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Alliance News Detail


Sand Grove Capital Management Doubles Stake In Watchstone To 10% (ALLISS)

[ 03 Jan 2018 18:03 ]

LONDON (Alliance News) - Watchstone Group PLC said Wednesday Sand Grove Capital Management LLP doubled its stake in the technology firm to 10.0% in a transaction on Friday.

Sand Grove increased its holding to 4.6 million shares, equivalent to a 10.0% holding. Prior to the transaction, Sand Grove held a 5.0% stake in the AIM-listed firm.

Also on Wednesday, German bank Deutsche Bank increased its holding in Watchstone to 10.0% from 9.0% prior after building a total holding of 4.6 million shares in a transaction Friday.

Shares in Watchstone closed 1.4% lower at 109.01 pence on Wednesday.

By Ahren Lester; ahrenlester@alliancenews.com.

Copyright 2018 Alliance News Limited. All Rights Reserved.


Sand Grove Capital Management Doubles Stake In Watchstone To 10% (ALLISS) - Alliance News

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