Watchstone Group PLC SHARE PREMIUM REDUCTION AND RETURN OF CASH
03 Juillet 2024 - 10:08AM
RNS Regulatory News
RNS Number : 9700U
Watchstone Group PLC
03 July 2024
Watchstone Group plc
("Watchstone" or
the "Company")
SHARE PREMIUM REDUCTION AND
RETURN OF CASH
Watchstone Group plc announces that
the High Court of Justice in England and Wales has made an order
approving the reduction of the Company's share capital under the
Companies Act 2006. Details of the further reduction of the
Company's share premium account ("Share Premium Reduction") were
set out in the AGM notice and circular to shareholders dated 3 May
2024 and the proposal was approved by shareholders at the AGM held
on 29 May 2024.
The order of the Court will be filed
with Companies House as soon as the Company receives it, and the
Share Premium Reduction and proposed return of cash to Shareholders
of 8p per fully paid Ordinary Share held ("Return of Cash") will
become effective upon registration at Companies House.
EXPECTED TIMETABLE OF EVENTS
RELATING TO THE CASH RETURN OF CASH
|
Record Date relating to the Return
of Cash
|
3 July 2024
|
|
Ordinary Shares commence trading
ex-entitlement to the Return of Cash
|
8.00
a.m. on 4 July 2024
|
|
Registration of Court Order and
Effective Date of the Return of Cash
|
4 July 2024
|
|
Dispatch of cheques to shareholders
or shareholders' CREST accounts credited (as appropriate) in
respect of the Return of Cash entitlements
|
On or around 12 July
2024
|
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.
All references to time in this
announcement are to London time.
For further information:
|
Watchstone Group plc
investor.relations@watchstonegroup.com
|
Tel: 03333
448048
|
|
WH
Ireland Limited, Financial Adviser and Broker
Antonio Bossi / James
Bavister
|
Tel:
020 7220 1666
|
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END
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