Watchstone Group PLC - Stmnt re Share Price Movement London Stock Exchange
RNS Number : 5405V
Watchstone Group PLC
18 April 2016
 

 

 

18 April 2016

 

Watchstone Group plc

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

 

Statement re Share Price Movement

 

Watchstone (LON:WTG) notes the recent share price rise and can confirm that the Company has recently received a draft and highly conditional, non-cash proposal from a private company (the "Draft Proposal") for all of the assets (but excluding the actual and contingent liabilities) of the Group. The Board has rejected the Draft Proposal as being unworkeable but the correspondence may or may not lead to a further proposal being made to the Company.

 

The Company will provide more information as and when appropriate.

 

For further information:

Watchstone Group plc

 

Tel: 01489 864 200

Tulchan Communications      

Susanna Voyle, Charlotte Church

 

Tel: 020 7353 4200

Peel Hunt LLP, Nominated Adviser and broker

Dan Webster, Adrian Trimmings, George Sellar

Tel: 020 7418 8900

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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