The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKingswood H. Regulatory News (KWG)

Share Price Information for Kingswood H. (KWG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 11.25
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 1.50 (14.286%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 11.25
KWG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Notice of Extradinary General Meeting

24 Dec 2012 10:19

RNS Number : 2572U
Kingswalk Investments Limited
24 December 2012
 



 

 

24 December 2012

 

KINGSWALK INVESTMENTS LIMITED

("Kingswalk" or "the Company")

 

Notice of Extraordinary General Meeting

and redemption and cancellation of Deferred Shares

 

The Company is pleased to announce the posting of a circular (Circular) and form of proxy (Proxy) to the shareholders of the Company convening a Extraordinary General Meeting of the Company (General Meeting) whereat the Directors of the Company are seeking authority to issue an additional 400,294,992 new ordinary shares of 0.1p each (New Ordinary Shares) on a non-pre-emptive basis to ensure sufficient non-pre-emptive share authorities are available to issue the maximum number of New Ordinary Shares that could be issued pursuant to conversion notices which may be received from the holders of the £625,000 Convertible Loan Notes issued by the Company. In addition, the authorities provide the Company with headroom to raise new funds to support the Company's existing investments, specifically in European Wealth Management Group Plc (European Wealth).

 

The Company is seeking also the authority to approve a change of the Company's name to EW Group Limited to reflect the Company's investments in financial and wealth services, and particularly its interest in European Wealth, which is by some distance the largest investment made by the Company to date. Should the change of name be approved by the Company's shareholders, the Company's ticker will change to EWG and its website to www.ewgrouplimited.com.

 

Notwithstanding its proposed change of name, the Company will continue to seek to implement its investment policy which states that the Company may invest in a broad range of quoted and unquoted businesses, and make investments of up to, and including, 100% of businesses.

 

A full copy of the Circular, Proxy and this announcement are available on the Company's website at www.kingswalkinvestments.com.

 

The General Meeting of the Company will be held at the Company's registered office, Roseneath, The Grange, St Peter Port, Guernsey GY1 3SJ on 8 January 2013 at 12 p.m. (London time).

 

Redemption and Cancellation of Deferred Shares

The Company also announces that it has redeemed and cancelled the 185,171,673 deferred shares of 0.9p (Deferred Shares) created by the Company pursuant to a share capital re-organisation approved by the shareholders of the Company on 14 May 2012 (Redemption and Cancellation of the Deferred Shares).

 

The Deferred Shares did not entitle the holder thereof to receive notice of or attend and vote at any general meeting of the Company or to receive a dividend or other distribution or to participate in any return on capital on a winding up other than the nominal amount paid on such shares.

 

The Company had the right to redeem and cancel the Deferred Shares from any shareholder for a consideration of one penny in aggregate for all that shareholder's Deferred Shares and, as such, the Deferred Shares effectively had no value. The aggregate amount that was payable by the Company to the holders of Deferred Shares was £1.57. Accordingly, the Directors believe that, from an administration and cost perspective, it is in the best interests of all shareholders not to post one penny to each of the holders of Deferred Shares and, as such, the Redemption and Cancellation of the Deferred Shares was effected without any payment in respect thereof.

 

Kingswalk Investments Limited

Roger Parry, Director: +44 (0)1481 732 882

www.kingswalkinvestments.com

 

Daniel Stewart & Company Plc - Nominated Adviser and Broker

Antony Legge, Director, Corporate Finance: +44 (0)20 7776 6550

 

GTH Communications

Toby Hall: +44 (0)20 7 8227 493

Suzanne Johnson Walsh: +44 (0) 20 7 8227 492

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NOEBGBDDRBDBGDS
Date   Source Headline
16th Feb 20247:00 amRNSKingswood secures new debt facility
6th Feb 20249:00 amRNSKingswood's Irish subsidiary acquires BasePlan Ltd
29th Dec 20237:00 amRNSConversion of Convertible Preference Shares
1st Dec 20237:00 amRNSBoard changes
30th Nov 202312:30 pmRNSResult of AGM
15th Nov 20239:45 amRNSNotice of AGM
9th Nov 20237:00 amRNSDirector/PDMR Shareholding
16th Oct 20238:40 amRNSDirector/PDMR Shareholding
12th Oct 20233:15 pmRNSDirector/PDMR Shareholding
6th Oct 20235:00 pmRNSDeferred consideration payment
29th Sep 20237:00 amRNSKingswood 2023 Half-year Report
21st Aug 20235:00 pmRNSLong Term Incentive Plan Award
24th May 20237:00 amRNSKingswood 2022 audited financial results
15th Mar 20237:00 amRNSTrading Statement
6th Mar 20232:05 pmRNSSecond Price Monitoring Extn
6th Mar 20232:00 pmRNSPrice Monitoring Extension
6th Mar 202311:05 amRNSSecond Price Monitoring Extn
6th Mar 202311:00 amRNSPrice Monitoring Extension
6th Mar 20237:00 amRNSStatement re Press Comment
3rd Mar 20237:00 amRNSKingswood acquires Moloney Investments Ltd
6th Jan 20233:09 pmRNSCompletion of Barry Fleming & Partners acquisition
15th Dec 20227:00 amRNSKingswood announces acquisition
8th Dec 20225:08 pmRNSDeferred consideration payment
1st Dec 20227:00 amRNSAcquisition of JFP Holdings & JCH Investment Mgt
22nd Nov 20222:26 pmRNSResult of AGM
14th Nov 20227:00 amRNSKingswood completes acquisition of SAM
4th Nov 20223:43 pmRNSNotice of AGM
4th Nov 20227:00 amRNSDeferred consideration payment for Admiral
3rd Nov 20227:00 amRNSKingswood announces acquisition of JCH
3rd Nov 20227:00 amRNSKingswood announces acquisition of EBS
27th Oct 20227:00 amRNSDeferred consideration payment for Sterling Trust
17th Oct 20223:56 pmRNSKingswood agrees additional funding facility
13th Oct 20229:24 amRNSAppointment of Non-Executive Directors
13th Oct 20227:00 amRNSAppointment of Non-Executive Directors
27th Sep 20223:06 pmRNSDeferred consideration payment for Admiral WM
26th Sep 20227:00 amRNSKingswood to acquire Moloney Investments Ltd
15th Sep 20227:00 amRNSKingswood half-year Report
30th Jun 20227:00 amRNSKingswood sees record revenue and operating profit
15th Jun 20228:02 amRNSCompletion of the acquisition of Vincent & Co Ltd
12th May 20227:00 amRNSAcquisition of Vincent & Co Ltd
6th May 20225:53 pmRNSLong Term Incentive Plan Awards
25th Apr 20227:00 amRNSDirectorate changes
5th Apr 202212:51 pmRNSDeferred consideration payment for Regency
25th Mar 20224:39 pmRNSMaster Services Agreement with Kingswood LLP
8th Mar 20225:56 pmRNSDeferred consideration payment for Thomas & Co
28th Feb 20227:00 amRNSDirectorate Change
21st Feb 20227:00 amRNSCompletion of acquisition
16th Feb 20227:00 amRNSKingswood acquires Aim Independent Limited
14th Feb 202210:31 amRNSDirector/PDMR Shareholding
7th Feb 20221:22 pmRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.