Watchstone Group PLC Update (8520V)

TIDMWTG

RNS Number : 8520V

Watchstone Group PLC

06 December 2023

Watchstone Group plc

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

Update

Watchstone expects its cash balance (including term deposits) at 31 December 2023 to be approximately GBP7m (equating to approximately 15p per share) and awaits the decision of the Upper Tax Tribunal relating to the recovery of historic VAT paid in the Ingenie business. The hearing took place in November 2023.

For further information:

 
 Watchstone Group plc                        Tel: 03333 448048 
  investor.relations@watchstonegroup.com 
 WH Ireland Limited, Financial              Tel: 020 7220 1666 
  Adviser and Broker 
  Antonio Bossi /James Bavister 
                                          --------------------

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December 06, 2023 02:05 ET (07:05 GMT)

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