Watchstone Group PLC Result of AGM (9676Q)

TIDMWTG

RNS Number : 9676Q

Watchstone Group PLC

24 June 2020

Watchstone Group plc

( " Watchstone " or the "Company")

RESULT OF ANNUAL GENERAL MEETING

Watchstone Group plc (LON:WTG) announces that all the resolutions proposed at the Annual General Meeting, held earlier today were duly passed.

 
 Resolution    Votes for                 %      Votes      %        Votes     % of       Votes 
                                              against               total      ISC    withheld 
                                                                             voted 
     1        11,213,641             98.57    160,135   1.41   11,376,310     24.7       2,534 
             -----------  ----------------  ---------  -----  -----------  -------  ---------- 
     2        11,371,295             99.96      2,422   0.02   11,376,310     24.7       2,593 
             -----------  ----------------  ---------  -----  -----------  -------  ---------- 
     3        11,345,212             99.73     28,555   0.25   11,376,309     24.7       2,542 
             -----------  ----------------  ---------  -----  -----------  -------  ---------- 
     4        11,045,527             99.72     28,241   0.25   11,076,310     24.1       2,542 
             -----------  ----------------  ---------  -----  -----------  -------  ---------- 
     5        11,177,070             98.25    196,698   1.73   11,376,310     24.7       2,542 
             -----------  ----------------  ---------  -----  -----------  -------  ---------- 
     6        11,176,970             98.25    196,798   1.73   11,376,310     24.7       2,542 
             -----------  ----------------  ---------  -----  -----------  -------  ---------- 
     7        11,183,532             98.31    190,136   1.67   11,376,310     24.7       2,642 
             -----------  ----------------  ---------  -----  -----------  -------  ---------- 
     8        11,373,049             99.97        859   0.01   11,376,310     24.7       2,402 
             -----------  ----------------  ---------  -----  -----------  -------  ---------- 
 

The proposed reduction of the Company's share premium account ("Share Premium Reduction") and a proposed second return of cash to Shareholders ("Second Return of Cash") as approved by resolution 8 remain subject to Court approval.

Expected Timetable of Events RELATING TO THE SECOND CASH RETURN OF CASH

 
 Court Hearing to confirm the Second Share                      21 July 2020 
  Premium Reduction 
 Record Date relating to the Second Return                      22 July 2020 
  of Cash 
 Ordinary Shares commence trading ex-entitlement        8.00 a.m. on 23 July 
  to the Second Return of Cash                                          2020 
 Registration of Court Order and Effective                      23 July 2020 
  Date of the Second Return of Cash 
 Dispatch of cheques to shareholders or shareholders'   On or around 31 July 
  CREST accounts credited (as appropriate)                              2020 
  in respect of the Second 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: [phone] 
 
 
   WH Ireland Limited , Nominated Adviser               Tel: [phone] 
   and broker 
 Chris Hardie 
  Lydia Zychowska 
 

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END

RAGSEAFELESSEFM

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June 24, 2020 08:30 ET (12:30 GMT)