Result of AGM; Consolidation of Share Capital

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Formation Group PLC (NEX: FRM), the property development and project management company, announces that at the Annual General Meeting of the Company held earlier today, all resolutions were duly passed.

Accordingly, the share capital of the Company will be consolidated (the “Share Consolidation”). Under the Share Consolidation, every 5 existing ordinary shares of 1 pence each in the Company (“Existing Ordinary Shares”) in issue at the close of business on the Record Date of 27 February 2017, will be consolidated into one new ordinary share of 5 pence each in the Company (a “Consolidated Ordinary Share”).

Shareholders who hold their Existing Ordinary Shares in uncertificated form are expected to have their CREST accounts credited with Consolidated Ordinary Shares on 28 February 2017. Existing share certificates will cease to be valid following the Share Consolidation. New share certificates are expected to be issued by 7 March 2017.

Trading in the Consolidated Ordinary Shares on the NEX Exchange Growth Market is expected to commence at 8.00am on 28 February 2017.

Following completion of Share Consolidation, the Company will have 44,103,023 ordinary shares of 5 pence each in issue carrying voting rights. The Company’s new ISIN will be GB00BYXQZ969.

The directors of the Company accept responsibility for the contents of this announcement.


Formation Group plc

Tel: +44 (0) 20 7920 7590
David Kennedy, Chief Executive Officer

Peterhouse Corporate Finance Limited (Corporate Adviser)

Tel: +44 (0) 20 7469 0930
Mark Anwyl / Fungai Ndoro