Kingswood Holdings Limited

Equities

EWG

GG00BKY4K072

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 11:35:24 2024-04-29 am EDT			5-day change	1st Jan Change
11.5 ^GBX	0.00%		0.00%	-9.80%

Feb. 16	Kingswood signs new debt facility to support "growth agenda"	AN
Feb. 16	Kingswood Secures GBP8 Million Debt Facility from Pollen Street Capital Unit	MT

Kingswood makes final payment for Sterling Trust deal

October 06, 2023 at 01:22 pm EDT

Kingswood Holdings Ltd - London-based wealth manager - Announces that it has made the final deferred consideration payment of GBP1.8 million relating to the acquisition of Sterling Trust Financial Consulting Ltd, as announced on June 25, 2020. This represents the maximum achievable earn-out amount, company says. Plans to satisfy the payment through its funding facility, as announced on October 17, 2022. David Lawrence, chief executive, says: "Sterling Trust was a transformative acquisition for Kingswood when completed in June 2020 and we have been delighted at the growth it has seen as part of the Kingswood group".

Current stock price: 12.00 pence

12-month change: down 49%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Kingswood Holdings Limited

Kingswood signs new debt facility to support "growth agenda"	Feb. 16	AN
Kingswood Secures GBP8 Million Debt Facility from Pollen Street Capital Unit	Feb. 16	MT
Kingswood Holdings Announces New £8.0M Unsecured Debt Facility	Feb. 16	RE
Kingswood Holdings Limited Announces New £8.0 Million Unsecured Debt Facility	Feb. 16	CI
Power Metal firms Tati gold; Union Jack inks deal	Feb. 06	AN
Kingswood's Irish Unit Finalizes Acquisition of BasePlan	Feb. 06	MT
Kingswood to Convert 77 Million Convertible Preference Shares	Dec. 29	MT
Kingswood Holdings Limited Announces Management Changes	Dec. 01	CI
Kingswood makes final payment for Sterling Trust deal	23-10-06	AN
EARNINGS AND TRADING: Kingswood cuts outlook; Poolbeg in patent joy	23-10-02	AN
Kingswood Holdings Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-29	CI
Kingswood assets under management get boost from acquisitions	23-05-24	AN
Kingswood Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-05-24	CI
Kingswood Holdings Limited Provides Earnings Guidance for the Year 2023	23-05-24	CI
Kingswood eyes lower-than-expected annual operating profit in 2022	23-03-15	AN
Kingswood Holdings Seeks Acquisitions	23-03-15	CI
Kingswood Confirms UK Business Sale Talks	23-03-06	CI
Kingswood in discussions over potential UK operations sale	23-03-06	AN
Wealth Manager Kingswood Explores Strategic Options for British Operations	23-03-06	MT
Kingswood completes Moloney Investments acquisition	23-03-03	AN
Wealth Manager Kingswood Completes Moloney Investments Acquisition	23-03-03	MT
Kingswood Holdings Limited completed the acquisition of 70% stake in Moloney Investments Limited.	23-03-02	CI
Kingswood completes acquisition of Barry Fleming & Partners	23-01-06	AN
Kingswood Completes Acquisition of Barry Fleming and Partners	23-01-06	MT
Kingswood Holdings Limited completed the acquisition of Barry Fleming & Partners (Tax Trusts and Investment Planning) Ltd.	23-01-05	CI

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Company Profile

Kingswood Holdings Limited is a Guernsey-based integrated wealth and investment management company. The Company is engaged in the operation of an investment management and financial planning business. The Company offers a suite of wealth planning and investment management solutions to its clients, which range from private individuals to some of the United Kingdom's universities and institutions including investment advice and management, personal and company pensions, and wealth planning. The Company's segments include investment management, wealth planning, and United States operations. The Company's subsidiaries include KW Wealth Group Limited, which offers management services; KW Investment Management Limited, which provides investment management services; Sterling Trust Financial Consulting Limited, which is a holding company; KW Wealth Planning Limited, which is engaged in wealth planning business, and Kingswood Capital Partners LLC, which is an independent broker dealer.

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Investment Management & Fund Operators

Calendar

2024-09-19 - Q2 2024 Earnings Release (Projected)

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