Appointment of Directors

7 May 2015

Formation Group PLC

("Formation" or "the Company")

Appointment of Directors 

Formation Group PLC (AIM: FRM) is pleased to announce the appointments of Mr David Patrick Walsh and Mr Bartholomew O'Keeffe to the Board, as Non-Executive Directors of the Company, with immediate effect.

Mr Walsh, 64, has significant experience in the construction management sector, having built a property portfolio through the purchase, development and construction of property from 1976. He acts in a professional capacity as an Agricultural Consultant, being self-employed since 1988 and having worked for the Agricultural Training Council ("ACOT") previously.

Mr O'Keefe, 70, is a former politician having been a member of Dáil Eireann and Seanad from 1992 to 2011, serving in various departments, including as Minister for Enterprise, Trade and Innovation (2010 - 2011), Minister for Education and Science (2008 - 2010) and Minister of State for Housing and Urban renewal (2007 - 2008).

Mr Walsh has held the following directorships in the past 5 years:

Current

Aca Members Service Limited

Bru Na Gruadan Lettings Company Limited

Slieve Felim Energy Limited

Dw Farm Consultancy Limited

Former

Agricultural Advisory Alliance Limited

Mr O'Keefe has held the following directorships in the past 5 years:

Current

Bok Consulting Limited

Former

Ardmore International College (Ireland) Limited

Benbok International Limited

Mr Walsh owns 208,000 shares in Formation. Mr O'Keefe does not own any shares in the Company.

In relation to the appointments of Mr David Patrick Walsh and Mr Bartholomew O'Keeffe, the Company confirms that there is nothing further to disclose in relation to their appointment under Schedule Two, paragraph (g) of the AIM Rules for Companies.

David Kennedy, Chief Executive Officer of Formation, said, "I am delighted to welcome David Walsh and Bartholomew O'Keefe to the Company on behalf of all the Board of Directors. These new appointments bring a wealth of experience and proven leadership skills to the Company and I look forward to their contribution."

Enquiries:

Formation Group PLC: 

David Kennedy - Chief Executive Officer - 020 7920 7590

NOMAD to Formation Group PLC: 

Zeus Capital Limited - Ross Andrews / Andrew Jones - 0161 831 1512