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Result of EGM

21 Jun 2007 14:34

Formation Group PLC21 June 2007 Formation Group plc ("Formation" or the "Company") Result of EGM On 29 May 2007, Formation announced that it had agreed, subject, inter alia, toshareholder approval, to acquire the entire issued share capital of ColumbiaDesign & Build Limited, a property development management company, fromStreetwise Limited, a company controlled for the benefit of the Concert Party(the "Acquisition"). At the Extraordinary General Meeting, which took place earlier today, allresolutions put to shareholders to effect the Acquisition were duly approved,including the resolution to approve the waiver by the Panel on Takeovers andMergers of any requirement which would otherwise arise for the Concert Party tomake a general offer pursuant to Rule 9 of the City Code to the othershareholders of the Company by reason of the issue of the 70,588,235 OrdinaryShares issued in consideration of the Acquisition. After completion of the Acquisition, the Concert Party's interest in sharescarrying voting rights in the Company will represent, in aggregate, 51.4% of thevoting rights attaching to the issued share capital of the Company. As theConcert Party holds more than 50% of the voting rights attaching to theCompany's issued share capital, the Concert Party (for so long as they aretreated as acting in concert) will be able to increase their aggregateshareholding without incurring any further obligation under Rule 9 to make ageneral offer. However, individual members of the Concert Party will not be ableto increase their percentage shareholdings through a Rule 9 threshold withoutPanel consent. It is expected that Admission will become effective and that dealings in the newordinary shares of 1p each will commence on AIM on 22 June 2007. All terms used in this announcement, unless otherwise defined above, aredefined as set out in the admission document dated 29 May 2007. For further information: Neil Rodford, Formation Group plc Tel: 01625 539832David Youngman, WH Ireland Limited Tel: 0161 832 2174 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
4th Jun 20074:00 pmRNSTransaction in Own Shares
30th May 20075:07 pmRNSTransaction in Own Shares
29th May 20077:30 amRNSRestoration - Formation Group
29th May 20077:30 amRNSAcquisition
29th May 20077:02 amRNSIssue of Equity
17th May 20077:02 amRNSInterim Results
5th Mar 200710:29 amRNSProperty Development Update
14th Feb 20079:48 amRNSStmnt re Share Price Movement
14th Feb 20079:45 amRNSSuspension-Formation Group
18th Jan 20072:23 pmRNSTotal Voting Rights
15th Jan 20078:05 amRNSTransaction in Own Shares
9th Jan 20075:19 pmRNSTransaction in own shares
5th Jan 20074:55 pmRNSTransaction in own shares
22nd Dec 20069:42 amRNSTotal Voting Rights
14th Dec 20062:43 pmRNSDirector/PDMR Shareholding
30th Nov 200612:59 pmRNSProperty Development Project
20th Nov 20065:29 pmRNSTransaction in Own Shares
9th Nov 20064:48 pmRNSDirector/PDMR Shareholding
9th Nov 20067:01 amRNSPreliminary Results
1st Nov 200612:04 pmRNSNotice of Results
1st Nov 20067:00 amRNSDisposal
27th Oct 20061:05 pmRNSHolding(s) in Company
24th Oct 20064:20 pmRNSResult of EGM
24th Oct 20064:17 pmRNSDirectorate Change
5th Oct 20067:01 amRNSDisposal
14th Aug 20064:58 pmRNSDirector/PDMR Shareholding
7th Aug 20067:37 amRNSAcquisition
21st Jul 20064:14 pmRNSRe: Potential Disposal
19th Jul 20069:12 amRNSHolding(s) in Company
18th Jul 20064:03 pmRNSHolding(s) in Company
13th Jul 20067:00 amRNSJoint Venture with Formation
13th Jul 20067:00 amRNSJoint Venture
28th Jun 20068:09 amRNSDirectorate Change
20th Jun 20068:22 amRNSTransaction in Own Shares
19th Jun 20062:33 pmRNSTransaction in Own Shares
2nd Jun 20068:32 amRNSHolding(s) in Company
31st May 20064:31 pmRNSDirector/PDMR Shareholding
30th May 20067:01 amRNSFIFA Contract
24th May 20063:55 pmRNSHolding(s) in Company
11th May 20063:44 pmRNSHolding(s) in Company
11th May 200611:06 amRNSSAR 3 - Formation Group plc
8th May 20064:19 pmRNSNotice of Interest
4th May 20069:59 amRNSBoard Appointment
4th May 20069:02 amRNSShareholdings
2nd May 20063:44 pmRNSProperty Fund & Equity Issue
2nd May 20067:02 amRNSInterim Results
2nd May 20067:01 amRNSChange of Adviser
26th Apr 20067:01 amRNSNotice of Results
16th Mar 20064:31 pmRNSHolding(s) in Company
16th Mar 20064:29 pmRNSHolding(s) in Company

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