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Pin to quick picksKingswood H. Share News (KWG)

Share Price Information for Kingswood H. (KWG)

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Share Price: 11.25
Bid: 10.50
Ask: 12.00
Change: 0.00 (0.00%)
Spread: 1.50 (14.286%)
Open: 11.25
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Low: 11.25
Prev. Close: 11.25
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TRADING UPDATES: SigmaRoc files patent; Griffin restarts operations

Fri, 04th Nov 2022 20:38

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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Nostrum Oil & Gas PLC - Amsterdam-headquartered oil and gas company with operations in Kazakhstan - Proposes to extend the long-stop date to February 16, 2023, from December 16. If its ongoing restructuring has not been implemented by this date, the scheme and the implementation deed will automatically terminate. On May 11, it launched a scheme of arrangement via issuing of practice statement letter to scheme creditors to implement a proposed financial restructuring, as contemplated in the lock-up agreement with regards to the 8.0% senior notes due July 2022 and 7.0% senior notes due February 2025, issued by Nostrum Oil & Finance BV.

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SigmaRoc PLC - London-based quarried materials group - Files a UK patent on its Alfabloc Mark II retaining wall systems. Alfabloc is an interconnecting precast concrete walling system produced in the UK, Ireland, Benelux and Scandinavia.

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RTW Venture Fund Ltd - New York-based investor in life sciences, biopharmaceutical, and medical technology companies - Director William Scott buys 50,000 shares at USD1.105 each.

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Griffin Mining Ltd - mine operator focused on China - Recommences the operations of Caijiaying mine in China on Tuesday. Expects full production at Caijiaying mine to begin Monday.

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Amte Power PLC - developer and manufacturer of lithium-ion and sodium-ion battery cells - Signs a convertible bond facility. Issues a tranche 1 drawdown notice in respect of the first GBP3.0 million of the facility. The maximum proceeds of the facility are expected to amount to roughly GBP3.9 million.

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Kingswood Holdings Ltd - London-based wealth and investment management - Says it made a second year 1 deferred consideration payment in the amount of GBP500,000 relating to the acquisition of Admiral Wealth Management Ltd. Says it used a portion of the cash proceeds from its new funding facility.

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Provident Financial PLC - Bradford, England-based banking company - Receives a notice from the Prudential Regulation Authority that its application for a UK Group large exposure waiver was approved. This will enable Moneybarn No 1 Ltd, the group's vehicle finance subsidiary, to access retail deposit funding via Vanquis Bank with immediate effect.

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Upland Resources Ltd - London-based oil and gas company - Promotes Non-Executive Chair Haji Bolhassan Di to chief executive officer on a full-time basis. The appointment is effective immediately. Bolhassan has had significant oil and gas experience with Shell PLC in South Korea, Singapore, the North Sea and the Netherlands.

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Round Hill Music Royalty Fund Ltd - Guernsey-based investor in music copyright assets - Turtlegrass Partners LLC, a company controlled by Round Hill Music Royalty Fund Ltd investment manager Joshua Gruss buys 116,000 at USD0.858.

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IDE Group Holdings PLC - Croydon-based cloud & IT managed services provider - Says the change of its name to Tialis Essential IT PLC has now been completed and has taken effect on companies house as of Thursday. "Over the coming months the company will be overhauling the entire IDE brand, colours and messaging, with a relaunch of the new Tialis brand. This will include a new website, planned for early 2023," the company says.

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Mode Global Holdings PLC - London-based bitcoin banking app - Says it has received and accepted conversion notices resulting in the conversion of an aggregate of GBP69,056 principal amount of the loan notes, resulting in the issuance today of 1.9 million new ordinary shares of 1 pence each in the capital of the company at an average conversion price of GBP0.0393 per share.

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Canadian Overseas Petroleum Ltd - Calgary, Canada-based oil and gas company operating in Nigeria and US state of Wyoming - Issues 7.0 million common shares following a conversion of USD800,000 principal of 2024 bonds and USD600,000 principal of 2025 bonds. The principal amount of convertible bonds outstanding reduced to USD11.2 million of 2024 Bonds and USD9.0 million of 2025 bonds, it says.

On Tuesday, the company reports that the miscible flood at it Barron Flats continue to exceed its initial expectations, "thus resulting in a resimulation of the field which is underway." Says flaring gas has commenced at Barron Flats. Continues to refine its interpretation of its deep oil discovery made in September. Remains in discussions with "select US and international banks" regarding the refinancing of its current senior credit facility of USD42 million.

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Coral Products PLC - Manchester-based plastic products maker - Proposes the cancellation of its share premium account and of the capital redemption reserve. Together they comprise the reduction of its share capital. Seeks the approval of shareholders for the cancellation of the entire share premium account of the company of GBP6.3 million. Also seeks shareholder approval for the cancellation of the capital redemption reserve of GBP1.2 million.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
7 May 2024 20:22

TRADING UPDATES: Abingdon Health buys IVDeology Holdings

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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16 Feb 2024 13:36

Kingswood agrees new £8m unsecured debt facility

(Sharecast News) - Wealth and investment manager Kingswood Holdings announced the acquisition of a new £8.0m unsecured debt facility from funds managed by Pollen Street Capital on Friday.

