Kingswood Holdings Announces Director Shareholding Changes
Why we think this is neutral
This RNS is a routine regulatory announcement regarding changes in director shareholdings. It does not contain any material information about the company's financial performance, operations or outlook. As such, the overall sentiment is neutral, as this news is unlikely to have a significant impact on the company's share price.
Key Points
- Changes to director shareholdings due to purchase of shares by HSQ Investments Limited
- KPI Nominees Ltd no longer has a direct shareholding in Kingswood
- KPI still has a beneficial interest in 7% of Kingswood shares held by HSQ
Summary
Kingswood Holdings Limited (AIM: KWG), the international wealth and investment management group, has announced changes to the shareholdings of two of its non-executive directors, Jonathan Massing and Gary Wilder. The changes are due to the purchase of all Kingswood shares held by KPI Nominees Ltd by HSQ Investments Limited. This transaction has resulted in KPI no longer having a direct shareholding in the company, although it still has a beneficial interest in approximately 7% of Kingswood shares held by HSQ.