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FRMWed, 09th Nov 2016 10:21
LONDON (Alliance News) - Property developer Formation Group PLC said Wednesday that it has now repaid its loan facility for its 159-161 Iverson Road site in London in full.
Formation had last reported in September that it received an extension for the GBP2.4 million outstanding debt on the facility.
Shares in Formation were untraded at 3.78 pence Wednesday.
By Adam Clark; adamclark@alliancenews.com
Copyright 2016 Alliance News Limited. All Rights Reserved.
Formation Group's share price rocketed on Tuesday after the construction management services outfit confirmed speculation about a potential "commercial agreement on a development site". The group released a statement noting the near-50% surge in the stock, saying that it has been in discussions rega
Read moreShares in construction and property developer Formation Group jumped after the group said JV Finance Ventures has completed the payment of the final £2.8m it still owned in relation to the Aldgate East Property development. The AIM-listed company, which has a 36.88% interest in JV Finance Ventures,
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