Statement re Press Comment

RNS Number : 9269R

Kingswood Holdings Limited

06 March 2023

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR") AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.

Kingswood Holdings Limited

("Kingswood", the "Company" or the "Group")

Statement regarding press speculation

Kingswood Holdings Limited (AIM: KWG), the international, fully integrated wealth and investment management group, notes recent press speculation and confirms that it has engaged Houlihan Lokey as its Financial Adviser and that discussions have taken place with regard to its strategic options, including, but not limited to, a potential sale or third party investment into the Company's UK business operations. There can be no certainty that any transaction will ultimately occur, nor to the structure or terms on which any transaction might take place.

The Company continues to enjoy the long-term support of its key existing investors and shareholders and continues to deliver accelerated growth and strong delivery against its strategy. The Company's results for the year ended 31 December 2022 are expected to be published during Q2 2023.

For further details, please contact:

Kingswood Holdings Limited	[phone]
David Lawrence	www.kingswood-group.com
finnCap Ltd (Nomad & Broker)	[phone]
Simon Hicks / Abigail Kelly
Houlihan Lokey (Financial Adviser)	[phone]
Christian Kent / Sam Ward
GreenTarget (for Kingswood media)	[phone]
Jamie Brownlee / Ellie Basle	[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 Ireland, 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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