This conditional share purchase agreement allows Astoria, an investor currently holding 17.46%, to complete the winding down of its holding in Kingswood and the closure of the fund that held the investment. From Kingswood’s perspective, its major shareholder, KPI (38.85%), becomes more influential with a potential total ownership of 66%, assuming certain conditions are met. One of these conditions involves the drawdown of a convertible debt facility totalling £4.4m, allowing Kings
02 Jul 2019
Kingswood Holdings - Conditional sale and purchase agreement
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Kingswood Holdings - Conditional sale and purchase agreement
- Published:
02 Jul 2019 -
Author:
Cavendish Research -
Pages:
3
This conditional share purchase agreement allows Astoria, an investor currently holding 17.46%, to complete the winding down of its holding in Kingswood and the closure of the fund that held the investment. From Kingswood’s perspective, its major shareholder, KPI (38.85%), becomes more influential with a potential total ownership of 66%, assuming certain conditions are met. One of these conditions involves the drawdown of a convertible debt facility totalling £4.4m, allowing Kings