26 May 2009 08:00
Formation Group PLC
Statement regarding press speculation
Formation Group PLC ("Formation" or the "Company") notes recent press speculation and confirms that the Company has received indications of interest from Gresham Private Equity ("Gresham") relating to certain parts of the Formation business. Discussions are ongoing and whilst there can be no guarantee that any agreement will be reached, the Company has entered into a period of exclusivity with Gresham. No interest has been expressed in the Company as a whole. A further announcement will be made in due course as required.
Enquiries:
Formation Group plc 0161 980 1210
John Lawrence MBE, Chairman
Investec Investment Banking 0207 597 5970
David Currie
Martin Smith
Patrick RobbAdam Tinsley