REG - Kingswood Holdings - Deferred consideration payment

Kingswood HoldingsAnnouncement

06/10/2023 17:00

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RNS Number : 0168P  Kingswood Holdings Limited  06 October 2023

KINGSWOOD HOLDINGS LIMITED

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

Deferred consideration payment

Kingswood Holdings Limited (AIM: KWG), the international, fully integrated
wealth and investment management group, is pleased to announce that it has
made the final deferred consideration payment of £1.775m relating to the
acquisition of Sterling Trust Financial Consulting Limited (Sterling Trust),
as announced on 25 June 2020. This represents the maximum achievable earn-out
amount.

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

David Lawrence, Kingswood CEO, commented:

"Sterling Trust was a transformative acquisition for Kingswood when completed
in June 2020 and we have been delighted at the growth it has seen as part of
the Kingswood group".

 

 

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
                                        (mailto:Jamie.Brownlee@greentarget.co.uk)

 

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