Kingswood Holdings Limited (GB:KWG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Kingswood Holdings Limited has announced the conversion of its Convertible Preference Shares into 469,263,291 new Ordinary Shares, resulting in HSQ Investment Limited, a subsidiary of Pollen Street Capital, holding approximately 68.4% of the enlarged share capital. The conversion is part of a broader funding structure established in 2019, aimed at simplifying the company’s capital structure and supporting its growth ambitions in the wealth management sector. Following the conversion, the company’s total voting rights will reflect the new share capital amount, and the listing on AIM will be maintained with new independent director agreements.
For further insights into GB:KWG stock, check out TipRanks’ Stock Analysis page.
