18 Apr 2016 14:44
18 April 2016
Watchstone Group plc
("Watchstone" or the "Company" or the "Group")
Statement re Share Price Movement
Watchstone (LON:WTG) notes the recent share price rise and can confirm that the Company has recently received a draft and highly conditional, non-cash proposal from a private company (the "Draft Proposal") for all of the assets (but excluding the actual and contingent liabilities) of the Group. The Board has rejected the Draft Proposal as being unworkeable but the correspondence may or may not lead to a further proposal being made to the Company.
The Company will provide more information as and when appropriate.
For further information:
Watchstone Group plc
| Tel: 01489 864 200 |
Tulchan Communications Susanna Voyle, Charlotte Church
| Tel: 020 7353 4200 |
Peel Hunt LLP, Nominated Adviser and broker Dan Webster, Adrian Trimmings, George Sellar | Tel: 020 7418 8900 |