Watchstone Group PLC Update re the sale of Healthcare services business (3730Y)
December 31 2019 - 3:00AM
UK Regulatory
TIDMWTG
RNS Number : 3730Y
Watchstone Group PLC
31 December 2019
Watchstone Group plc
("Watchstone" or the "Company" or the "Group")
Update re the sale of Healthcare services business
Further to its announcements on 17 September 2019 and 29
November 2019, Watchstone Group plc (LON:WTG) announces that its
Canadian subsidiary, Quindell Services Inc. still awaits a final
change of control consent in respect of its agreement to sell its
wholly owned subsidiary PT Healthcare Solutions Corp. and other
subsidiaries forming its Canadian Healthcare services business to
11628542 Canada Inc. a wholly owned subsidiary of LM Holdings Corp.
The parties have, therefore, agreed to further extend the long stop
completion date to 29 February 2020 as they await the final consent
which is expected in January 2020.
For further information:
Watchstone Group plc Tel: 03333 448048
WH Ireland Limited, Nominated Adviser Tel: 020 7220 1666
and broker
Chris Hardie
Lydia Zychowska
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END
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