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DJ Formation Group Plc Investment in Proton Partners International Limited

 
TIDMFRM 
 
FORMATION GROUP PLC 
                        ('Formation' or the 'Company') 
 
              Investment in Proton Partners International Limited 
                                    ('PPI') 
 
Formation notes the commencement of trading today in the ordinary shares of GBP 
0.001 each in PPI (the 'PPI Shares') on the NEX Exchange Growth Market. 
 
Formation is interested in 4,347,826 PPI Shares, which the Company acquired in 
March 2018 at a price of 115p per PPI Share for a total cash consideration of GBP 
5.0 million. 
 
Based on today's admission price of 225p per PPI Share, Formation's interest in 
PPI is valued at approximately GBP9.78 million. 
 
The directors of the Company accept responsibility for the contents of this 
announcement. 
 
                                   --ENDS-- 
 
Enquiries: 
 
Formation Group plc                                  Tel: +44 (0) 20 7920 7590 
David Kennedy, Chief Executive Officer 
 
Peterhouse Capital Limited (Corporate Adviser)       Tel: +44 (0) 20 7469 0930 
Mark Anwyl and Fungai Ndoro 
 
 
 
END 
 

(END) Dow Jones Newswires

February 28, 2019 03:08 ET (08:08 GMT)