Kingswood H. Share News (KWG)

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.

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".

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:

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.

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.

UK shareholder meetings calendar - next 7 days

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".

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:

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.

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".

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.

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.

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.

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.

Kingswood completes acquisition of Barry Fleming

(Sharecast News) - Wealth and investment management group Kingswood announced the completion of its acquisition of Barry Fleming & Partners on Friday.