TR-1: Notification of Major Interest in Shares

22nd December 2015/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									Yes
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
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:ⁱⁱⁱ									Sand Grove Capital Management LLP
4. Full name of shareholder(s) (if different from 3.):^iv
5. Date of the transaction and date on which the threshold is crossed or reached:^v									21/12/2015
6. Date on which issuer notified:									22/12/2015
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}									Above 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}
Watchstone Group Plc GB00BYNBFN51 Equity CFD								2,305,383		Nominal	Delta
										5.0311%

Total (A+B+C)
Number of voting rights						Percentage of voting rights
2,305,383						5.0311%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:^xxi

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

13. Additional information:
14. Contact name:						Penelope Brudenell-Bruce
15. Contact telephone number:						+44 20 3770 8614