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REG - Kingswood Holdings - Deferred consideration payment for Admiral

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RNS Number : 2902F  Kingswood Holdings Limited  03 November 2022

3 November 2022

Kingswood Holdings Limited

(" Kingswood" or the "Group")

 

Deferred consideration payment for Admiral Wealth Management

Settlement of second deferred consideration payment regarding the Admiral
Wealth Management business and assets acquired in August 2021

Kingswood Holdings Limited (AIM: KWG), the international fully integrated
wealth and investment management group, is pleased to announce that it has
made the second year 1 deferred consideration payment in the amount
of £0.5m relating to the acquisition of Admiral Wealth Management Limited,
as announced on 18 August 2021.

 

A portion of the cash proceeds from Kingswood's new funding facility,
announced on 17 October 2022, have been used to make this deferred
consideration payment.

 

ENDS

 

For further details, please contact:

 Kingswood Holdings Limited                          +44 (0)20 7293 0730
 David Lawrence                                      www.kingswood-group.com (http://www.kingswood-group.com/)
 finnCap Ltd (Nomad & Broker)                        +44 (0)20 7220 0500
 Simon Hicks / Abigail Kelly
 GreenTarget (for Kingswood media)                   +44 (0)20 7324 5498

 Jamie Brownlee / Alice Gasson / Ellie Basle         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 £9.5bn
billion of Assets under Advice and Management. It services circa 19,000
clients from a growing network of offices in the UK including Abingdon,
Beverley, Conisbrough, Darlington, Derby, Eastleigh, Grimsby, Harrogate,
Hull, Lincoln, London, Maidstone, Newcastle, Penn, Sheffield (2), Worcester
and York with overseas offices in Johannesburg, South Africa and Atlanta,
New York and San Diego in 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 becoming a leading
player in the wealth and investment management market through targeted
acquisitions in the UK and US, creating a global business through strategic
partnerships.

Registered office address: Mont Crevelt House, Bulwer Avenue, St. Sampson,
Guernsey, GY2 4LH

 

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