RNS Archives - Page 2 of 14 - Watchstone Group Plc

Change of registered office

7th December 2017/in News, RNS /by Watchstone Group

Watchstone Group plc

Change of registered office

Watchstone Group plc (LON:WTG) announces that its registered office address will be Highgate Court, Tollgate, Chandlers Ford, Eastleigh, Hampshire SO53 3TY with immediate effect.

For further information:

Watchstone Group plc

Tel: 03333 448048

Peel Hunt LLP, Nominated Adviser and broker

Dan Webster

Tel: 020 7418 8900

Holding(s) in Company

4th December 2017/in News, RNS /by watchstonegroup

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)ⁱ
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ⁱⁱ				WATCHSTONE GROUP PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify)ⁱⁱⁱ:
3. Details of person subject to the notification obligation^iv
Name		Deutsche Bank AG
City and country of registered office (if applicable)		Frankfurt, Germany
4. Full name of shareholder(s) (if different from 3.):^v
Name
City and country of registered office (if applicable)
5. Date of the transaction and date on which the threshold is crossed or reached:^vi				30/11/2017
6. Date on which issuer notified (DD/MM/YYYY):				04/12/2017
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)		Total number of voting rights of issuer^vii
Resulting situation on the date on which threshold was crossed or reached	8.95%	0.08%	9.03%		46,038,333
Position of previous notification (if applicable)	8.23%	0.00%	8.23%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii
A: Voting rights attached to shares
Class/type of shares ISIN CODE (if possible)	Number of voting rights^ix		% of voting rights
	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00BYNBFN51	4,121,574	0	8.95%	0.00%


SUBTOTAL 8. A	4,121,574		8.95%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument	Expiration date^x	Exercise/Conversion Period^xi	Number of voting rights that may be acquired if the instrument is exercised/converted.	% of voting rights
Rights To Recall			40,000	0.08%


		SUBTOTAL 8. B 1	40,000	0.08%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date^x	Exercise/Conversion Period^xi	Physical or cash settlement^xii	Number of voting rights	% of voting rights


			SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer^xiii			X
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity^xiv(please add additional rows as necessary)
Name^xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold

10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held

11. Additional information^xvi

Place of completion						London
Date of completion						04/12/2017

Holding(s) in Company

3rd November 2017/in News, RNS /by watchstonegroup

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)ⁱ
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ⁱⁱ				WATCHSTONE GROUP PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify)ⁱⁱⁱ:
3. Details of person subject to the notification obligation^iv
Name		NATIXIS
City and country of registered office (if applicable)		PARIS / FRANCE
4. Full name of shareholder(s) (if different from 3.):^v
Name
City and country of registered office (if applicable)
5. Date of the transaction and date on which the threshold is crossed or reached:^vi				27 October 2017
6. Date on which issuer notified (DD/MM/YYYY):				3 November 2017
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)		Total number of voting rights of issuer^vii
Resulting situation on the date on which threshold was crossed or reached	1%	–	1%		460,000
Position of previous notification (if applicable)	Above 3%	–	Above 3%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii
A: Voting rights attached to shares
Class/type of shares ISIN CODE (if possible)	Number of voting rights^ix		% of voting rights
	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
	460,000	–	1%	–


SUBTOTAL 8. A	460,000		1%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument	Expiration date^x	Exercise/Conversion Period^xi	Number of voting rights that may be acquired if the instrument is exercised/converted.	% of voting rights



		SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date^x	Exercise/Conversion Period^xi	Physical or cash settlement^xii	Number of voting rights	% of voting rights


			SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer^xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity^xiv(please add additional rows as necessary)			X
Name^xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
BPCE hold NATIXIS	70.99%	–	70.99%

10. In case of proxy voting, please identify:
Name of the proxy holder									–
The number and % of voting rights held									–
The date until which the voting rights will be held									–

11. Additional information^xvi
Correction of the notification sent this morning in order to : (i) use the TR-1 into force from 30 June 2017 and (ii) correct the date on which issuer notified / date of completion

Place of completion						PARIS
Date of completion						3 November 2017

Holding(s) in Company

3rd November 2017/in News, RNS /by watchstonegroup

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)ⁱ
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ⁱⁱ				WATCHSTONE GROUP PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify)ⁱⁱⁱ:
3. Details of person subject to the notification obligation^iv
Name		NATIXIS
City and country of registered office (if applicable)		PARIS / FRANCE
4. Full name of shareholder(s) (if different from 3.):^v
Name
City and country of registered office (if applicable)
5. Date of the transaction and date on which the threshold is crossed or reached:^vi				27 October 2017
6. Date on which issuer notified (DD/MM/YYYY):				31 October 2017
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)		Total number of voting rights of issuer^vii
Resulting situation on the date on which threshold was crossed or reached	1%	–	1%		460,000
Position of previous notification (if applicable)	Above 3%	–	Above 3%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii
A: Voting rights attached to shares
Class/type of shares ISIN CODE (if possible)	Number of voting rights^ix		% of voting rights
	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00BYNBFN51	460,000	–	1%	–


SUBTOTAL 8. A	460,000		1%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument	Expiration date^x	Exercise/Conversion Period^xi	Number of voting rights that may be acquired if the instrument is exercised/converted.	% of voting rights



		SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date^x	Exercise/Conversion Period^xi	Physical or cash settlement^xii	Number of voting rights	% of voting rights


			SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer^xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity^xiv(please add additional rows as necessary)			X
Name^xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
BPCE hold NATIXIS	70.99%	–	70.99%

