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Pin to quick picksKingswood H. Regulatory News (KWG)

Share Price Information for Kingswood H. (KWG)

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Share Price: 11.25
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Acquisition Update

23 May 2018 14:16

RNS Number : 0641P
European Wealth Group Limited
23 May 2018
 

23 May 2018

 

European Wealth Group Limited

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

Acquisition Update

 

European Wealth Group, the integrated wealth management group, today provides a further update on its proposed acquisition of Newbridge Corporation ("Newbridge").

 

The Board of EWG is pleased to announce that the US regulator, FINRA, has approved Newbridge's request for a change of ownership. EWG will now move to the final stages of its commercial due diligence on Newbridge, in order to assess whether the remaining (non-regulatory) closing conditions can be fulfilled to the Board's satisfaction, including a satisfactory final closing balance sheet and confirmation that there are sufficient provisions for all current and future liabilities identified since announcement of the proposed acquisition. There is no guarantee that the transaction will close.

 

EWG will provide an update when the process is complete.

 

For further details, please contact:

 

European Wealth Group Limited

+44 (0)20 7623 2368

Marianne Ismail

Hugo Evans

 

finnCap Ltd (Nomad and Broker)

 

+44 (0)20 7220 0500

Adrian Hargrave

Scott Mathieson

 

Redleaf Communications (for media)

 

+44 (0)20 3757 6865; ewg@redleafpr.com

Robin Tozer

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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ACQMMGZKFFDGRZM
Date   Source Headline
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5th Apr 202212:51 pmRNSDeferred consideration payment for Regency
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14th Feb 202210:31 amRNSDirector/PDMR Shareholding
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