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21 Aug 2023 17:00
KINGSWOOD HOLDINGS LIMITED
("Kingswood", the "Company" or the "Group")
Long Term Incentive Plan Award
Kingswood Holdings Limited (AIM: KWG), the international, fully integrated wealth and investment management group, announces that in accordance with the terms of his employment contract, Paul Hammick, Chief Risk Officer and a Person Discharging Managerial Responsibilities of the Company ("PDMR") has been granted 750,000 options ("Options") over ordinary shares of 5p each in the Company ("Ordinary Shares") under the Company's 2022 LTIP scheme.
The Options were granted on 21 August 2023 at a price of 16.5p with a vesting date of 31 December 2025.
The Options 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 Options 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.
For further details, please contact:
Kingswood Holdings Limited | +44 (0)20 7293 0730 | |
David Lawrence | www.kingswood-group.com | |
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finnCap Ltd (Nomad & Broker) | +44 (0)20 7220 0500 | |
Simon Hicks / Abigail Kelly | ||
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GreenTarget (for Kingswood media) Jamie Brownlee / Ellie Basle | +44 (0)20 7324 5498 Jamie.Brownlee@greentarget.co.uk |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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