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Deferred consideration payment

6th Oct 2023 17:00

RNS Number : 0168P
Kingswood Holdings Limited
06 October 2023
 

KINGSWOOD HOLDINGS LIMITED

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

Deferred consideration payment

Kingswood Holdings Limited (AIM: KWG), the international, fully integrated wealth and investment management group, is pleased to announce that it has made the final deferred consideration payment of £1.775m relating to the acquisition of Sterling Trust Financial Consulting Limited (Sterling Trust), as announced on 25 June 2020. This represents the maximum achievable earn-out amount.

Kingswood will satisfy the consideration through the utilisation of its funding facility, as announced on 17 October 2022.

David Lawrence, Kingswood CEO, commented:

"Sterling Trust was a transformative acquisition for Kingswood when completed in June 2020 and we have been delighted at the growth it has seen as part of the Kingswood group".

 

 

For further details, please contact:

Kingswood Holdings Limited 

+44 (0)20 7293 0730

David Lawrence

www.kingswood-group.com

 

finnCap Ltd (Nomad & Broker)

+44 (0)20 7220 0500

Simon Hicks / Abigail Kelly

 

GreenTarget (for Kingswood media)

Jamie Brownlee / Ellie Basle 

+44 (0)20 7324 5498

[email protected]

 

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