TIDMEWG
RNS Number : 2515U
European Wealth Group Limited
23 October 2017
European Wealth Group Limited
("EWG", the "Company" or the "Group")
Board Appointments
European Wealth Group Limited (AIM: EWG, EWGL), the integrated
wealth management group, is pleased to announced that, pursuant to
the terms of the Subscription and Underwriting Agreement entered
into on 23 June 2017, Jonathan Massing and Gary Wilder, have been
appointed as Non-Executive directors of the Company, as nominated
representatives of KPI (Nominees) Limited ("KPI"), with immediate
effect.
Under the relationship agreement entered into with KPI in
connection with the Subscription and Underwriting Agreement,
Kingswood has the right to nominate two directors to the Board of
the Company, for as long as it holds in excess of 20 per cent. of
the ordinary shares of the Company.
Jonathan Massing, a chartered accountant, founded the City-based
advisory firm Kingswood in 1993. Kingswood specialises in corporate
finance and professional services for private entrepreneurial
businesses and smaller companies.
Jonathan currently serves as the company's managing partner with
a strong expertise in commercial and corporate finance advisory,
buyouts, venture capital, shareholder dispute advisory, and private
businesses valuation. He also acts as an independent financial
expert. Jonathan has extensive experience in the sale and
acquisition of private companies. He also provides advice on debt
structures and working capital facilities.
In 1998 he set up Kingswood Investment Partners Limited as a
private equity investor. He is also a founder of Kingswood Property
Finance Limited Partnership.
Gary Wilder has over 30 years' experience of real estate
investment, structured finance and private equity in Europe, Asia
and the US and has been involved in all phases of the investment
process including equity capital raising, fund structuring, debt
financing, property acquisitions, asset management and sales. He
has built up an extensive network of deep relationships with key
players, advisors, brokers, consultants, investment banks and
analysts.
He co-founded Moor Park in 2006, which today has a team of 34
employees and consultants and offices in London and Hamburg. Prior
to founding Moor Park, Gary was a Managing Partner and Co-Head of
European Funds Group within Nomura, a team he created following his
role as Head of Nomura's Real Estate Principal Finance Group. He
was also a member of Nomura's Global Fixed Income Committee.
Between 1999 and 2002, he was Partner & Managing Director at
Credit Suisse First Boston responsible for its European Real Estate
Investment Banking business. In the period 1992-1999, Gary was a
Managing Director at Bankers Trust (now Deutsche Bank) in the Real
Estate Group.
Gary is also a founder partner of Kingswood Property Finance
Limited Partnership, and alongside his partner Jonathan Massing has
undertaken a range of long term private equity investments and
financial transactions.
Marianne Ismail, Chief Executive Officer of the Company,
commented: "We welcome Jonathan and Gary to the Board of EWG. The
skills and experiences they both bring to the Company from their
varied commercial and financial roles are a very good match for the
Company and we look forward to working with them as we seek to grow
the Group."
Additional Information on Jonathan Massing and Gary Wilder
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies.
Jonathan Fraser Massing, aged 58, has been a director of the
following companies during the five years preceding the date of
this announcement:
Current directorships Past directorships
------------------------ -------------------
29-31 Eastways Limited -
Gentleaid Limited
Gentleaid (2) Limited
Gentleaid (6) Limited
Gentleaid (13)Limited
Kingswood Financial
Services Limited
Kingswood Investment
Partners Limited
Kingswood Holdings
Limited
Kingswood (CA'S)
Limited
Kingswood Corporate
Finance Limited
Kingswood LLP
Kingswood CF LLP
Kingswood Property
Finance Limited
KPI (Nominees) Limited
KPI Spire (1) Limited
KPI Spire (2) Limited
KPI Spire (3) Limited
KPI Spire (4) Limited
KPI Spire (5) Limited
KPI Ardmore Limited
KPI (S2K) Limited
KPI Newbridge Limited
Moor Park Investors
Limited
Sherwood Management
Limited
Gary Spencer Wilder, aged 55, has been a director of the
following companies during the five years preceding the date of
this announcement:
Current directorships Past directorships
--------------------------- -------------------
Gamich LLP Ashmote Ltd
Gary Wilder Ltd
Gentleaid (7) Limited
Gentleaid (8) Limited
Independent International
Records Limited
Kingswood Investment
Partners Limited
KPI Newbridge Limited
KPI (Nominees) Limited
KPI (S2K) Limited
KPI Spire (1) Limited
KPI Spire (2) Limited
KPI Spire (3) Limited
KPI Spire (4) Limited
KPI Spire (5) Limited
KPI Ardmore Limited
Offline Record Limited
At the date of this announcement, neither Mr. Massing nor Mr
Wilder have any beneficial interest in the ordinary shares of the
Group. KPI, a company of which Mr. Massing and Mr. Wilder are both
directors, holds 39,772,165 ordinary shares in the Group,
representing 39.99% of the Company's issued share capital.
Save for the disclosures above, there are no further disclosures
to be made in accordance with Rule 17 and Schedule 2(g) of the AIM
Rules.
For further details, please contact:
European Wealth Group +44 (0)20 7623
Limited 2368
Marianne Ismail
Hugo Evans
finnCap Ltd (Nomad
and Broker) +44 (0)20 7220 0500
Adrian Hargrave
Scott Mathieson
Anthony Adams
Redleaf Communications +44 (0)20 7382 4730
Emma Kane
Robin Tozer
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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