RNS Number : 8999R

Watchstone Group PLC

15 December 2016

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			Watchstone Group plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights				X
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		The Goldman Sachs Group, Inc.
4. Full name of shareholder(s)  (if different from 3.):iv		Goldman Sachs International
5. Date of the transaction and date on which the threshold is crossed or reached: v		12 December 2016
6. Date on which issuer notified:		14 December 2016
7. Threshold(s) that is/are crossed or reached: vi, vii		N/A

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights ^x

Direct

Direct ^xi

Indirect ^xii

Direct

Indirect

GB00BYNBFN51    

2,688,621

2,688,621

2,787,474

6.05%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

Stock Loan (Physical)

Open

57,327

0.12%

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date	Exercise/ Conversion period	Number of voting rights instrument refers to	% of voting rights xix, xx
					Nominal	Delta
CFD (Cash)		01-May-2026		1,373		0.003%
CFD (Cash)		02-Oct-2026		34,607		0.08%
CFD (Cash)		07-Oct-2026		9,715		0.02%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

2,890,496

6.28%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
The Goldman Sachs Group, Inc.; 2,890,496 shares; 6.28% Goldman Sachs (UK) L.L.C. (Controlled by The Goldman Sachs Group, Inc.) ; 2,890,496 shares; 6.28% Goldman Sachs Group UK Limited (Controlled by Goldman Sachs (UK) L.L.C.) ; 2,890,496 shares; 6.28% Goldman Sachs International (Controlled by Goldman Sachs Group UK Limited) ; 2,890,496 shares; 6.28%
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error. General email contact: shareholderdisclosures@gs.com
14. Contact name:	Joanna Foley
15. Contact telephone number:	+44 207 051 9996

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