27th Apr 2020 10:34
Watchstone Group plc
("Watchstone" or the "Company")
RESULT OF GENERAL MEETING - PROPOSED SHARE PREMIUM REDUCTION AND RETURN OF CASH
Watchstone Group plc (LON:WTG) announces that the resolution to authorise a proposed reduction of the Company's share premium account ("Share Premium Reduction") and a proposed return of cash to Shareholders ("Return of Cash") was duly passed at the General Meeting, held earlier today.
Votes for | % | Votes against | % | Votes total | % of ISC voted | Votes withheld
|
14,124,687 | 99.8 | 2,839 | 0.02 | 14,127,677 | 30.7 | 151 |
The Share Premium Reduction and Return of Cash remain subject to Court approval.
Expected Timetable of Events
Court Hearing to confirm the share premium reduction | 10:00 a.m. on 9 June 2020 |
Record Date | 6:00 p.m. on 10 June 2020 |
Ordinary Shares commence trading ex-entitlement to Return of Cash | 8:00 a.m. on 11 June 2020 |
Registration of Court Order and Effective Date of Return of Cash | 11 June 2020 |
Dispatch of cheques to Shareholders or Shareholders' CREST accounts credited (as appropriate) in respect of Return of Cash entitlements | On or around 30 June 2020 |
Notes
These dates are estimates only, being subject to agreement of hearing dates with the Court. Any changes will be notified to Shareholders by an announcement on the Regulatory News Service of the London Stock Exchange.
All references to time in this announcement are to London time.
Watchstone Group plc | Tel: 03333 44804 |
| |
WH Ireland Limited, Nominated Adviser and broker |
Tel: 020 7220 1666 |
Chris Hardie Lydia Zychowska |
Related Shares:
WTG.L