Watchstone Group PLC - SHARE PREMIUM REDUCTION AND RETURN OF CASH

Announcement provided by

Watchstone Group PLC · WTG

03/07/2024 09:08

RNS Number : 9700U

Watchstone Group PLC

03 July 2024

Watchstone Group plc

("Watchstone" or the "Company")

SHARE PREMIUM REDUCTION AND RETURN OF CASH

Watchstone Group plc announces that the High Court of Justice in England and Wales has made an order approving the reduction of the Company's share capital under the Companies Act 2006. Details of the further reduction of the Company's share premium account ("Share Premium Reduction") were set out in the AGM notice and circular to shareholders dated 3 May 2024 and the proposal was approved by shareholders at the AGM held on 29 May 2024.

The order of the Court will be filed with Companies House as soon as the Company receives it, and the Share Premium Reduction and proposed return of cash to Shareholders of 8p per fully paid Ordinary Share held ("Return of Cash") will become effective upon registration at Companies House.

EXPECTED TIMETABLE OF EVENTS RELATING TO THE CASH RETURN OF CASH

Record Date relating to the Return of Cash	3 July 2024
Ordinary Shares commence trading ex-entitlement to the Return of Cash	8.00 a.m. on 4 July 2024
Registration of Court Order and Effective Date of the Return of Cash	4 July 2024
Dispatch of cheques to shareholders or shareholders' CREST accounts credited (as appropriate) in respect of the Return of Cash entitlements	On or around 12 July 2024

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 references to time in this announcement are to London time.

For further information:

Watchstone Group plc

investor.relations@watchstonegroup.com

Tel: 03333 448048

WH Ireland Limited, Financial Adviser and Broker

Antonio Bossi / James Bavister

Tel: 020 7220 1666

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