Watchstone Group PLC Stmnt re Share Price Movement (5405V)

TIDMWTG

RNS Number : 5405V

Watchstone Group PLC

18 April 2016

Watchstone Group plc

("Watchstone" or the "Company" or the "Group")

Statement re Share Price Movement

Watchstone (LON:WTG) notes the recent share price rise and can confirm that the Company has recently received a draft and highly conditional, non-cash proposal from a private company (the "Draft Proposal") for all of the assets (but excluding the actual and contingent liabilities) of the Group. The Board has rejected the Draft Proposal as being unworkeable but the correspondence may or may not lead to a further proposal being made to the Company.

The Company will provide more information as and when appropriate.

For further information:

 
 Watchstone Group plc                     Tel: 01489 
                                             864 200 
---------------------------------------  ----------- 
 Tulchan Communications                     Tel: 020 
  Susanna Voyle, Charlotte Church          7353 4200 
---------------------------------------  ----------- 
 Peel Hunt LLP, Nominated Adviser and       Tel: 020 
  broker                                   7418 8900 
  Dan Webster, Adrian Trimmings, George 
  Sellar 
---------------------------------------  -----------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 18, 2016 09:44 ET (13:44 GMT)

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