23rd Mar 2021 13:42
Kingswood Holdings Ltd - London-based wealth management business - Pays second deferred consideration of GBP475,000 for the acquisition of financial advisory firm Thomas & Co Financial Services. Notes Thomas & Co was acquired in February 2019 for GBP3.3 million. Says a portion of the cash proceeds from the issue of GBP20 million in convertible preference shares to Pollen Street Capital Ltd in December were used to make this payment.
Current stock price: 21.50 pence
Year-to-date change: down 17%
By Zoe Wickens; [email protected]
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