Watchstone Group PLC Claim by Slater and Gordon (UK) 1 Limited (0061I)

TIDMWTG

RNS Number : 0061I

Watchstone Group PLC

14 June 2017

Watchstone Group plc

Claim by Slater and Gordon (UK) 1 Limited ("SGH")

Further to its announcements on 30 November 2016 and 11 May 2017, Watchstone Group plc (LON:WTG) ("Watchstone") has now been served with High Court proceedings issued by SGH for breach of warranty and/or fraudulent misrepresentation for a total amount of up to GBP637m plus interest in damages.

As previously detailed, Watchstone will defend such claims robustly.

Watchstone will make further announcements in due course, as appropriate.

For further information:

 
 Watchstone Group plc                         Tel: 020 7930 
                                               8033 
 alexnekrassov@newcenturymedia.co.uk 
                                           Tel: 020 7418 
  Peel Hunt LLP, Nominated Adviser              8900 
  and broker 
 Dan Webster

This information is provided by RNS

The company news service from the London Stock Exchange

END

FURUOVURBVANAUR

(END) Dow Jones Newswires

June 14, 2017 02:00 ET (06:00 GMT)

Watchstone (LSE:WTG)
Historical Stock Chart
From Mar 2024 to Apr 2024