REG - Kingswood Holdings - Additional Debt Facility

Kingswood HoldingsAnnouncement

14/03/2025 16:30

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RNS Number : 8034A  Kingswood Holdings Limited  14 March 2025

Kingswood Holdings Limited

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

 

Additional Debt Facility

 

Further to the announcement on 12 March 2025 relating to the Company's
immediate funding needs and the subsequent announcement that HSQ Investment
Limited ("HSQ"), a wholly owned indirect subsidiary of funds managed and/or
advised by Pollen Street Capital Limited ("Pollen Street"), has acquired all
of the Kingswood Shares owned by KPI Nominees Ltd, Kingswood is pleased to
announce an additional £4.8m debt facility (the "Facility Agreement") to
provide the Company with the capital it needs to meet its immediate deferred
consideration obligations.

The headline terms of the Facility Agreement are:

-       £4.8m facility;

-       Repayment date of earlier of 29 October 2030 or date of an exit
or partial exit; and

-       Interest rate of 12%, paid at maturity.

Kingswood is entering into the Facility Agreement with an affiliate of HSQ
Lindsey McMurray and Duncan Gerard are Non-Executive Directors of the Company
and employees of Pollen Street Capital Limited ("Pollen Street") an affiliate
of HSQ. Accordingly, entering into the Facility Agreement constitutes a
related party transaction under Rule 13 of the AIM Rules for Companies.

As such, the Directors of the Company (other than Lindsey McMurray and Duncan
Gerard) consider, having consulted with Cavendish Capital Market Limited, the
Company's Nominated Adviser, that the terms of the Facility Agreement are fair
and reasonable insofar as the Company's shareholders are concerned.

For further details, please contact:

 Kingswood Holdings Limited                               +44 (0)20 7293 0730
 Peter Coleman                                            www.kingswood-group.com (http://www.kingswood-group.com/)
 Cavendish Capital Markets Limited (Nomad & Broker)       +44 (0)20 7220 0500
 Marc Milmo / Isaac Hooper
 GreenTarget (for Kingswood media)                        +44 (0)20 7324 5498

 Jamie Brownlee / Ellie Basle                             Jamie.Brownlee@greentarget.co.uk (mailto:Jamie.Brownlee@greentarget.co.uk)

About Kingswood

Kingswood Holdings Limited (trading as Kingswood) is an AIM-listed (AIM: KWG)
international fully integrated wealth management group with circa £12
billion of assets under advice and management. It services circa 19k clients
from a growing network of offices across the UK with overseas offices in
Ireland, South Africa and the US.

Kingswood offers a range of trusted investment solutions 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 and wealth planning. Kingswood is focused on building on its position
as a leading player in the wealth and investment management market through
targeted acquisitions, creating a global business through strategic
partnerships.

 

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