TIDMWTG

RNS Number : 9513K

Watchstone Group PLC

27 April 2020

Watchstone Group plc

( " Watchstone " or the "Company")

RESULT OF GENERAL MEETING - PROPOSED SHARE PREMIUM REDUCTION AND RETURN OF CASH

Watchstone Group plc (LON:WTG) announces that the resolution to authorise a proposed reduction of the Company's share premium account ("Share Premium Reduction") and a proposed return of cash to Shareholders ("Return of Cash") was duly passed at the General Meeting, held earlier today.

 
      Votes                %      Votes      %        Votes   % of ISC   Votes withheld 
        for                     against               total      voted 
 14,124,687             99.8      2,839   0.02   14,127,677       30.7              151 
             ---------------  ---------  -----  -----------  ---------  --------------- 
 

The Share Premium Reduction and Return of Cash remain subject to Court approval.

Expected Timetable of Events

 
 Court Hearing to confirm the share premium             10:00 a.m. on 9 June 
  reduction                                                             2020 
 Record Date                                            6:00 p.m. on 10 June 
                                                                        2020 
 Ordinary Shares commence trading ex-entitlement        8:00 a.m. on 11 June 
  to Return of Cash                                                     2020 
 Registration of Court Order and Effective                      11 June 2020 
  Date of Return of Cash 
 Dispatch of cheques to Shareholders or Shareholders'   On or around 30 June 
  CREST accounts credited (as appropriate)                              2020 
  in respect of Return of Cash entitlements 
 

Notes

These dates are estimates only, being subject to agreement of hearing dates with the Court. Any changes will be notified to Shareholders by an announcement on the Regulatory News Service of the London Stock Exchange.

All references to time in this announcement are to London time.

 
 Watchstone Group plc                                     Tel: 03333 44804 
 
 
   WH Ireland Limited , Nominated Adviser               Tel: 020 7220 1666 
   and broker 
 Chris Hardie 
  Lydia Zychowska 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ROMFZGZDLNZGGZG

(END) Dow Jones Newswires

April 27, 2020 05:34 ET (09:34 GMT)

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