European Wealth Group Limited Syndicated Facilities Agreement (0143Z)

TIDMEWG

RNS Number : 0143Z

European Wealth Group Limited

12 December 2017

European Wealth Group Limited

("European Wealth" or the "Company")

Update on Facilities Agreement

The Company is pleased to confirm that, further to the announcement issued by the Company on 7 November 2017, the Company and KPI (Nominees) Limited ("Kingswood") have signed the applicable documentation to put the facilities agreement entered into by the Company and Kingswood on 7 November 2017 in connection with the financing of the proposed acquisition by the Company of the Newbridge broker dealer platform in the US (the "Facilities Agreement") into a syndicated format. This syndicated format (which replaces the Facilities Agreement on identical commercial terms) will enable other parties approved by Kingswood to participate in due course in the applicable facilities, as syndicated lenders, including those larger shareholders of the Company who have already confirmed an interest in so participating.

For further details, please contact:

 
 European Wealth Group     [phone] 
  Limited                   2368 
 Marianne Ismail 
  Hugo Evans 
 finnCap Ltd (Nomad 
  and Broker)              [phone] 
 Adrian Hargrave 
  Scott Mathieson 
  Anthony Adams 
 Redleaf Communications   [phone] 
 Emma Kane 
  Robin Tozer 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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December 12, 2017 02:00 ET (07:00 GMT)