Watches of Switzerland Group PLC

Share Issue/Capital Change • Jun 10, 2019

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RNS Number : 6451B

Watches of Switzerland Group PLC

10 June 2019

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

10 June 2019

Watches of Switzerland Group PLC

Exercise of Over-allotment Option

Goldman Sachs International, acting as the Stabilising Manager in connection with the initial public offering (the "Offer") of Watches of Switzerland Group PLC ("Watches of Switzerland Group"), has today given notice to exercise the over-allotment option (the "Over-allotment Option") granted by Jewel HoldCo S.à.r.l. in respect of 8,148,148 ordinary shares of Watches of Switzerland Group (the "Over-allotment Shares") at the offer price of 270 pence per Over-allotment Share. Watches of Switzerland Group did not participate in the Over-allotment Option.

Giving effect to the exercise of the Over-allotment Option, the final total size of the Offer (comprising new shares issued by the Watches of Switzerland Group and an offer of shares that were in existence prior to the admission of the ordinary shares of the Watches of Switzerland Group to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange ("Admission") sold by certain shareholders of the Watches of Switzerland Group prior to Admission) was £242.0 million (89,629,629 ordinary shares), in total representing 37.4 per cent. of the ordinary shares in Watches of Switzerland Group currently in issue.

Enquiries:

Watches of Switzerland Group ·      Brian Duffy (CEO), Anders Romberg (CFO)	investor.relations@thewosgroup.com
Finsbury (public relations adviser to Watches of Switzerland Group) ·      Charles O'Brien, Edward Simpkins	+44 (0) 207 251 3801

Important Legal Information

The information contained in this announcement is for background purposes only and does not purport to be full or complete, nor does this announcement constitute or form part of any invitation or inducement to engage in investment activity. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. The contents of this announcement are not to be construed as legal, financial or tax advice.

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This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for, or otherwise invest in, securities to any person in any jurisdiction, including the United States, Australia, Canada, Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered sold or resold in the United States unless registered under the United States Securities Act of 1933, as amended (the "Securities Act") or in a transaction exempt from, or not subject to, the registration requirements of the Securities Act. The securities referred to herein have not been, and will not be, registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. Subject to certain exceptions, the Shares referred to herein may not be offered, sold or resold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. There was no public offer of the securities referred to herein in the United States, Australia, Canada, Japan, or elsewhere.

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