KINGSWOOD HOLDINGS LIMITED

Director's Dealing • Sep 5, 2019

National Storage Mechanism | Additional information

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RNS Number : 4109L

Kingswood Holdings Limited

05 September 2019

5 September 2019

KINGSWOOD HOLDINGS LIMITED

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

Completion of Share Purchase Agreement

Kingswood Holdings Limited (AIM: KWG), the integrated wealth management group, announces that, further to the announcement made on 2 July 2019, it has been notified by KPI (Nominees) Limited ("KPI") that the sale and purchase agreement (the "Agreement") with Astoria Investments (UK) Limited ("Astoria") in relation to Astoria's shares in the Company has been completed (the "Purchase").

KPI has determined that the conditions of the Agreement have now been satisfied and accordingly KPI has now purchased Astoria's holding of 28,059,272 ordinary shares of 5 pence each in the Company ("Ordinary Shares") for a price of 7.5 pence per Ordinary Share.

Following the Purchase, KPI now holds 145,054,905 Ordinary Shares in the Company, representing 66.9 per cent. of the Company's enlarged issued share capital and Astoria no longer holds any shares in the Company.

PDMR disclosures

KPI is owned by Kingswood Property Finance Limited Partnership a private investment partnership wholly owned by Gary Wilder, CEO of KWG, and Jonathan Massing, Non-Executive Deputy Chairman of KWG, and the PDMR disclosures below are made on that basis.

1.

Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")

a)

Name

Jonathan Massing

2.

Reason for the notification

a)

Position / status

Non-Executive Deputy Chairman

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)

Legal Entity Identifier

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

Ordinary shares of 5 pence each in the Company

GG00BKY4K072

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
7.5	28,059,272

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

As above

e)

Date of the transaction(s)

5 September 2019

f)

Place of the transaction

Off-market

1.

Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")

a)

Name

Gary Wilder

2.

Reason for the notification

a)

Position / status

CEO

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)

Legal Entity Identifier

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

Ordinary shares of 5 pence each in the Company

GG00BKY4K072

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
7.5p	28,059,272

d)

Aggregated information

-     Aggregated volume

-     Aggregated price

As above

e)

Date of the transaction(s)

5 September 2019

f)

Place of the transaction

Off-market

For further details, please contact:

Kingswood Holdings Limited	+44 (0)20 7293 0730
Gary Wilder / Patrick Goulding	www.kingswood-group.com
finnCap Ltd (Nomad and Broker)	+44 (0)20 7220 0500
Scott Mathieson / Anthony Adams - Corporate Finance Tim Redfern / Richard Chambers - ECM
Greentarget (for media) Jamie Brownlee / Alice Gasson / Ellie Basle	+44 (0)20 7324 5498 Jamie.Brownlee@greentarget.co.uk

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