Kingswood Holdings Limited Directorate change (3431Y)
May 08 2019 - 2:32AM
UK Regulatory
TIDMKWG
RNS Number : 3431Y
Kingswood Holdings Limited
08 May 2019
KINGSWOOD HOLDINGS LIMITED
("Kingswood" or the "Group")
Directorate change
Kingswood Holdings Limited (AIM: KWG), the integrated wealth
management group, announces that, further to the issue of new
equity in the Group announced on 1 May 2019 which was admitted to
trading on AIM on 8 May 2019, Astoria's shareholding in the Group
has fallen below the 17.5% threshold necessary for them to maintain
the right to have a nominated director on Kingswood's Board.
Consequently, Darryl Kaplan, based in Sydney and CEO of Astoria,
has ceased to be a non-executive director of the Group with
immediate effect.
For further details, please contact:
Kingswood Holdings Limited +44 (0)20 7293 0730
Gary Wilder / Patrick Goulding www.kingswood-group.com
finnCap Ltd (Nomad and Broker) +44 (0)20 7220 0500
Ed Frisby / Scott Mathieson / Anthony Adams (Corporate
Finance)
Tim Redfern / Richard Chambers (ECM)
Greentarget (for media) +44 (0)20 7324 5480
Jamie Brownlee
About Kingswood
Kingswood Holdings Limited (trading as Kingswood) is an
AIM-listed (AIM: KWG) integrated wealth management group, with more
than 4,500 active clients and c.GBP2 billion of Assets Under
Management and Advice. It has a growing network of offices in the
UK including London, Manchester, Cheltenham, Maidstone, Worcester,
Beverley and Abingdon, and an office in Johannesburg, South
Africa.
Kingswood offers a portfolio of services 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, wealth planning, and
stockbroking. Kingswood is focused on becoming a leading player in
the wealth management market through targeted acquisitions in the
UK, with the ultimate goal of creating a global business through
strategic partnerships and its ambition is to gain a foothold in
the US market in the near future.
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END
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