7 Jul 2015 14:46
7 July 2015
Formation Group plc
Statement re Share Price Movement
The directors of Formation Group Plc ("Company") note the rise in the Company's share price today. The Company has been in discussion for some time regarding a commercial agreement on a development site and hopes to be in a position to sign a definitive agreement imminently. A further announcement regarding this agreement will be made in due course but shareholders should be aware that whilst negotiations are at a very advanced stage there can be no guarantee that the agreement will be entered into in its current form or at all.
**ENDS**
For further information www.formationgroupplc.com or contact the following:
Formation Group Plc David Kennedy; Chief Executive Officer
| Tel: 020 7920 7590 |
Nominated Adviser: Northland Capital Partners Limited William Vandyk / Gerry Beaney
| Tel: 020 7382 1100 |
Sole Broker: Peterhouse Corporate Finance Limited Fungai Ndoro / Duncan Vasey | Tel: 020 7469 0930 |
FRM.L (FRM)