Deferred consideration payment

RNS Number : 1286J

Kingswood Holdings Limited

08 December 2022

 

8^th December 2022

Deferred consideration payment for Money Matters (North East) Limited

Settlement of first deferred consideration payment regarding the Money Matters (North East) Limited business and assets acquired in November 2021

Kingswood Holdings Limited (AIM: KWG), the international fully integrated wealth and investment management group, is pleased to announce that it has made the first deferred consideration payment in the amount of 0.4m relating to the acquisition of Money Matters (North East) Limited, as announced on 15^th November 2021.

Kingswood will satisfy the consideration through the utilisation of its funding facility, as announced on 17^th October 2022.

ENDS

For further details, please contact:

Kingswood Holdings Limited	[phone]
David Lawrence	www.kingswood-group.com
finnCap Ltd (Nomad & Broker)	[phone]
Simon Hicks / Abigail Kelly
GreenTarget (for Kingswood media)  Jamie Brownlee / Ellie Basle	[phone]  [e-mail]

About Kingswood

Kingswood Holdings Limited (trading as Kingswood) is an AIM-listed (AIM: KWG) international fully integrated wealth management group with circa 10 billion of assets under advice and management. It services circa 19k clients from a growing network of offices across the UK with overseas offices in South Africa and the US.

Kingswood offers a range of trusted investment solutions 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 and wealth planning. Kingswood is focused on building on its position as a leading player in the wealth and investment management market through targeted acquisitions, creating a global business through strategic partnerships.

 

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