16 Dec 2015 07:00
16 December 2015
Watchstone Group plc
Temporary trading suspension
Watchstone Group plc (LON:WTG) ("Company") announces that, as planned and as previously announced on 26 November 2015, the Company has been granted a request that its Ordinary Shares be suspended from trading at 7:30am today (being the date of the Court Hearing relating to the Reduction of Capital and Return of Capital)("Suspension"). If the Court approves the Reduction of Capital and Return of Capital, the Suspension will be in place until the market opening on Monday, 21 December 2015.
In the event that the Company's proposals are rejected by the Court, the Company will request that its Ordinary Shares re-commence trading at the opening of the market on Thursday, 17 December 2015 and the Consolidation will not take place.
For further information:
Watchstone Group plc | Tel: 01489 864 200 |
Richard Rose, Non-executive Chairman Indro Mukerjee, Group Chief Executive Officer |
|
Stephen Joseph, Head of Investor Relations | |
Tulchan Communications | Tel: 020 7353 4200 |
Susanna Voyle Charlotte Church |
|
Peel Hunt LLP, Nominated Adviser and broker |
Tel: 020 7418 8900 |
Dan Webster George Sellar |