TIDMWTG

RNS Number : 4681D

Watchstone Group PLC

28 October 2020

Watchstone Group plc

( " Watchstone " or the "Company")

RESULT OF GENERAL MEETING - PROPOSED DISPOSAL OF THE INGENIE BUSINESS

Watchstone Group plc (LON:WTG) announces that the resolution to authorise the proposed disposal of the Ingenie Business (as defined in the Circular) was duly passed at the General Meeting, held earlier today. The disposal remains conditional on, inter alia, the agreement by certain counterparties of the novation of contracts. The disposal is expected to complete on or around 31 October 2020 at which point the Company will make a further announcement.

 
      Votes                %      Votes     %        Votes   % of ISC   Votes withheld 
        for                     against              total      voted 
 10,568,479             99.9     14,683   0.1   10,583,162       23.0           41,125 
             ---------------  ---------  ----  -----------  ---------  --------------- 
 
 
 Watchstone Group plc                                     Tel: 03333 44804 
 
 
   WH Ireland Limited , Nominated Adviser               Tel: 020 7220 1666 
   and broker 
 Chris Hardie 
  Lydia Zychowska 
 

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October 28, 2020 05:38 ET (09:38 GMT)