Watchstone Group PLC Resumption of trading in the Company's shares (6547J)

TIDMWTG

RNS Number : 6547J

Watchstone Group PLC

21 December 2015

Watchstone Group plc

("Watchstone" or the "Company")

Resumption of trading in the Company's shares

Watchstone (LON:WTG) announces that, following approval of the Reduction of Capital and the Return of Capital and following shareholder approval of the Consolidation proposed at the General Meeting, the Consolidation is now complete.

All shareholders on the register at 6 p.m. on 18 December 2015 receive one Consolidated Ordinary Shares of 10 pence each with the new ISIN GB00BYNBFN51 for every 10 existing Ordinary Shares of 1 pence each (being the previous 15 pence nominal value less 14 pence Reduction of Capital). The Consolidated Ordinary Shares will continue to trade on the AIM of the London Stock Exchange from 8 a.m. this morning.

Following the Consolidation, the number of Consolidated Ordinary Shares of 10 pence each in issue and admitted to trading is 45,822,708. The Company has no Consolidated Ordinary Shares held in treasury. The total of 45,822,708 Consolidated Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

Capitalised terms used in this announcement have the same meanings given to them in the Circular published by Watchstone on 9 November 2015.

For further information:

 
 Watchstone Group plc                               Tel: 01489 864 
                                                     200 
 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 8900 
   and broker 
 Dan Webster 
  George Sellar

This information is provided by RNS

The company news service from the London Stock Exchange

END

RENBBLFLELFFFBF

(END) Dow Jones Newswires

December 21, 2015 02:00 ET (07:00 GMT)

Watchstone (LSE:WTG)
Historical Stock Chart
From Jun 2024 to Jul 2024