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16 Feb 2024 12:34

IN BRIEF: Kingswood signs new debt facility to support "growth agenda"

Kingswood Holdings Ltd - London-based wealth and investment management company - Announces new GBP8.0 million unsecured debt facility with funds managed by Pollen Street Capital Ltd, an alternative investment management firm with offices in New York and London. The facility has an expiry date of October 17, 2030, and an interest rate of 12% to be paid at maturity. Kingswood says that the facility will be used to support its working capital requirements and "growth agenda".

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6 Feb 2024 17:35

TRADING UPDATES: Power Metal firms Tati gold; Union Jack inks deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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29 Dec 2023 13:18

Kingswood announces plans to convert HSQ preference shares

(Sharecast News) - Wealth and investment manager Kingswood Holdings announced plans on Friday for the conversion of 77,428,443 convertible preference shares, which it issued in 2019.

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29 Dec 2023 12:45

London close: Stocks mixed after short New Year session

(Sharecast News) - London markets had a mixed performance in a shortened pre-holiday trading session on Friday.

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23 Nov 2023 15:53

UK shareholder meetings calendar - next 7 days

Friday 24 November 
Base Resources LtdAGM
Cloudbreak Discovery PLCAGM
Esken LtdEGM re Esken Renewables disposal
Neometals LtdAGM
Sovereign Metals LtdAGM
Sylvania Platinum LtdAGM
Monday 27 November 
Chelverton Growth Trust PLCGM re voluntary liquidation
European Smaller Cos Trust PLCAGM
JPMorgan Global Emerging Markets Income Trust PLCAGM
Quadrise PLCAGM
Tribal Group PLCGM re cash offer by Tiger Bidco 1 Ltd
Tuesday 28 November 
Bluefield Solar Income Fund LtdAGM
London Finance & Investment Group PLCAGM
Nanoco Group PLCAGM
Oakley Capital Investments LtdAGM
Wednesday 29 November 
Artemis Resources LtdAGM
Aura Energy LtdAGM
Contango Holdings PLCAGM
CVS Group PLCAGM
Fidelity Asian Values PLCAGM
Ikigai Ventures LtdAGM
Panthera Resources PLCAGM
Reconstruction Capital II LtdAGM
Renishaw PLCAGM
RiverFort Global Opportunities PLCAGM
Sabien Technology Group PLCAGM
Scancell Holdings PLCAGM
Seeing Machines LtdAGM
SLF Realisation Fund LtdAGM
Target Healthcare REIT PLCAGM
Thor Energy PLCAGM
Transense Technologies PLCAGM
Vast Resources PLCAGM
Thursday 30 November 
Amur Minerals CorpAGM
Atlantic Lithium LtdAGM
Cordel Group PLCAGM
CQS New City High Yield Fund LtdAGM
DXS International PLCAGM
Europa Metals LtdAGM
Gabelli Merger Plus+ Trust PLCAGM
Kingswood Holdings LtdAGM
MC Mining LtdAGM
MGC Pharmaceuticals LtdAGM
NCC Group PLCAGM
Ovoca Bio PLCAGM
Revolution Bars Group PLCAGM
Roebuck Food Group PLCEGM re fundraising
Ruffer Investment Co LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
6 Oct 2023 18:20

IN BRIEF: Kingswood makes final payment for Sterling Trust deal

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".

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2 Oct 2023 14:20

EARNINGS AND TRADING: Kingswood cuts outlook; Poolbeg in patent joy

(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week and not separately reported by Alliance News:

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29 Sep 2023 17:01

LONDON MARKET CLOSE: FTSE 100 clings onto gain despite late slip

(Alliance News) - Stock prices in Europe ended the third-quarter in the green on Friday, on largely favourable inflation data in the US and eurozone, as well as decent economic growth data from the UK.

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24 May 2023 11:44

Kingswood assets under management get boost from acquisitions

(Alliance News) - Kingswood Holdings Ltd on Wednesday reported revenue fell in 2022, amid market uncertainty, though the company said it is looking "to the future with confidence".

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15 Mar 2023 12:12

Kingswood eyes lower-than-expected annual operating profit in 2022

(Alliance News) - Kingswood Holdings Ltd on Wednesday said it expects its annual operating profit to come in below expectations, amid a drop in annual revenue as a result of a decline in its US business.

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6 Mar 2023 12:12

IN BRIEF: Kingswood in discussions over potential UK operations sale

Kingswood Holdings Ltd - London-based wealth and investment management group - Confirms it has engaged Houlihan Lokey as its financial adviser, discussing its strategic options including but not limited to a potential sale, or third-party investment, into its UK business operations. Also notes recent press speculation. Says there can be no certainty that any transaction will ultimately occur, likewise regarding the structure or terms on which any transaction might take place. Says it 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. Expects to publish its 2022 results during the second quarter of 2023.

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3 Mar 2023 10:29

IN BRIEF: Kingswood completes Moloney Investments acquisition

Kingswood Holdings Ltd - London-based wealth and investment management group - Completes acquisition of Dublin-based financial advice firm Moloney Investments Ltd, following regulatory approval.

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6 Jan 2023 21:15

IN BRIEF: Kingswood completes acquisition of Barry Fleming & Partners

Kingswood Holdings Ltd - London-based wealth and investment management group - Completes the acquisition of Berkshire-based financial planner Barry Fleming & Partners Ltd, following regulatory approval.

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