Re: Potential Disposal

21 Jul 2006 16:14

Formation Group PLC21 July 2006 Formation Group PLCFRM.L 21 July 2006 Formation Group PLC ("Formation", "the Group" or "the Company") Re: Potential Disposal Further to the recent rise in the Company's share price, Formation announcesthat it has entered into Heads of Terms which may or may not lead to thedisposal of a material part of the Group which may involve a number ofsubsidiaries. The Company has entered into a non-disclosure agreement with the prospectivepurchaser and accordingly is unable to announce any further details at thisstage. The prospective purchaser is undertaking due diligence which is expectedto continue until the middle of September. Enquiries: Neil Rodford, Chief Executive, Formation Group PLC 01625 539 832 Katie Tzouliadis, Biddicks 020 7448 1000 David Youngman, WH Ireland Ltd 0161 832 2174 This information is provided by RNS The company news service from the London Stock Exchange