Watchstone Group plc
("Watchstone" or the "Company")
Share Premium Reduction and Return of Cash
Further to the AGM notice and circular to shareholders dated 3 June 2025, the Company is proposing to reduce its share premium account by £1.0 million ("Share Premium Reduction") and to make a return of £850,000 in cash to shareholders ("Return of Cash") being approximately 1.85 pence per ordinary share. The Share Premium Reduction and Return of Cash remains conditional upon confirmation by the Court.
A directions hearing was heard by the Court today and the final Court hearing to consider the Share Premium Reduction is scheduled for 5 August 2025.
Subject to the 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 Court approval (where applicable))
| Event |
Date |
| Last day of trading on Aquis |
31 July 2025 |
| Cancellation of listing on Aquis |
7.00 am on 1 August 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 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. All times are London time.
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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