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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Watchstone Group Plc | LSE:WTG | London | Ordinary Share | GB00BYNBFN51 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 52.10 | 50.00 | 54.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMWTG
RNS Number : 0244X
Watchstone Group PLC
16 February 2017
Watchstone Group plc
("Watchstone" or the "Group")
Issue of claim by Hubio Solutions Inc in respect of agreement with Aviva Canada Inc
Watchstone Group plc (LON:WTG) announces that its wholly owned subsidiary Hubio Solutions Inc ("Hubio Solutions"), a Canadian corporation, has issued a claim in the Ontario Superior Court of Justice against Aviva Canada Inc ("Aviva Canada") in respect of breach of contract and unpaid amounts due under an agreement entered into by the parties in October 2014 and announced on 21 October 2014 ("Agreement").
Aviva Canada has notified Hubio Solutions that it has issued a claim against Hubio Solutions and Ingenie (Canada) Inc (despite the fact that it was not party to the Agreement) in respect of this Agreement and otherwise.
Watchstone is confident in the strength of the Group's case and will defend any claim robustly. The Group is disappointed that having worked closely with Aviva Canada for many years, Aviva Canada has chosen not to fulfil its obligations under the Agreement or make the payments due as invoiced.
Watchstone will make further announcements in due course, as appropriate.
For further information:
Watchstone Group plc Tel: 03333 448048 Peel Hunt LLP, Nominated Adviser Tel: 020 7418 and broker 8900 Dan Webster
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCZMGMZGVMGNZG
(END) Dow Jones Newswires
February 16, 2017 02:00 ET (07:00 GMT)
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