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

18:00
Watchstone Group PLC (WTG)
Holding(s) in Company

Deutsche Bank AG, London Branch from 3,471,638 to 3,787,781 (8.23%)

http://www.moneyam.com/action/news/showArticle?id=5549465

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 15 May 2017.

Major shareholder information

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

Beach Point Capital Management LLP-----------6,435,425----------------------13.98%
Polygon Global Partners LLP---------------------5,408,115----------------------11.75%
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-------------------------------------------20,867,927--------------------45.33%

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 15 May 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/

BEACH POINT CAPITAL MANAGEMENT LP have added:
From 6,285,977 to 6,446,581 (14.00)

http://www.moneyam.com/action/news/showArticle?id=5549588

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 16 May 2017.

Major shareholder information

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

Beach Point Capital Management LLP-----------6,446,581----------------------14.00%
Polygon Global Partners LLP---------------------5,408,115----------------------11.75%
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-------------------------------------------20,867,927--------------------45.35%

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 16 May 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/

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 16 May 2017.

Major shareholder information

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

Beach Point Capital Management LLP-----------6,446,581----------------------14.00%
Polygon Global Partners LLP---------------------5,625,000----------------------12.22%
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-------------------------------------------21,095,968--------------------45.82%

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 16 May 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/

I think you deserve a medal banjo .

Yes, I may deserve a medal but I'd rather have a miracle for this one! :-)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

BEACH POINT CAPITAL MANAGEMENT LP bought more:

From 6,799,378 to 6,925,378 (15.04%)

http://www.moneyam.com/action/news/showArticle?id=5552806

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 22 May 2017.


Major shareholder information

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

Beach Point Capital Management LLP-----------6,925,378----------------------15.04%
Polygon Global Partners LLP---------------------5,625,000----------------------12.22%
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-------------------------------------------21,574,765--------------------46.86%

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 22 May 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/

BEACH POINT CAPITAL MANAGEMENT LP increased from:

7,247,569 to 7,412,190 (16.10)

http://www.moneyam.com/action/news/showArticle?id=5556378

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 26 May 2017.


Major shareholder information

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

Beach Point Capital Management LLP-----------7,412,190----------------------16.10%
Polygon Global Partners LLP---------------------5,625,000----------------------12.22%
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-------------------------------------------22,061,577--------------------47.92%

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 26 May 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/

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

BEACH POINT CAPITAL MANAGEMENT LP now gone over 17%

From 7,804,152 to 7,888,718 (17.14%)

http://www.moneyam.com/action/news/showArticle?id=5563813

Hubio Fleet becomes Van Excellence partner
08/06/2017

Hubio Fleet has become a bronze partner in the Freight Transport Association’s Van Excellence scheme.

Van Excellence outlines 'what good looks like' in van operations and cameras/telematics are listed as beneficial for any operator of vans and fleets, which is why Hubio Fleet has become a partner.


Hubio Fleet’s general manager, Russell Olive, said: “The majority of our customers operate vans and we trust that this partnership will reassure all of our current and future customers that Hubio Fleet shares the same values and operating methods that the FTA recommends and they comply with.”

Barrie Wilson, FTA’s regional manager for vans, said: “We are delighted to welcome Hubio Fleet as a Van Excellence Bronze Partner and look forward to working together to promote best practice and raise compliance levels within the van industry.”

Hubio will chair the Next Generation Claims Workshop at the TINtech Conference

At Hubio, we work with our customers to deliver innovative, technological solutions to the insurance industry.

As digital technologies continue to pervade and underpin every aspect of insurance, it’s never been a more critical time to devise and implement an effective technology strategy – the key challenge is bringing IT and the business together to deliver successful change.

Neil Thomson, Strategic Sales Director at Hubio, will be chairing the Next Generation Claims Technology Workshop which will discuss how to successfully transform claims to meet digital customer expectations, improve efficiencies and drive up retention. The Workshop will examine claims processes, change management and leveraging new technologies.

The conference takes place on Thursday 15th June at the Grand Connaught Rooms, London.

For more information on the programme and scope of the event visit the TINtech website

InnoCare Ltd the Official 2017 Continuing Education Partner for The Ontario Chiropractic Association
June 9, 2017 | Media Release | By: Kerrie-Ann Bernard

Toronto, Ontario – The Continuing Education Committee of the Ontario Chiropractic Association (OCA) has selected InnoCare Ltd as the OCA's continuing education sponsor of 2017. 

InnoCare is proud to be the 2017 Continuing Education Partner for the OCA. InnoCare CEO Heather Shantora notes "continuing education plays a vital role in providing quality care to Canadians. That's why we are honoured to be an educational partner with the OCA."

InnoCare is committed to providing ongoing educational support and professional development to approximately 3,500 OCA members. In addition to quarterly webinars, InnoCare’s participation contributes to delivering a professional development curriculum offered to OCA members, helping them build and nourish success in practice.
 
About The Ontario Chiropractic Association
The OCA represents Ontario’s chiropractors. Established in 1929, the Ontario Chiropractic Association (OCA) is a voluntary professional association whose mission is to serve members and the public by advancing the understanding and use of chiropractic care.

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/