Director/PDMR Holdings
Updated : 13:37
12th April 2019
KINGSWOOD HOLDINGS LIMITED
("KWG", the "Company" or the "Group")
Director/ PDMR Holdings
The PDMR tables below relate to a £1 million draw down by KWG on the existing convertible term loan facility with KPI (Nominees) Limited ("KPI"). KPI is owned by Kingswood Property Finance Limited Partnership ("KPFLP"), a private investment partnership wholly owned by Gary Wilder, CEO of KWG, and Jonathan Massing, Non-Executive Deputy Chairman of KWG.
1. | Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA") | |||||
a) | Name | Jonathan Massing | ||||
2. | Reason for the notification | |||||
a) | Position / status | Non-Executive Deputy Chairman | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Kingswood Holdings Limited | ||||
b) | Legal Entity Identifier | 213800DX97OROHY26686 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary shares of 5 pence each in the Company GG00BKY4K072 | ||||
b) | Nature of the transaction | Conversion rights to ordinary shares of 5 pence in the Company, in relation to the existing convertible facility. Borrower or lender has right to convert funds drawn to ordinary shares at the conversion price of the lower of:- (a) 16.5 pence; and (b) the average mid-market closing price of the Company's ordinary shares for the 20 Business Days prior to the date on which the Conversion Notice is served;
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Aggregated price |
As above
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e) | Date of the transaction(s) | 12TH April,2019 | ||||
f) | Place of the transaction | Outside of trading venue |
1. | Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA") | |||||
a) | Name | Gary Wilder | ||||
2. | Reason for the notification | |||||
a) | Position / status | CEO | ||||
b) | Initial notification / amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Kingswood Holdings Limited | ||||
b) | Legal Entity Identifier | 213800DX97OROHY26686 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument | Ordinary shares of 5 pence each in the Company GG00BKY4K072 | ||||
b) | Nature of the transaction | Conversion rights to ordinary shares of 5 pence in the Company, in relation to the existing convertible facility. Borrower or lender has right to convert funds drawn to ordinary shares at the conversion price of the lower of:- (a) 16.5 pence; and (b) the average mid-market closing price of the Company's ordinary shares for the 20 Business Days prior to the date on which the Conversion Notice is served; | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Aggregated price |
As above
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e) | Date of the transaction(s) | 12th April, 2019 | ||||
f) | Place of the transaction | Outside of trading venue |
For further details, please contact:
Kingswood Holdings Limited | +44 (0)20 7623 2368 |
Gary Wilder/Patrick Goulding |
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finnCap Ltd (Nomad and Broker) | +44 (0)20 7220 0500 |
Ed Frisby / Scott Mathieson / Anthony Adams - Corproate Finance Tim / Richard Chambers- ECM | |
Greentarget (for media) Jamie Brownlee | +44 (0)20 7250 7000 |
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