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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
  2.00 3.67% 56.50 55.00 58.00 14,680 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 7.3 -6.6 67.1 0.8 26

Watchstone Group PLC Second Share Premium Reduction & Return of Cash

21/07/2020 10:46am

UK Regulatory (RNS & others)


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RNS Number : 6292T

Watchstone Group PLC

21 July 2020

Watchstone Group plc

( " Watchstone " or the "Company")

SECOND SHARE PREMIUM REDUCTION AND RETURN OF CASH

Watchstone Group plc (LON:WTG) announces that the High Court of Justice in England and Wales has made an order approving the reduction of the Company's share capital under the Companies Act 2006. Details of the further reduction of the Company's share premium account ("Second Share Premium Reduction") were set out in the AGM notice and circular to shareholders dated 29 May 2020 and the proposal was approved by shareholders at the AGM held on 24 June 2020.

The order of the Court will be filed with Companies House as soon as the Company receives it, and the Share Premium Reduction and proposed return of cash to Shareholders of 40p per fully paid Ordinary Share held ("Second Return of Cash") will become effective upon registration at Companies House.

Expected Timetable of Events

 
 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                  anticipated week 
  Date of the Second Return of Cash                       commencing 27 July 
                                                                        2020 
 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: 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

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(END) Dow Jones Newswires

July 21, 2020 05:46 ET (09:46 GMT)

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