FRM.L Regulatory News (FRM)

24 Oct 2006 16:17

Formation Group PLC24 October 2006 Formation Group plc ("Formation" or "the Group") Board Changes Formation is pleased to announce the appointment of Ian Battersby to the Boardas Director of Wealth Management. Ian replaces David McKee, who is stepping downfrom his position as an Executive Board Director but remaining with the Group.These changes take immediate effect. Ian Battersby, aged 48, has been involved at a senior level with the WealthManagement Division since 2000 and has been Business Development Director ofKingsbridge Asset Management Limited ("Kingsbridge") since 2003, responsible forproduct development, sector penetration and high net worth client management.Kingsbridge provides wealth management services to a client base which includesprofessional footballers, managers and coaching staff from the 92 professionalfootball clubs. Kingsbridge currently advises over 600 UK based footballers,managers and coaching staff. Enquiries: Neil Rodford, Formation Group plc Tel: 01625 539832David Youngman, WH Ireland Limited Tel: 0161 832 2174Katie Tzouliadis, Biddicks Tel: 020 7448 1000 Further information on Ian Battersby: Ian Battersby is also a partner of Lochinver LLP. Within the last five years, hehas also been a director or partner of the following companies or partnerships:KFS Holdings Limited (in liquidation), IFP Employee Benefit Solutions Limited(in liquidation), Murray Management Group Limited, Maxdelta Limited, KNLOperations Limited, Kingweb Limited, Paisleyglen Limited, KNG ManagementServices Limited, Kingsbridge Tax Consultancy Limited and Sheltons FinancialServices Limited. Ian Battersby is interested in 173,500 ordinary shares of 1p each in the capitalof the Company, representing 0.14 per cent. of the issued ordinary share capitalof the Company. There is no further information to be disclosed under Schedule 2(g) of the AIMRules. This information is provided by RNS The company news service from the London Stock Exchange