AI Terminal
KINGSWOOD HOLDINGS LIMITED
Remuneration Information • May 6, 2022
7744_dirs_2022-05-06_9b5a6752-07d9-4a38-9831-5ca60b891ef2.html
Remuneration Information
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information 
RNS Number : 6861K
Kingswood Holdings Limited
06 May 2022
6th May 2022
KINGSWOOD HOLDINGS LIMITED
("Kingswood", the "Company" or the "Group")
Long Term Incentive Plan Awards
Kingswood Holdings Limited (AIM:KWG), trading as Kingswood, the vertically integrated wealth management group, is pleased to announce awards under the 2022 LTIP scheme to Directors of the Company or Persons Discharging Managerial Responsibilities ("PDMRs") in order to align them with the delivery of the long term goals (the "Awards"). Kingswood is committed to an employee ownership model and the granting of awards is a key part of this.
This builds on the awards issued in the 2019 and 2021 LTIP scheme.
Director / PDMR awards
The following Awards under the 2022 LTIP are options over ordinary shares of the Company with an exercise price of 16.5p and were granted on 6 May 2022.
| Name | Role | Number of options granted under the Award | Exercise Price(p) | Vesting Date |
| David Lawrence | Group Chief Executive Officer | 1,000,000 | 16.5p | 31st December 2024 |
| Jonathan Millam | Chief Financial Officer | 750,000 | 16.5p | 31st December 2024 |
| Richard Bernstein | Chief Risk Officer | 300,000 | 16.5p | 31st December 2024 |
The Awards 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 Awards 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.
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 | |
| Stuart Andrews / Simon Hicks / Abigail Kelly | ||
| GreenTarget (for Kingswood media) Jamie Brownlee / Alice Gasson / Ellie Basle |
+44 (0)20 7324 5498 [email protected] |
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
David Lawrence
2.
Reason for the notification
a)
Position / Status
Group Chief Executive Officer
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
Ordinary shares of 5 pence each in the Company
GG00BKY4K072
b)
Nature of the transaction
Grant of awards under the Kingswood Holdings Limited Long Term Incentive Plan
c)
Price (pence) and volume
| Price(s) | Volume(s) |
| 16.5p | 1,000,000 |
d)
Aggregated information
- Aggregated volume
1,000,000
- Price (pence)
16.5p
e)
Date of the transaction
06 May 2022
f)
Place of the transaction
Off market transaction
1
Details of PDMR / person closely associated
a)
Name
Jonathan Millam
2.
Reason for the notification
a)
Position / Status
Chief Financial Officer
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
Ordinary shares of 5 pence each in the Company
GG00BKY4K072
b)
Nature of the transaction
Grant of awards 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
06 May 2022
f)
Place of the transaction
Off market transaction
1
Details of PDMR / person closely associated
a)
Name
Richard Bernstein
2.
Reason for the notification
a)
Position / Status
Group Risk Officer
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
Ordinary shares of 5 pence each in the Company
GG00BKY4K072
b)
Nature of the transaction
Grant of awards under the Kingswood Holdings Limited Long Term Incentive Plan
c)
Price (pence) and volume
| Price(s) | Volume(s) |
| 16.5p | 300,000 |
d)
Aggregated information
- Aggregated volume
300,000
- Price (pence)
16.5p
e)
Date of the transaction
06 May 2022
f)
Place of the transaction
Off market transaction
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 [email protected] 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
DSHAFMFTMTAMBMT