RNS Number : 1286J
Kingswood Holdings Limited
08 December 2022
 

8th 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 15th November 2021.


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

 

ENDS

 

 

For further details, please contact:

   Kingswood Holdings Limited

  +44 (0)20 7293 0730

   David Lawrence

www.kingswood-group.com

   finnCap Ltd (Nomad & Broker)

  +44 (0)20 7220 0500

   Simon Hicks / Abigail Kelly


   GreenTarget (for Kingswood media)

   Jamie Brownlee / Ellie Basle 

  +44 (0)20 7324 5498

  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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCUPGAUPUPPGMR