Kingswood Holdings Limited ( (GB:KWG) ) has issued an update.
Kingswood Holdings Limited has secured an additional £4.8 million debt facility to address its immediate funding needs, particularly for deferred consideration obligations. This facility, arranged with an affiliate of HSQ, a subsidiary of Pollen Street Capital, highlights a related party transaction due to the involvement of Kingswood’s non-executive directors who are also employees of Pollen Street. The agreement has been deemed fair and reasonable by the company’s directors, excluding those with potential conflicts of interest.
More about Kingswood Holdings Limited
Kingswood Holdings Limited is an AIM-listed international fully integrated wealth management group managing approximately £12 billion in assets. It serves around 19,000 clients through a network of offices in the UK, Ireland, South Africa, and the US, offering investment solutions, pensions, and wealth planning. The company aims to strengthen its position in the wealth and investment management market through acquisitions and strategic partnerships.
YTD Price Performance: -31.71%
Average Trading Volume: 20,164
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £51.46M
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