Kingswood Holdings

Long Term Incentive Plan Awards

RNS Number : 6861K
Kingswood Holdings Limited
06 May 2022
 

6th May 2022

 

KINGSWOOD HOLDINGS LIMITED

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

 

Long Term Incentive Plan Awards

 

Kingswood Holdings Limited (AIM:KWG), trading as Kingswood, the vertically integrated wealth management group, is pleased to announce awards under the 2022 LTIP scheme to Directors of the Company or Persons Discharging Managerial Responsibilities ("PDMRs") in order to align them with the delivery of the long term goals (the "Awards"). Kingswood is committed to an employee ownership model and the granting of awards is a key part of this.

This builds on the awards issued in the 2019 and 2021 LTIP scheme.

 

Director / PDMR awards

The following Awards under the 2022 LTIP are options over ordinary shares of the Company with an exercise price of 16.5p and were granted on 6 May 2022.

 Name

Role

Number of options granted under the Award

Exercise Price(p)

Vesting Date

David  Lawrence

Group Chief Executive Officer

1,000,000

16.5p

31st December 2024

Jonathan Millam

Chief Financial Officer

750,000

16.5p

31st December 2024

Richard Bernstein

Chief Risk Officer

300,000

16.5p

31st December 2024

 

The Awards are subject to a three-year performance period linked to the Company's growth as measured against performance targets and are subject to clawback and malus provisions.

The Awards are subject to achieving agreed annual EBITDA targets or subject to the average market value of the shares on the day following expiry being not less than 39p.

 

ENDS

 

For further details, please contact:

  Kingswood Holdings Limited

 

  +44 (0)20 7293 0730

 

  David Lawrence

  www.kingswood-group.com

 

 

 

 

  finnCap Ltd (Nomad & Broker)

 

  +44 (0)20 7220 0500

 

  Stuart Andrews / Simon Hicks / Abigail Kelly

 

 

 

 

 

  GreenTarget (for Kingswood media)

  Jamie Brownlee / Alice Gasson / Ellie Basle 

  +44 (0)20 7324 5498

  [email protected]

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

 

 

 1

Details of PDMR / person closely associated

 a)

Name

David Lawrence

 2.

Reason for the notification

 a)

Position / Status

Group Chief Executive Officer

 b)

Initial notification / Amendment

Initial notification

 3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 a)

Name

Kingswood Holdings Limited

 b)

LEI

213800DX97OROHY26686

 4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 a)

Description of the financial instrument, type of instrument 

Identification code

Ordinary shares of 5 pence each in the Company

 

GG00BKY4K072

 b)

Nature of the transaction

Grant of awards under the Kingswood Holdings Limited Long Term Incentive Plan

 c)

Price (pence) and volume

Price(s)

Volume(s)

16.5p

1,000,000

 

 d)

Aggregated information

-  Aggregated volume

1,000,000

 

-   Price (pence)

16.5p

 e)

Date of the transaction

06 May 2022

 f)

Place of the transaction

Off market transaction

 

 

 

 1

Details of PDMR / person closely associated

 a)

Name

Jonathan Millam

 2.

Reason for the notification

 a)

Position / Status

Chief Financial Officer

 b)

Initial notification / Amendment

Initial notification

 3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 a)

Name

Kingswood Holdings Limited

 b)

LEI

213800DX97OROHY26686

 4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 a)

Description of the financial instrument, type of instrument 

Identification code

Ordinary shares of 5 pence each in the Company

 

GG00BKY4K072

 b)

Nature of the transaction

Grant of awards under the Kingswood Holdings Limited Long Term Incentive Plan

 c)

Price (pence) and volume

Price(s)

Volume(s)

16.5p

750,000

 

 d)

Aggregated information

-  Aggregated volume

750,000

 

-   Price (pence)

16.5p

 e)

Date of the transaction

06 May 2022

 f)

Place of the transaction

Off market transaction

 

 

 1

Details of PDMR / person closely associated

 a)

Name

Richard Bernstein

 2.

Reason for the notification

 a)

Position / Status

Group Risk Officer

 b)

Initial notification / Amendment

Initial notification

 3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 a)

Name

Kingswood Holdings Limited

 b)

LEI

213800DX97OROHY26686

 4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 a)

Description of the financial instrument, type of instrument 

Identification code

Ordinary shares of 5 pence each in the Company

 

GG00BKY4K072

 b)

Nature of the transaction

Grant of awards under the Kingswood Holdings Limited Long Term Incentive Plan

 c)

Price (pence) and volume

Price(s)

Volume(s)

16.5p

300,000

 

 d)

Aggregated information

-  Aggregated volume

300,000

 

-   Price (pence)

16.5p

 e)

Date of the transaction

06 May 2022

 f)

Place of the transaction

Off market transaction

 

 

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