Kingswood Holdings (Kingswood) AIM shares have been cancelled from trading as of this morning (17 April) as the group goes private.
The cancellation comes with HSQ Investment (HSQ), a subsidiary of Pollen Street Capital, set to take over the business. HSQ held 68.4% of Kingswood's voting rights as at 12 March, when deal discussions were first announced. Yesterday (16 April), Kingswood updated that HSQ's interests in the business effectively amount to 99.27%. This follows the acceptance of a takeover offer in respect of 9.88% of shares. When the deal was announced in March, Kingswood noted growth-limiting "headwinds seen across the sector" and pointed to its rising debt, with its net debt position at £48.1m as of 3...
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