Kingswood Holdings Limited Related Party Transactions (7016I)
December 15 2020 - 4:57AM
UK Regulatory
TIDMKWG
RNS Number : 7016I
Kingswood Holdings Limited
15 December 2020
15(th) December 2020
Kingswood Holdings Limited
Related Party Transactions
Kingswood Holdings Limited (AIM: KWG), announces that during the
course of 2020 it entered into a small number of transactions with
Kingswood LLP, totalling GBP116,000. Kingswood LLP provided
financial due diligence, accounting support, and payroll related
services to Kingswood Holdings Limited.
As Kingswood LLP is majority owned by Jonathan Massing, who is a
director of Kingswood Holdings Limited, these transactions
represent related party transactions under Rule 13 of the AIM
Rules. Gary Wilder is also both a member of the Kingswood LLP
partnership, and a director of Kingswood Holdings Limited.
The independent directors of the Company, having consulted with
Peel Hunt LLP in its capacity as the Company's nominated adviser
for the purposes of the AIM Rules, consider the terms of this
transactions to be fair and reasonable insofar as the Company's
shareholders are concerned.
Independent directors in relation to the matter are all of the
directors of the Company except for Jonathan Massing and Gary
Wilder, who are not considered independent because of their
interest in Kingswood LLP.
For further details, please contact:
Kingswood Holdings Limited +44 (0)20 7293 0730
Patrick Goulding www.kingswood-group.com
Peel Hunt LLP (Nomad and Broker) +44 (0)20 7418 8900
James Britton / Rishi Shah
Greentarget (for Kingswood media) +44 (0)20 7324 5498
Jamie Brownlee / Alice Gasson / Ellie Jamie.Brownlee@greentarget.co.uk
Basle
About Kingswood
Kingswood Holdings Limited (trading as Kingswood) is an
AIM-listed (AIM: KWG) international fully integrated wealth
management group, with around 16,000 active clients and circa
GBP5.6 billion of Assets under Advice and Management. It has a
growing network of offices in the UK including Abingdon, Beverley,
Darlington, Derby, Egham, Grimsby, Hull, Lincoln, London,
Maidstone, Newcastle, Sheffield (2), Worcester and York with
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.
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END
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