Deferred consideration payment
Source: RNS
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:
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Kingswood Holdings Limited |
+44 (0)20 7293 0730 |
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David Lawrence |
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finnCap Ltd (Nomad & Broker) |
+44 (0)20 7220 0500 |
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Simon Hicks / Abigail Kelly |
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GreenTarget (for Kingswood media) Jamie Brownlee / Ellie Basle |
+44 (0)20 7324 5498 |
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