KINGSWOOD HOLDINGS LIMITED
("Kingswood" or the "Group")
Board Changes
Kingswood Holdings Limited (AIM: KWG), the international, fully integrated wealth and investment management group, announces the appointment of Duncan Gerard as a Non-Executive Director with immediate effect.
Duncan Gerard replaces Howard Garland, who steps down with immediate effect, as a nominated representative of HSQ Investment Limited, a wholly owned indirect subsidiary of funds managed by Pollen Street Capital, the independent alternative asset investment management company which has provided £77.4 million of funding to the Group through the issue of convertible preference shares.
Duncan Gerard is an Investment Director at Pollen Street Capital, where he focuses on investing in companies in the financial services sector. Previously Duncan spent seven years focused on financial services mergers and acquisitions. He started his career at EY, where he qualified as a Certified Chartered Accountant and Chartered Financial Analyst.
For further details, please contact:
| Kingswood Holdings Limited | +44 (0)20 7293 0730 |
| David Lawrence | |
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| Cavendish Capital Markets Limited (Nomad and Broker) | +44 (0)20 7220 0500 |
| Simon Hicks / Abigail Kelly | |
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| Greentarget (for media) | +44 (0)20 7324 5498 |
| Jamie Brownlee |
INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES FOR COMPANIES ("AIM RULES")
| Full name: | Duncan Peter Gerard | |
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| Age: | 40 | |
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| Shareholding in the Company: | 0 ordinary shares Pollen Street Capital, who Mr Gerard represents on the Board, is beneficially interested in a total of 77,428,443 convertible preference shares in the Group. | |
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| Current directorships and/or partnerships: | Historic directorships and/or partnerships (within the last five years): | |
| Finsolutia Holdings Sàrl Kingswood Acquisition Corp | Oplo Group Ltd Oplo Holdings Ltd
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There is no further information to be disclosed in relation to the appointment pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM Rules.
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