RNS Number : 9775J
Kingswood Holdings Limited
21 August 2023
 

KINGSWOOD HOLDINGS LIMITED

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

Long Term Incentive Plan Award

Kingswood Holdings Limited (AIM: KWG), the international, fully integrated wealth and investment management group, announces that in accordance with the terms of his employment contract, Paul Hammick, Chief Risk Officer and a Person Discharging Managerial Responsibilities of the Company ("PDMR") has been granted 750,000 options ("Options") over ordinary shares of 5p each in the Company ("Ordinary Shares") under the Company's 2022 LTIP scheme.

The Options were granted on 21 August 2023 at a price of 16.5p with a vesting date of 31 December 2025.

The Options 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 Options 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.

 

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


 

 

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

Paul Hammick

 2.

Reason for the notification

 a)

Position / Status

Chief Risk Officer / PDMR

 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    

Identification code

Options over ordinary shares of 5 pence each in the Company

 

GG00BKY4K072

 b)

Nature of the transaction

Grant of options 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

-      Aggregated volume

750,000


-      Price (pence)

16.5p

 e)

Date of the transaction

21 August 2023

 f)

Place of the transaction

Off market transaction


 

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