Watchstone Group is a holding company with technology at its core.

Our businesses offer leading technology solutions primarily to the insurance, automotive and healthcare industries.

While we have a diverse portfolio, our operating businesses are unified by a set of shared commercial principles:

■We seek to anticipate change and we have the agility to exploit the dynamism of customer behaviour
■We invest in the people and technologies that will drive innovation and success in our markets
■We promote in-depth sector knowledge and experience as the starting point of value creation, and
■We strive for efficiency across our businesses through the optimal allocation of resources and good governance

                   

NEWS

26th Jan 2018 Pre-close trading update
11th May 2017 Prospective claim by Slater and Gordon
05th May 2017 Report and Accounts for the year ended 31 December 2016
27th Apr 2017 Preliminary results for the year ended 31 December 2016

VIDEO/AUDIO/PRESENTATIONS

May 2017 2016 Annual Report and Accounts
Jun 2016 Presentation-Results for the six months ended 30 June 2016
27th May Watchstone Audio Webcast-Financial Results
27th Jan Watchstone Group Outline Strategy

EVENTS

The 2017 Commercial Vehicle Show (CV Show)25th-27th April -UK (Hubio)
The Strategic Claims conference2nd March-UK (Hubio)
2017 Insurance-Canada.ca Technology Conference28th February-Canada (Hubio)
NRF's Annual Convention & EXPO (Retail's BIG Show)15th-17th January-USA (Tech Mahindra-Bronze sponsors/exhibitor)
2017 Commercial Vehicle Show25th-27th April-UK (Hubio Fleet-exhibitor)

WEBSITES




LINKS TO DEDICATED PAGES

pt Health
ingenie Updated 2nd June
Innocare Updated 2nd June

Link to historic 'Shareholder information'

Shareholder information
The directors have been notified, or are aware of the following interests in the issued share capital of the company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and directors of Watchstone Group plc as at 8 June 2017.

Major shareholder information

Name--------------------------------------------No. of Shares-------------------% Holding

Beach Point Capital Management LLP-----------7,888,718----------------------17.14%
Polygon Global Partners LLP---------------------6,000,000----------------------13.03%
Sand Grove Capital Management LLP-----------3,787,781-----------------------8.23%
M&G Investments (Prudential)-------------------2,916,666-----------------------6.34%
BlueMountain Capital Management, LLC---------2,319,940----------------------5.04%

Subtotal-------------------------------------------22,913,105--------------------49.77%

Director information

Name---------------------------------------No. of Shares-------------------% Holding

Richard Rose--------------------------------100,000--------------------------0.22%
Indro Mukerjee-------------------------------50,550--------------------------0.11%
Mark Williams---------------------------------50,550--------------------------0.11%
Lord Howard of Lympne----------------------12,608-------------------------0.03%
David Currie-------------------------------------1950--------------------less than 0.01%

Subtotal---------------------------------------215,658-------------------less than 0.47%

Current total shares in issue 46,038,333 as at 8 June 2017 with none being held as treasury and 1.97% being held “not in public hands” i.e. held by directors, directors of subsidiaries, trustees of employee share schemes / pension funds or any other substantial shareholders (>10%).

http://www.watchstonegroup.com/investors/shareholder-information/

14 June 2017 
Watchstone Group plc
 
Claim by Slater and Gordon (UK) 1 Limited ("SGH")
 
Further to its announcements on 30 November 2016 and 11 May 2017, Watchstone Group plc (LON:WTG) ("Watchstone") has now been served with High Court proceedings issued by SGH for breach of warranty and/or fraudulent misrepresentation for a total amount of up to £637m plus interest in damages.
 
As previously detailed, Watchstone will defend such claims robustly.
 
Watchstone will make further announcements in due course, as appropriate.

http://www.moneyam.com/action/news/showArticle?id=5567043
 

27 June 2017 
Watchstone Group plc
 
Board Appointment

Further to the announcement that Indro Mukerjee will resign from the Board after completing his planned work at the end of this year, Watchstone confirms that Stefan Borson, Group General Counsel & Company Secretary, will succeed him as Group Chief Executive Officer. 
 
Upon appointment, Stefan, who has worked with the Group for almost three years, will also continue his existing responsibilities, ensuring continuity on all legal and regulatory matters.
 