10. In case of proxy voting, please identify:
Name of the proxy holder									–
The number and % of voting rights held									–
The date until which the voting rights will be held									–

11. Additional information^xvi

Place of completion						Paris
Date of completion						31/10/2017

Holding(s) in Company

2nd November 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									31 October 2017
6. Date on which issuer notified:									1 November 2017
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}									19%

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)				8,925,000		19.386%

Total (A+B+C)
Number of voting rights						Percentage of voting rights
8,925,000						19.386%

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

Holding(s) in Company

16th October 2017/in News, RNS /by watchstonegroup

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)ⁱ
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ⁱⁱ				Watchstone Group Plc GB00BYNBFN51
1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights				X
An acquisition or disposal of qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify)ⁱⁱⁱ:
3. Details of person subject to the notification obligation^iv
Name		UBS Investment Bank UBS Group AG
City and country of registered office (if applicable)		Zürich Switzerland
4. Full name of shareholder(s) (if different from 3.):^v
Name		UBS AG London Branch
City and country of registered office (if applicable)		London, United Kingdom
5. Date of the transaction and date on which the threshold is crossed or reached:^vi				12 October 2017
6. Date on which issuer notified (DD/MM/YYYY):				16 October 2017
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)		Total number of voting rights of issuer^vii
Resulting situation on the date on which threshold was crossed or reached	6.01%	–	6.01%		46’038’333
Position of previous notification (if applicable)	5.25%	–	5.25%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii
A: Voting rights attached to shares
Class/type of shares ISIN CODE (if possible)	Number of voting rights^ix		% of voting rights
	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00BYNBFN51		2’764’611		6.01%


SUBTOTAL 8. A	2’764’611		6.01%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument	Expiration date^x	Exercise/Conversion Period^xi	Number of voting rights that may be acquired if the instrument is exercised/converted.	% of voting rights



		SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date^x	Exercise/Conversion Period^xi	Physical or cash settlement^xii	Number of voting rights	% of voting rights


			SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer^xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity^xiv(please add additional rows as necessary)			X
Name^xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
UBS Group AG
UBS AG
UBS AG London Branch	6.01%		6.01%

10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held

11. Additional information^xvi

Place of completion						Opfikon, Switzerland
Date of completion						16.10.2017

Defence to claim by Slater and Gordon (UK) 1 Ltd

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

Watchstone Group plc

Defence to claim by Slater and Gordon (UK) 1 Limited

Further to its announcement on 14 June 2017, Watchstone Group plc (LON:WTG) (“Watchstone”) has now served and filed its Defence in the High Court proceedings issued by Slater and Gordon (UK) 1 Limited (“SGH”) for breach of warranty and/or fraudulent misrepresentation for a total amount of up to £637m plus interest and damages.

A copy of the Defence, a Summary of which is set out below, can be obtained on written application to the Commercial Court, alternatively online at the HM Courts & Tribunals e-filing Service: HMCTS e-filing service at https://efile.cefile-app.com/login, subject to the payment of the prescribed fee. The claim number is CL-2017-000348, High Court of Justice, Queens Bench Division, Commercial Court.

As previously detailed, Watchstone is satisfied that SGH’s claims are wholly without merit and the proceedings should never have been issued. Watchstone will defend these proceedings robustly.

Watchstone will make further announcements in due course, as appropriate.

For further information:

Watchstone Group plc

alexnekrassov@newcenturymedia.co.uk

Tel: 020 7930 8033

Peel Hunt LLP, Nominated Adviser and broker

Dan Webster

Tel: 020 7418 8900

Click here to view the Summary of Defence

Holding(s) in Company

28th September 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									27 September 2017
6. Date on which issuer notified:									28 September 2017
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}									18%

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)				8,400,000		18.246%

Total (A+B+C)
Number of voting rights						Percentage of voting rights
8,400,000						18.246%

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

Director/PDMR Shareholding

27th September 2017/in News, RNS /by watchstonegroup

Watchstone Group plc
(“Watchstone” or the “Company”)

Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities

The Company has been notified that, on 26 September 2017, Rt Hon Lord Howard of Lympne CH QC (Non-Executive Director), effected the transfer of his 12,608 Ordinary Shares each in the Company (“Ordinary Shares”) held beneficially by Peel Hunt into his personal account, for nil consideration. There are no changes in Lord Howard’s beneficial holdings in connection with the above transfer.

The attached notifications, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail of the number of shares transferred.

Details of the person discharging managerial responsibilities/person closely associated

Name:

Rt Hon Lord Howard of Lympne CH QC

Reason for the notification

Position/status:

Non Executive Director

Initial notification/Amendment:

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name:

Watchstone Group plc

LEI:

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of 10p each

GB00BYNBFN51

Nature of the transaction:

No change in beneficial interest, transfer for nil consideration of Ordinary Shares from the Company’s Peel Hunt dealing account to the individual

Price(s) and volume(s):

Price(s)	Volume(s)
Nil	12,608

Aggregated information:

Aggregated volume:
Price:

Single transaction as in 4 c) above

Price(s)	Volume(s)
Nil	12,608

Date of the transaction:

25 September 2017

Place of the transaction:

Outside a trading venue

For further information:

Watchstone Group plc

Tel: 03333 448048

Peel Hunt LLP, Nominated Adviser and broker

Dan Webster, Adrian Trimmings, George Sellar

Tel: 020 7418 8900

Holding(s) in Company

21st September 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									20 September 2017
6. Date on which issuer notified:									21 September 2017
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}									17%

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)				8,016,599		17.413%

Total (A+B+C)
Number of voting rights						Percentage of voting rights
8,016,599						17.413%

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

Watchstone Group office