Watchstone Group PLC Planned Temporary Suspension (1807J)

TIDMWTG

RNS Number : 1807J

Watchstone Group PLC

16 December 2015

Watchstone Group plc

Temporary trading suspension

Watchstone Group plc (LON:WTG) ("Company") announces that, as planned and as previously announced on 26 November 2015, the Company has been granted a request that its Ordinary Shares be suspended from trading at 7:30am today (being the date of the Court Hearing relating to the Reduction of Capital and Return of Capital)("Suspension"). If the Court approves the Reduction of Capital and Return of Capital, the Suspension will be in place until the market opening on Monday, 21 December 2015.

In the event that the Company's proposals are rejected by the Court, the Company will request that its Ordinary Shares re-commence trading at the opening of the market on Thursday, 17 December 2015 and the Consolidation will not take place.

For further information:

 
 Watchstone Group plc                             Tel: 01489 864 
                                                   200 
 Richard Rose, Non-executive Chairman 
  Indro Mukerjee, Group Chief Executive 
  Officer 
 Stephen Joseph, Head of Investor 
  Relations 
 
 Tulchan Communications                       Tel: 020 7353 
                                                   4200 
 Susanna Voyle 
  Charlotte Church 
 
   Peel Hunt LLP, Nominated Adviser            Tel: 020 7418 
   and broker                                       8900 
 Dan Webster 
  George Sellar

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 16, 2015 02:00 ET (07:00 GMT)

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