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Watchstone Group PLC (WTG)

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Tuesday 21 July, 2020

Watchstone Group PLC

Second Share Premium Reduction & Return of Cash

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 of Cash

22 July 2020

Ordinary Shares commence trading ex-entitlement to the Second Return of Cash

8.00 a.m. on 23 July 2020

Registration of Court Order and Effective Date of the Second Return of Cash 

anticipated week

commencing 27 July 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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