Watchstone also intends to reduce the size of its Board as of January 2018 to comprise Richard Rose, Non-executive Chairman; Stefan Borson as Group Chief Executive Officer (who will join the Board on Indro's departure); Mark Williams, Group Finance Director; and two further non-executive directors. Two of the current non-executive directors will resign at the end of the year and a further announcement will be made in due course.
 
Richard Rose commented: "For the rest of the year, Indro, Stefan and I will continue to work closely with the rest of the Board to effect a smooth transition to the new structure. With a twenty-year career in finance, legal and management positions, we believe that Stefan has the right blend of experience to successfully lead Watchstone into its next phase."
 
Information required under paragraph (g) of Schedule 2 of the AIM Rules will be made at the time of the formal appointment of Mr Borson.

http://www.moneyam.com/action/news/showArticle?id=5574018

27 June 2017 
Watchstone Group plc
 
Result of AGM and AGM statement
 
Watchstone (LON:WTG) announces that all resolutions at its Annual General Meeting, held earlier today, were duly passed.

Richard Rose, Non-executive Chairman of Watchstone said: "We are on track with the strategy and execution of our plan to prepare our businesses for future disposals. These potential divestments or any alternative strategic options will be determined with a view to maximising shareholder value taking all factors into consideration.

With the stablisation and improvement of our operating businesses, there is no undue pressure to dispose of assets unless fair value is achieved.   

We have already communicated that Watchstone will be run by a smaller central team and Indro Mukerjee has stated that he will resign from the Board having completed his planned work at the end of this year.
 
Indro will be succeeded by Stefan Borson, Group General Counsel & Company Secretary, who will take over as Group Chief Executive Officer following Indro's departure.  Stefan will continue his existing responsibilities, ensuring continuity on all legal and regulatory matters.
 
In line with this next phase, we will reduce the size of the Board as of January 2018 and this will be comprised of me as Non-executive Chairman; Stefan Borson (who will join the Board upon Indro's departure); Mark Williams, Group Finance Director; and two of the current non-executive directors. The remaining two non-executive directors will resign at the end of the year and an announcement will be made on this in due course.
 
For the rest of the year, Indro, Stefan and I will continue to work closely with the rest of the Board to effect a smooth transition to the new structure. This transition work will include: further strengthening of our operating businesses' management teams; the implementation of a number of business improvements to give greater operational autonomy to our portfolio companies; and the continued guidance of their development as an owner. In addition, Watchstone will continue with its divestment strategy as well as bringing the legacy and other legal issues to their satisfactory conclusion.
 
This will all be done with a view to maximising the amount of cash to be returned to shareholders at the earliest possible opportunity. As previously announced, this has been delayed by the commencement of legal proceedings by Slater & Gordon (UK) 1 Limited and whilst we believe that their accusations are groundless and without merit, it would not be possible for the Board or a Court to sanction the distribution of assets or cash whilst this litigation remains active.
 
I would like to thank Indro for his dedication and ability to lead the Group through a series of complex legacy issues. Indro has had to tackle a range of challenges, has increased revenues and cut losses and has established a foundation to enable the Group to deliver the best possible value to our shareholders."

http://www.moneyam.com/action/news/showArticle?id=5574290

Spotlight on ingenie


June 2017

Watchstone Group is pleased to share a spotlight video on our ingenie business. This video features the Watchstone Group CEO, Indro Mukerjee and Mike Ketteringham and Cara Hurlock from the ingenie senior management team as they talk about ingenie’s success to date as an insurtech pioneer.

They explain how the business was founded on a passion for road safety and driven by innovation in data and technology that underpins everything. Building on the wealth of data and deep expertise in insurtech, they share their excitement on ingenie’s strong position for future growth.

http://www.watchstonegroup.com/spotlight-on-ingenie/

Settlement the first step in saving Slater & Gordon from oblivion
The Australian
1:59PM July 11, 2017
http://www.theaustralian.com.au/business/opinion/stephen-bartholomeusz/settlement-the-first-step-in-saving-slater-gordon-from-oblivion/news-story/a10aca78bcc470aeda22ce803dca48a9

Slater and Gordon shares jump 13.5% on $28m class action settlement
Financial Times
16 hours ago by: Hudson Lockett

https://www.ft.com/content/b803b237-e474-30d3-bef0-8631f5e13b88?mhq5j=e3

Polygon Global Partners LLP have increased their stake to 6,564,379 (14.259%)

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.

http://www.watchstonegroup.com/8392k/

InnoCare Launches Engage: A Fully Automated & Personalised Email Marketing Tool for Clinicians


July 2017/in Company News


InnoCare has released Engage, an automated and personalised email marketing system strategically designed to increase clinic revenue. Engage helps clinicians maintain relationships with their patients by recommending appropriate health care products, cross referring them to clinic services, reaching out when a patient self-discharges to encourage them to complete their treatment plan and attend future appointments.

