Watchstone Group PLC - Share Premium Reduction and Return of Cash
Announcement provided by
Watchstone Group PLC · WTG09/06/2025 16:00
Watchstone Group plc
("Watchstone" or the "Company")
SHARE PREMIUM REDUCTION AND RETURN OF CASH
As set out in the AGM notice and circular to shareholders dated 3 June 2025, the Company is proposing to reduce its share premium account by
A directions hearing has been scheduled by the Court for 21 July 2025, and the final Court hearing to consider the Share Premium Reduction is scheduled for 5 August 2025.
Subject to shareholder approval at the AGM and subsequent Court confirmation, the Court order will be filed with Companies House and the Share Premium Reduction and Return of Cash will become effective upon such registration. Further announcements will be made confirming the exact timetable in due course.
EXPECTED TIMETABLE (subject to shareholder and Court approval)
|
Event |
Date |
|
Latest time and date for completion of Forms of Proxy |
10.00 a.m. on 25 June 2025 |
|
Annual General Meeting |
10.00 a.m. on 27 June 2025 |
|
Directions hearing |
21 July 2025 |
|
Court Hearing to confirm the Share Premium Reduction |
5 August 2025 |
|
Record date (if approved) |
5 August 2025 |
|
Registration of Court Order and Effective Date of Return of Cash |
6 August 2025 |
|
Dispatch of cheques to Shareholders or Shareholders' CREST accounts credited (as appropriate) in respect of Return of Cash entitlements |
On or around 14 August 2025 |
Notes:
These dates (except those for the completion of Forms of Proxy and of the AGM) are estimates only, being subject to agreement of hearing dates with the Court. The timetable assumes that the AGM will not be adjourned as a result of there being no quorum, or for any other reason. If there is an adjournment, all subsequent dates are likely to be later than those shown. Any changes will be notified to Shareholders by an announcement on the Regulatory News Service.
All times are
For further information:
|
Watchstone Group plc investor.relations@watchstonegroup.com |
Tel: 03333 448048 |
|
Zeus Capital, Financial Adviser and Broker Antonio Bossi / James Bavister |
Tel: 0203 829 5000 |
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