REG - Kingswood Holdings - Director/PDMR Shareholding
RNS Number : 7476WKingswood Holdings Limited13 December 2019KINGSWOOD 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
+44 (0)20 7293 0730
Gary Wilder / Patrick Goulding
www.kingswood-group.com
finnCap Ltd (Nomad and Broker)
+44 (0)20 7220 0500
Scott Mathieson / Anthony Adams - Corporate Finance
Tim Redfern / Richard Chambers - ECM
Greentarget (for media)
Jamie Brownlee / Alice Gasson / Ellie Basle
+44 (0)20 7324 5498
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