Integrated with InnoCare Charting+, ‘trigger-based’ emails are sent at specific intervals during the patient’s treatment journey. Unlike traditional email platforms that require spreadsheet uploads and email development, Engage pulls data automatically from Charting+, alleviating the challenges and trepidation clinicians and their staff have with managing email marketing campaigns. Engage does all the heavy lifting, helping busy practitioners stay in-touch with their patients through meaningful and relevant content.

Engage emails are sent after specific events such as missed appointments. “We know that patient “fall-off” is a critical issue for clinics and patients alike,” InnoCare CEO, Heather Shantora, explains. “With Engage, practitioners will have peace of mind knowing that the program will automatically reach out if a patient has missed an appointment with a friendly reminder encouraging them to complete their treatment plan.” The automated emails are based on recommendations the clinician made during appointments and documented within Charting+. Following the appointment, a patient receives a follow-up email that may be about a recommended health care product, contain an exercise guide, or cross refers a clinic service that supports the patient’s recovery goals.

Engage is another innovative product that further differentiates InnoCare as a health care technology leader focused on developing tools and services that improve clinic efficiency, grow practices, and improve clinical outcomes. In addition, all communications sent through Engage meet Canada’s Anti-Spam Legislation (CASL) requirements and contain relevant, personalised content that aligns with the patient’s unique treatment plan.

For more information about Engage, please visit https://innocare.ca/services/engage/



Link to the Innocare YouTube channel:

https://www.youtube.com/channel/UCHKHYrgWvNl0xJOYeb9Hjkg

The shareholder information was updated yesterday but they have not altered the date as yet! Edit -Have now

The directors have been notified, or are aware of the following interests in the issued share capital of the company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and directors of Watchstone Group plc as at 12 July 2017.

Current total shares in issue 46,038,333 as at 12 July 2017 with none being held as treasury and 1.97% being held “not in public hands” i.e. held by directors, directors of subsidiaries, trustees of employee share schemes / pension funds or any other substantial shareholders (>10%).

Link to historic 'Shareholder information'
Shareholder informationThe directors have been notified, or are aware of the following interests in the issued share capital of the company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and directors of Watchstone Group plc as at 8 June 2017.


Major shareholder information

Name--------------------------------------------No. of Shares-------------------% Holding

Beach Point Capital Management LLP-----------7,888,718----------------------17.14%
Polygon Global Partners LLP---------------------6,564,379----------------------14.26%
Sand Grove Capital Management LLP-----------3,787,781-----------------------8.23%
M&G Investments (Prudential)-------------------2,916,666-----------------------6.34%
BlueMountain Capital Management, LLC---------2,319,940----------------------5.04%

Subtotal-------------------------------------------23,477,484--------------------51.01%

Director information

Name---------------------------------------No. of Shares-------------------% Holding

Stefan Borson (PMDR)----------------------300,00---------------------------0.65%
Richard Rose--------------------------------100,000--------------------------0.22%
Indro Mukerjee-------------------------------50,550--------------------------0.11%
Mark Williams---------------------------------50,550--------------------------0.11%
Lord Howard of Lympne----------------------12,608-------------------------0.03%
David Currie------------------------------------1,950--------------------less than 0.01%

Subtotal---------------------------------------515,658-------------------------1..13%

Current total shares in issue 46,038,333 as at 8 June 2017 with none being held as treasury and 1.97% being held “not in public hands” i.e. held by directors, directors of subsidiaries, trustees of employee share schemes / pension funds or any other substantial shareholders (>10%).

http://www.watchstonegroup.com/investors/shareholder-information/

Polygon Global Partners LLP have increased their stake from 6,564,379 (14.259%) to
6,930,269 (15.053%)

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.

http://otp.investis.com/clients/uk/watchstone_group/rns/regulatory-story.aspx?cid=1338&newsid=895989

Link to historic 'Shareholder information'

Shareholder information

The directors have been notified, or are aware of the following interests in the issued share capital of the company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and directors of Watchstone Group plc as at 31 July 2017

