Watchstone Group PLC - cash shell with remaining assets comprising litigation assets, contingent liabilities and cash - Says that following its 2023 annual general meeting, its Senior Non-Executive Director Michael Howard and Non-Executive Director David Young will step down from the board and will not be replaced. Following these changes, the board will comprise Non-Executive Chair Richard Rose and Chief Executive Officer Stefan Borson. Rose will become chair of each of the board's committees.

Plans to release its 2022 results in mid-April and hold its AGM on May 30.

Rose says: "It has been a great privilege to work closely with Howard and 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 and the completion of much of that work now makes this an opportune moment for these changes."

Current stock price: 24.50 pence

12-month change: down 36%

By Sophie Rose, Alliance News reporter

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