REG - Kingswood Holdings - Deferred consideration payment

Kingswood HoldingsAnnouncement

08/12/2022 17:15

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RNS Number : 1286J  Kingswood Holdings Limited  08 December 2022

8(th) December 2022

 

 

Deferred consideration payment for Money Matters (North East) Limited

Settlement of first deferred consideration payment regarding the Money Matters
(North East) Limited business and assets acquired in November 2021

 

Kingswood Holdings Limited (AIM: KWG), the international fully integrated
wealth and investment management group, is pleased to announce that it has
made the first deferred consideration payment in the amount
of £0.4m relating to the acquisition of Money Matters (North East)
Limited, as announced on 15(th) November 2021.

Kingswood will satisfy the consideration through the utilisation of its
funding facility, as announced on 17(th) October 2022.

 

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 / 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 £10
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 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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