Major shareholder information

Name--------------------------------------------No. of Shares-------------------% Holding

Beach Point Capital Management LLP-----------7,888,718----------------------17.14%
Polygon Global Partners LLP---------------------6,930,269----------------------15.05%
Sand Grove Capital Management LLP-----------3,787,781-----------------------8.23%
M&G Investments (Prudential)-------------------2,916,666-----------------------6.34%
BlueMountain Capital Management, LLC---------2,248,093----------------------4.88%

Subtotal-------------------------------------------23,771,527--------------------51.64%

Director information

Name---------------------------------------No. of Shares-------------------% Holding

Stefan Borson (PMDR)----------------------300,00---------------------------0.65%
Richard Rose--------------------------------100,000--------------------------0.22%
Indro Mukerjee-------------------------------50,550--------------------------0.11%
Mark Williams---------------------------------50,550--------------------------0.11%
Lord Howard of Lympne----------------------12,608-------------------------0.03%
David Currie------------------------------------1,950--------------------less than 0.01%

Subtotal---------------------------------------515,658-------------------------1..13%

Current total shares in issue 46,038,333 as at 31 July 2017 with none being held as treasury and 1.97% being held “not in public hands” i.e. held by directors, directors of subsidiaries, trustees of employee share schemes / pension funds or any other substantial shareholders (>10%).

http://www.watchstonegroup.com/investors/shareholder-information/

Polygon Global Partners LLP have increased their stake (yet again!) from 6,930,269 (15.053%) to 7,384,034 (16.039%)

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.

http://otp.investis.com/clients/uk/watchstone_group/rns/regulatory-story.aspx?cid=1338&newsid=912710

Link to historic 'Shareholder information'

Shareholder information

The directors have been notified, or are aware of the following interests in the issued share capital of the company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and directors of Watchstone Group plc as at 31 August 2017.

Major shareholder information

Name--------------------------------------------No. of Shares-------------------% Holding

Beach Point Capital Management LLP-----------7,888,718----------------------17.14%
Polygon Global Partners LLP---------------------7,384,034----------------------16.04%
Sand Grove Capital Management LLP-----------3,787,781-----------------------8.23%
M&G Investments (Prudential)-------------------2,916,666-----------------------6.34%
BlueMountain Capital Management, LLC---------2,248,093----------------------4.88%

Subtotal-------------------------------------------24,225,292--------------------52.63%

Director information

Name---------------------------------------No. of Shares-------------------% Holding

Stefan Borson (PMDR)----------------------300,00---------------------------0.65%
Richard Rose--------------------------------100,000--------------------------0.22%
Indro Mukerjee-------------------------------50,550--------------------------0.11%
Mark Williams---------------------------------50,550--------------------------0.11%
Lord Howard of Lympne----------------------12,608-------------------------0.03%
David Currie------------------------------------1,950--------------------less than 0.01%

Subtotal---------------------------------------515,658-------------------------1..13%

Current total shares in issue 46,038,333 as at 31 August 2017 with none being held as treasury and 1.97% being held “not in public hands” i.e. held by directors, directors of subsidiaries, trustees of employee share schemes / pension funds or any other substantial shareholders (>10%).

http://www.watchstonegroup.com/investors/shareholder-information/

Format looks to a bit wrong (not just on MAM) but by the look

UBS Investment Bank/UBS Group AG have joined in crossing the 5% threshold:

2,416,640 (5.25%)

http://www.moneyam.com/action/news/showArticle?id=5650834

Anyone subscribing to the MoneyAM Level 2 platform please take note that most days it is not reporting the correct Trade High nor Trade Low information and "some days" not reporting the correct Opening Price or Closing Price.

The reason is because MoneyAM's Level 2 system is not sensing the Auto Trades or Ordinary Trades correctly so is wrongly reporting them

MoneyAM has been unable to fix the fault for over 8 weeks now but are still charging full price for their Level 2

20 September 2017
Watchstone Group plc

Results for the six months ended 30 June 2017

Watchstone (AIM:WTG.L) today announces its results for the six months ended 30 June 2017.

