Watchstone Group PLC

Net Asset Value • Apr 18, 2016

National Storage Mechanism | Additional information

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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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