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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 : 5338H
Watchstone Group PLC
25 March 2020
Watchstone Group plc
("Watchstone" or the "Group")
Update
Further to its announcement on 10 February 2020, Watchstone Group plc (LON:WTG) updates on its plans for a Court approved, capital reduction and repayment to shareholders.
Watchstone has undertaken the necessary preparatory work for the transaction, including the working capital and creditor analysis required to confirm the current availability of funds to return at least GBP50m (representing at least 110p per share) to shareholders.
Unfortunately, due to the ongoing Covid-19 crisis and related government restrictions, it is currently unclear when or how a General Meeting relating to this matter could be held for shareholders to approve the transaction or when the Courts would be able to hear the matter. The Board continues to work closely with its legal advisers to arrange the next steps as soon as practicable but, at this stage, it is unable to confirm it will be able to complete the process on the original timetable of before the end of June 2020.
Watchstone will make further announcements in due course.
For further information:
Hot Features
Premium
Watchstone Group plc Tel: 03333 448048
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
UPDGCGDXBDDDGGU
(END) Dow Jones Newswires
March 25, 2020 05:30 ET (09:30 GMT)
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