Kingswood Holdings Limited Directorate change (3431Y)

TIDMKWG

RNS Number : 3431Y

Kingswood Holdings Limited

08 May 2019

KINGSWOOD HOLDINGS LIMITED

("Kingswood" or the "Group")

Directorate change

Kingswood Holdings Limited (AIM: KWG), the integrated wealth management group, announces that, further to the issue of new equity in the Group announced on 1 May 2019 which was admitted to trading on AIM on 8 May 2019, Astoria's shareholding in the Group has fallen below the 17.5% threshold necessary for them to maintain the right to have a nominated director on Kingswood's Board. Consequently, Darryl Kaplan, based in Sydney and CEO of Astoria, has ceased to be a non-executive director of the Group with immediate effect.

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 
 Ed Frisby / Scott Mathieson / Anthony Adams (Corporate 
  Finance) 
  Tim Redfern / Richard Chambers (ECM) 
 Greentarget (for media)                                   +44 (0)20 7324 5480 
 Jamie Brownlee

About Kingswood

Kingswood Holdings Limited (trading as Kingswood) is an AIM-listed (AIM: KWG) integrated wealth management group, with more than 4,500 active clients and c.GBP2 billion of Assets Under Management and Advice. It has a growing network of offices in the UK including London, Manchester, Cheltenham, Maidstone, Worcester, Beverley and Abingdon, and an office in Johannesburg, South Africa.

Kingswood offers a portfolio of services 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, wealth planning, and stockbroking. Kingswood is focused on becoming a leading player in the wealth management market through targeted acquisitions in the UK, with the ultimate goal of creating a global business through strategic partnerships and its ambition is to gain a foothold in the US market in the near future.

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.

END

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May 08, 2019 03:32 ET (07:32 GMT)

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