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Share Name | Share Symbol | Market | Type |
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Kurita Water Ind | TG:KWI | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.30 | 0.76% | 39.88 | 39.78 | 40.00 | 39.88 | 39.56 | 39.56 | 165 | 12:54:29 |
RNS Number:8524R KeyWorld Investments PLC 10 November 2003 KeyWorld Investments Plc KeyWorld Launches Holiday Bond and Signs Distribution Agreement with Berkeley Berry Birch plc KeyWorld Investments plc (KeyWorld) is pleased to announce that it has reached agreement with Berkeley Berry Birch (Berkeley) to distribute the KeyWorld Bond; a unique holiday bond that provides investors with 30 years of holiday accommodation at a selection of 3,700 resorts in over 95 countries for a single investment. Unlike any other holiday bonds, the bondholder will not be required to pay annual management or user fees. The KeyWorld Bond carries an 8% commission to Independent Financial Advisors (IFAs) who will act as the primary source of distribution Berkeley intends to introduce the product first to some 12,000 clients of its subsidiary, Weston Financial Group subsidiary, which are advised by 80 IFAs. This initial stage will be followed by a rollout of the product to other Berkeley subsidiaries, including Berkeley Independent Advisors, the 4th largest network of IFAs in the UK, with over 650 IFAs and many more thousands of clients. "KeyWorld is pleased to be associated with one of UK's premier Financial Advisory Groups and is especially impressed by Berkeley's ongoing commitment to finding creative ways to enhance its clients' financial well being," states KeyWorld CEO, Todd Knobel. "The KeyWorld Bond will give IFAs a chance to dramatically impact one of the largest recurring areas of their clients' expenditure (holiday accommodation). Given the Bond's exceptional value, I believe the product will enable the IFA to assist his clients in reducing holiday accommodation expenditure without a corresponding reduction in resort quality or holiday duration. The Bond is also intended to serve as a means to inflation-proof an individual's future holiday accommodation spend, thereby eliminating the uncertainty and stress associated with this recurring expense." "We are continually looking for ways to expand the portfolio of products we offer our IFAs and clients so are extremely pleased to have reached this agreement with KeyWorld. We can foresee the creation of wealth for our clients through the reduction of holiday expenditure thus enabling them to invest more in other financial products " states Martin Banbury, Director, Berkeley Berry Birch. For further information, contact: Todd Knobel, CEO of KeyWorld Investments Plc Tel: +44 (0)20 7724 2423 or +44 (0) 7950 230937 Gary Hexley, Director, Weston Financial Group (up to 17th Nov) Tel + 44 (0) 121 362 1000 or 07973 183359 Martin Banbury, Director, Berkeley Berry Birch (after 17th Nov) Tel: + 44 (0) 12476 237590 Media enquiries: Richard Robinson, Marshall Robinson Roe Tel: +44 (0)20 7960 6007 or +44 (0)7879 402789 About KeyWorld * KeyWorld Investments plc has pioneered a holiday investment product, the KeyWorld Bond, which aims to provide investors with 30 years of holiday accommodation for a single investment. Primary distribution of the KeyWorld Bond will be through Independent Financial Advisory firms. KeyWorld's shares are traded on the Alternative Investment Market (AIM) of the London Stock Exchange. About Berkeley Berry Birch plc * National Financial Services Distribution Group * Top Five Independent Financial Advice (IFA) Group * Established since 2002 * Formed by the merger of Berkeley and Berry Birch & Noble plc in January 2002 * Listed on the London Stock Exchange with eleven major institutional investors * Current annual turnover of circa #65 million and more than 800 fully regulated advisers * Multi Channel: IFA, employee benefits, insurance broking, trustee services * Over 100,000 customers 10 November 2003 This information is provided by RNS The company news service from the London Stock Exchange END PRLEAXFNEEFDFFE
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