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Watchstone Group PLC (WTG)

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Monday 27 April, 2020

Watchstone Group PLC

Result of Meeting

RNS Number : 9513K
Watchstone Group PLC
27 April 2020
 

 

Watchstone Group plc

 

( " Watchstone " or the "Company")

 

 

RESULT OF GENERAL MEETING - PROPOSED SHARE PREMIUM REDUCTION AND RETURN OF CASH

Watchstone Group plc (LON:WTG) announces that the resolution to authorise a proposed reduction of the Company's share premium account ("Share Premium Reduction") and a proposed return of cash to Shareholders ("Return of Cash") was duly passed at the General Meeting, held earlier today.

Votes for

%

Votes against

%

Votes total

% of ISC voted

Votes withheld

 

14,124,687

  99.8

2,839

0.02

14,127,677

30.7

151

 

The Share Premium Reduction and Return of Cash remain subject to Court approval.

Expected Timetable of Events

Court Hearing to confirm the share premium reduction

10:00 a.m. on 9 June 2020

Record Date

6:00 p.m. on 10 June 2020

Ordinary Shares commence trading ex-entitlement to Return of Cash

8:00 a.m. on 11 June 2020

Registration of Court Order and Effective Date of Return of Cash 

11 June 2020

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 and broker

 

Tel: 020 7220 1666

Chris Hardie

Lydia Zychowska


 


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