European Wealth Group Limited Directorate Change (2515U)

TIDMEWG

RNS Number : 2515U

European Wealth Group Limited

23 October 2017

European Wealth Group Limited

("EWG", the "Company" or the "Group")

Board Appointments

European Wealth Group Limited (AIM: EWG, EWGL), the integrated wealth management group, is pleased to announced that, pursuant to the terms of the Subscription and Underwriting Agreement entered into on 23 June 2017, Jonathan Massing and Gary Wilder, have been appointed as Non-Executive directors of the Company, as nominated representatives of KPI (Nominees) Limited ("KPI"), with immediate effect.

Under the relationship agreement entered into with KPI in connection with the Subscription and Underwriting Agreement, Kingswood has the right to nominate two directors to the Board of the Company, for as long as it holds in excess of 20 per cent. of the ordinary shares of the Company.

Jonathan Massing, a chartered accountant, founded the City-based advisory firm Kingswood in 1993. Kingswood specialises in corporate finance and professional services for private entrepreneurial businesses and smaller companies.

Jonathan currently serves as the company's managing partner with a strong expertise in commercial and corporate finance advisory, buyouts, venture capital, shareholder dispute advisory, and private businesses valuation. He also acts as an independent financial expert. Jonathan has extensive experience in the sale and acquisition of private companies. He also provides advice on debt structures and working capital facilities.

In 1998 he set up Kingswood Investment Partners Limited as a private equity investor. He is also a founder of Kingswood Property Finance Limited Partnership.

Gary Wilder has over 30 years' experience of real estate investment, structured finance and private equity in Europe, Asia and the US and has been involved in all phases of the investment process including equity capital raising, fund structuring, debt financing, property acquisitions, asset management and sales. He has built up an extensive network of deep relationships with key players, advisors, brokers, consultants, investment banks and analysts.

He co-founded Moor Park in 2006, which today has a team of 34 employees and consultants and offices in London and Hamburg. Prior to founding Moor Park, Gary was a Managing Partner and Co-Head of European Funds Group within Nomura, a team he created following his role as Head of Nomura's Real Estate Principal Finance Group. He was also a member of Nomura's Global Fixed Income Committee. Between 1999 and 2002, he was Partner & Managing Director at Credit Suisse First Boston responsible for its European Real Estate Investment Banking business. In the period 1992-1999, Gary was a Managing Director at Bankers Trust (now Deutsche Bank) in the Real Estate Group.

Gary is also a founder partner of Kingswood Property Finance Limited Partnership, and alongside his partner Jonathan Massing has undertaken a range of long term private equity investments and financial transactions.

Marianne Ismail, Chief Executive Officer of the Company, commented: "We welcome Jonathan and Gary to the Board of EWG. The skills and experiences they both bring to the Company from their varied commercial and financial roles are a very good match for the Company and we look forward to working with them as we seek to grow the Group."

Additional Information on Jonathan Massing and Gary Wilder

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.

Jonathan Fraser Massing, aged 58, has been a director of the following companies during the five years preceding the date of this announcement:

 
 Current directorships     Past directorships 
------------------------  ------------------- 
 29-31 Eastways Limited    - 
  Gentleaid Limited 
  Gentleaid (2) Limited 
  Gentleaid (6) Limited 
  Gentleaid (13)Limited 
  Kingswood Financial 
  Services Limited 
  Kingswood Investment 
  Partners Limited 
  Kingswood Holdings 
  Limited 
  Kingswood (CA'S) 
  Limited 
  Kingswood Corporate 
  Finance Limited 
  Kingswood LLP 
  Kingswood CF LLP 
  Kingswood Property 
  Finance Limited 
  KPI (Nominees) Limited 
  KPI Spire (1) Limited 
  KPI Spire (2) Limited 
  KPI Spire (3) Limited 
  KPI Spire (4) Limited 
  KPI Spire (5) Limited 
  KPI Ardmore Limited 
  KPI (S2K) Limited 
  KPI Newbridge Limited 
  Moor Park Investors 
  Limited 
  Sherwood Management 
  Limited 
 

Gary Spencer Wilder, aged 55, has been a director of the following companies during the five years preceding the date of this announcement:

 
 Current directorships        Past directorships 
---------------------------  ------------------- 
 Gamich LLP                   Ashmote Ltd 
  Gary Wilder Ltd 
  Gentleaid (7) Limited 
  Gentleaid (8) Limited 
  Independent International 
  Records Limited 
  Kingswood Investment 
  Partners Limited 
  KPI Newbridge Limited 
  KPI (Nominees) Limited 
 

KPI (S2K) Limited

KPI Spire (1) Limited

KPI Spire (2) Limited

KPI Spire (3) Limited

KPI Spire (4) Limited

KPI Spire (5) Limited

KPI Ardmore Limited

Offline Record Limited

At the date of this announcement, neither Mr. Massing nor Mr Wilder have any beneficial interest in the ordinary shares of the Group. KPI, a company of which Mr. Massing and Mr. Wilder are both directors, holds 39,772,165 ordinary shares in the Group, representing 39.99% of the Company's issued share capital.

Save for the disclosures above, there are no further disclosures to be made in accordance with Rule 17 and Schedule 2(g) of the AIM Rules.

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 
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 23, 2017 02:00 ET (06:00 GMT)