Holding(s) in Company

12th May 2017/in News, RNS /by watchstonegroup

TR-1: Notification of major interest in sharesⁱ
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ⁱⁱ									Watchstone Group PLC
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments									X
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:ⁱⁱⁱ									Polygon Global Partners LLP Reade Eugene Griffith
4. Full name of shareholder(s) (if different from 3.):^iv									N/A
5. Date of the transaction and date on which the threshold is crossed or reached:^v									11 May 2017
6. Date on which issuer notified:									12 May 2017
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}									5%

8. Notified details:
A: Voting rights attached to shares^{viii, ix}
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights x
			Direct	Direct^xi	Indirect^xii	Direct	Indirect

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument		Expiration date ^xiii		Exercise/Conversion Period ^xiv		Number of voting rights that may be acquired if the instrument is exercised/ converted.		% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date^xvii		Exercise/Conversion period^xviii		Number of voting rights instrument refers to		% of voting rights^{xix, xx}
										Nominal	Delta
Contract for difference relating to ordinary shares (GB00BYNBFN51)								5,408,115			11.747%

Total (A+B+C)
Number of voting rights						Percentage of voting rights
5,408,115						11.747%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:^xxi
Reade Griffith holds a majority of the voting rights in Polygon Global Partners LLP. Consequently, Polygon Global Partners LLP is a “controlled undertaking” in relation to Mr. Griffith.

Proxy Voting:
10. Name of the proxy holder:									N/A
11. Number of voting rights proxy holder will cease to hold:									N/A
12. Date on which proxy holder will cease to hold voting rights:									N/A

13. Additional information:						Polygon Global Partners LLP is the investment manager to a fund, Polygon European Equity Opportunity Master Fund, and a separate managed account that, between them, hold the positions referred to in this notification.
14. Contact name:						Katharine Ostrow
15. Contact telephone number:						+44 020 7901 8331