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Watchstone Group Plc
Watchstone Group PLC - Result of AGM
30th May 2023, 16:19
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RNS Number : 0748B
Watchstone Group PLC
30 May 2023
 

 

Watchstone Group plc

 

("Watchstone" or the "Company")

 

 

RESULT OF ANNUAL GENERAL MEETING

Watchstone's 2023 AGM was held earlier today. The Company announces all resolutions proposed at the Annual General Meeting, were duly passed as follows:

Resolution

Votes for

%

Votes against

%

Votes total

% of ISC voted

Votes withheld

 

1

24,552,409

99.33

165,663

0.67

24,718,072

53.69%

2,409

2

24,713,769

99.97

6,287

0.03

24,720,056

53.69%

3

23,890,568

96.64

829,723

3.36

24,720,291

53.70%

4

24,685,161

96.64

829,749

3.36

25,514,910

55.42%

5

24,685,161

99.86

34,867

0.14

24,720,028

53.69%

6

24,528,279

99.22

192,192

0.78

24,720,471

53.70%

 

Further to the Company's announcement on 24 March 2023, Lord Howard (Senior Non-executive Director) and David Young (Non-executive Director) have now stepped down from Board and will not be replaced.

 

Richard Rose, Non-executive Chairman said: "It has been a great privilege to work closely with Lord Howard and David Young over these last few years as we have dealt with an extraordinarily complex array of operational, legal, regulatory and accounting matters. Their counsel and commitment have proved invaluable to me and the rest of the Board."

 

Watchstone can also confirm that following the recent dismissal of its claim against PricewaterhouseCoopers LLP ("PwC"), permission to appeal was rejected by the High Court and the Company will now apply to the Court of Appeal for permission to appeal. As is required by the Court, Watchstone will now proceed to pay the sum of £2.25 million on account for PwC's costs pending detailed assessment of full costs.

 

 

Watchstone Group plc                                                          

               Tel: 03333 44804


                       

 

WH Ireland Limited, Financial Adviser and Broker

 

Tel: 020 7220 1666

Chris Hardie

James Bavister

 


 

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