Financial summary:
· Underlying business revenues improved to £26.3m (2016: £25.2m)*

· Underlying EBITDA loss of £2.4m (2016: £3.5m)*

· Total loss before tax of £2.1m (2016: loss of £8.1m)

· Group net assets of £66.5m at 30 June 2017 (as at 31 December 2016: £68.5m)

· Group cash and term deposits at 30 June 2017 of £67.2m, with a further £50m in escrow

· Group cash and term deposits at 15 September 2017 of £65.8m

*BAS, Maine Finance and Hubio Telematics have been classified as non-underlying in 2017, the 2016 amounts are presented on a comparable basis.

Operational highlights:

· Group complexity and losses continue to be reduced through disposal/closure/reshaping of cash consuming activities

· Largest businesses ptHealth and ingenie now well positioned and being invested in for growth

· Profitable disposal of Business Advisory Services Limited

· Reshaping of Hubio completed - very substantial reduction of cash requirements

· Successful resolution of a number of outstanding historic tax matters

http://www.moneyam.com/action/news/showArticle?id=5671433

CHAIRMAN'S STATEMENT

We remain on track with the strategy and execution of our plan to prepare our businesses for future disposals. These potential divestments will be determined with a view to maximising shareholder value taking all factors into consideration.

With the stabilisation and improvement of our operating businesses, there is no undue pressure to dispose of any assets unless fair value is achieved.

Since 30 June 2017, we have disposed of Business Advisory Service Limited ("BAS") which was loss making, and presented no opportunity for additional shareholder value.

ptHealth and ingenie remain profitable and are growing with further opportunities for profit improvement from organic growth and margin enhancement.

Plans are well advanced to move to a smaller and significantly reduced Group cost structure by the end of 2017. To that end, as previously announced, two of our non-executive directors, David Currie and Tony Illsley will stand down from the Board on 30 September 2017. On behalf of the whole Board, I would like to thank them both for their contributions and commitment over the last few years in the challenging and complex situation faced by the Group.

We will continue to address the legal and regulatory matters that face the Group with focus and determination. We will continue to defend the litigation against the Group vigorously and will file our robust defence in respect of the Slater & Gordon litigation imminently.

There is still work to be done, both at the Group level and within our businesses, and I would like to thank our employees for their commitment and our shareholders for their support.

I would also like to thank our investors who have been patient and maintained support for the Company as the intense work to deliver the best possible value from all our assets has continued. The Board remains confident that we will go on to reward that support.

Richard Rose
Non-executive Chairman

http://www.moneyam.com/action/news/showArticle?id=5671433

TR-1: Notification of major interest in shares

Polygon Global Partners LLP have increased their holding (again) from 7,384,034 (16.04%) to 8,016,599 (17.413%)

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.

http://www.watchstonegroup.com/4339r/

Link to historic 'Shareholder information'

Shareholder information

The directors have been notified, or are aware of the following interests in the issued share capital of the company in respect of the shareholdings, and related holding percentages, of the following significant shareholders and directors of Watchstone Group plc as at 21 September 2017.

Major shareholder information

Name--------------------------------------------No. of Shares-------------------% Holding

Polygon Global Partners LLP---------------------8,016,599----------------------17.41%
Beach Point Capital Management LLP-----------7,888,718----------------------17.14%
Sand Grove Capital Management LLP-----------3,787,781-----------------------8.23%
M&G Investments (Prudential)-------------------2,916,666-----------------------6.34%
BlueMountain Capital Management, LLC---------2,248,093----------------------4.88%

Subtotal-------------------------------------------24,225,292--------------------52.63%

Director information

Name---------------------------------------No. of Shares-------------------% Holding

Stefan Borson (PMDR)----------------------300,00---------------------------0.65%
Richard Rose--------------------------------100,000--------------------------0.22%
Indro Mukerjee-------------------------------50,550--------------------------0.11%
Mark Williams---------------------------------50,550--------------------------0.11%
Lord Howard of Lympne----------------------12,608-------------------------0.03%
David Currie------------------------------------1,950--------------------less than 0.01%

Subtotal---------------------------------------515,658-------------------------1..13%

Current total shares in issue 46,038,333 as at 21 September 2017 with none being held as treasury and 1.97% being held “not in public hands” i.e. held by directors, directors of subsidiaries, trustees of employee share schemes / pension funds or any other substantial shareholders (>10%).

http://www.watchstonegroup.com/investors/shareholder-information/

Polygon Global Partners LLP have increased their holding (again) from 8,016,599 (17.413%) to 8,400,000 (18.246%)

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.

http://otp.investis.com/clients/uk/watchstone_group/rns/regulatory-story.aspx?cid=1338&newsid=932772