REG - Kingswood Holdings - Long Term Incentive Plan Awards

Kingswood HoldingsAnnouncement

06/05/2022 18:00

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RNS Number : 6861K  Kingswood Holdings Limited  06 May 2022

6(th) May 2022

 

KINGSWOOD HOLDINGS LIMITED

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

 

Long Term Incentive Plan Awards

 

Kingswood Holdings Limited (AIM:KWG), trading as Kingswood, the vertically
integrated wealth management group, is pleased to announce awards under the
2022 LTIP scheme to Directors of the Company or Persons Discharging Managerial
Responsibilities ("PDMRs") in order to align them with the delivery of the
long term goals (the "Awards"). Kingswood is committed to an employee
ownership model and the granting of awards is a key part of this.

This builds on the awards issued in the 2019 and 2021 LTIP scheme.

 

Director / PDMR awards

The following Awards under the 2022 LTIP are options over ordinary shares of
the Company with an exercise price of 16.5p and were granted on 6 May 2022.

  Name              Role                           Number of options granted under the Award  Exercise Price(p)  Vesting Date
 David  Lawrence    Group Chief Executive Officer  1,000,000                                  16.5p              31(st) December 2024
 Jonathan Millam    Chief Financial Officer        750,000                                    16.5p              31(st) December 2024
 Richard Bernstein  Chief Risk Officer             300,000                                    16.5p              31(st) December 2024

 

The Awards are subject to a three-year performance period linked to the
Company's growth as measured against performance targets and are subject to
clawback and malus provisions.

The Awards are subject to achieving agreed annual EBITDA targets or subject to
the average market value of the shares on the day following expiry being not
less than 39p.

 

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

   Stuart Andrews / Simon Hicks / Abigail Kelly

   GreenTarget (for Kingswood media)                         +44 (0)20 7324 5498

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

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 

      1    Details of PDMR / person closely associated
      a)   Name                                                                 David Lawrence
      2.   Reason for the notification
      a)   Position / Status                                                    Group Chief Executive Officer
      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)   LEI                                                                  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, type of instrument          Ordinary shares of 5 pence each in the Company

        Identification code

                                           GG00BKY4K072
      b)   Nature of the transaction                                            Grant of awards under the Kingswood Holdings Limited Long Term Incentive Plan
      c)   Price (pence) and volume                                             Price(s)  Volume(s)
                                           16.5p     1,000,000

      d)   Aggregated information                                               1,000,000

        -      Aggregated volume
           -      Price (pence)                                                 16.5p
      e)   Date of the transaction                                              06 May 2022
      f)   Place of the transaction                                             Off market transaction

 

      d)

     Aggregated information

     -      Aggregated volume

     1,000,000

     -      Price (pence)

     16.5p

      e)

     Date of the transaction

     06 May 2022

      f)

     Place of the transaction

     Off market transaction

 

 d)

Aggregated information

-      Aggregated volume

1,000,000

 

-      Price (pence)

16.5p

 e)

Date of the transaction

06 May 2022

 f)

Place of the transaction

Off market transaction

 

 

 

  1    Details of PDMR / person closely associated
  a)   Name                                                                 Jonathan Millam
  2.   Reason for the notification
  a)   Position / Status                                                    Chief Financial Officer
  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)   LEI                                                                  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, type of instrument          Ordinary shares of 5 pence each in the Company

       Identification code

                                                                            GG00BKY4K072
  b)   Nature of the transaction                                            Grant of awards under the Kingswood Holdings Limited Long Term Incentive Plan
  c)   Price (pence) and volume                                             Price(s)  Volume(s)
                                                                            16.5p     750,000

 
  d)   Aggregated information                                               750,000

       -      Aggregated volume
       -      Price (pence)                                                 16.5p
  e)   Date of the transaction                                              06 May 2022
  f)   Place of the transaction                                             Off market transaction

 

 d)

Aggregated information

-      Aggregated volume

750,000

 

-      Price (pence)

16.5p

 e)

Date of the transaction

06 May 2022

 f)

Place of the transaction

Off market transaction

 

 

  1    Details of PDMR / person closely associated
  a)   Name                                                                 Richard Bernstein
  2.   Reason for the notification
  a)   Position / Status                                                    Group Risk Officer
  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)   LEI                                                                  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, type of instrument          Ordinary shares of 5 pence each in the Company

       Identification code

                                                                            GG00BKY4K072
  b)   Nature of the transaction                                            Grant of awards under the Kingswood Holdings Limited Long Term Incentive Plan
  c)   Price (pence) and volume                                             Price(s)  Volume(s)
                                                                            16.5p     300,000

 
  d)   Aggregated information                                               300,000

       -      Aggregated volume
       -      Price (pence)                                                 16.5p
  e)   Date of the transaction                                              06 May 2022
  f)   Place of the transaction                                             Off market transaction

 

 d)

Aggregated information

-      Aggregated volume

300,000

 

-      Price (pence)

16.5p

 e)

Date of the transaction

06 May 2022

 f)

Place of the transaction

Off market transaction

 

 

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