Kingswood Holdings Limited (KWG)

Sector:

Financials

Index:

FTSE AIM All-Share

 11.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 22.00
  • 52 Week Low: 9.50
  • Currency: UK Pounds
  • Shares Issued: 216.92m
  • Volume: 0
  • Market Cap: £24.40m

Kingswood makes second deferred payment for Sterling Trust acquisition

By Josh White

Date: Thursday 27 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Wealth and investment manager Kingswood has made the second deferred consideration payment of £5.275m for the acquisition of Sterling Trust, it announced on Thursday, which it made in June 2020.
The AIM-traded firm said a portion of the cash proceeds from the issue of convertible preference shares on 31 December last year had been used to make the deferred consideration payment.

"The convertible preference shares were issued under the terms of the company's convertible preference share subscription agreement with HSQ Investment, originally announced on 12 September 2019," the board said in its statement.

"HSQ Investment is a wholly-owned indirect subsidiary of funds managed or advised by Pollen Street Capital.

"The total number of irredeemable convertible preference shares held by Pollen Street is 77.4 million shares, at an issue price of £1 each."

Reporting by Josh White for Sharecast.com.

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KWG Market Data

Currency UK Pounds
Share Price 11.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 22.00
52 Week Low 9.50
Volume 0
Shares Issued 216.92m
Market Cap £24.40m

KWG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.9% below the market average28.9% below the market average28.9% below the market average28.9% below the market average28.9% below the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average
Price Trend
72.7% below the market average72.7% below the market average72.7% below the market average72.7% below the market average72.7% below the market average
75.86% below the sector average75.86% below the sector average75.86% below the sector average75.86% below the sector average75.86% below the sector average
Income Not Available
Growth
0.50% above the market average0.50% above the market average0.50% above the market average0.50% above the market average0.50% above the market average
6.42% above the sector average6.42% above the sector average6.42% above the sector average6.42% above the sector average6.42% above the sector average

KWG Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

KWG Key Personnel

CEO David Lawrence

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