the notification
a)	Position / Status	Group Risk Officer
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)	LEI	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, type of instrument  Identification code	Ordinary shares of 5 pence each in the Company GG00BKY4K072
b)	Nature of the transaction	Grant of awards under the Kingswood Holdings Limited Long Term Incentive Plan
c)	Price (pence) and volume	Price(s) Volume(s) 16.5p 300,000
d)	Aggregated information -  Aggregated volume	300,000
	-   Price (pence)	16.5p
e)	Date of the transaction	06 May 2022
f)	Place of the transaction	Off market transaction

 

END

 

 

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