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DJ Formation Group PLC Notice of GM


RNS Number : 3736R

Formation Group PLC

09 December 2016

Formation Group Plc

('Formation' or 'the Company')

Notice of a General Meeting to be held at 11:00am on Wednesday 4 January 2017

Further to the announcement on 1 December 2016, the Company has convened a General Meeting on 4 January 2017 at the offices of Formation Group Plc, Oakwood House, 414-422 Hackney Road, London E2 7SY to consider approval of the cancellation of the Company's AIM listing. The cancellation will be conditional on the consent of not less than 75% of the votes cast by shareholders. Irrevocable undertakings to vote in favour of the resolution have been received from shareholders holding an aggregate of 133,565,954 ordinary shares (representing various trusts of which members of the Kennedy family are beneficiaries) representing approximately 61 per cent. of the total voting rights of the Company. Furthermore, the Company has made an application for Formation's shares to be admitted to trading on ISDX and it is expected that trading on the market should start on or about 15 December 2016.

A notice of meeting will be sent to shareholders today. The Board has proposed the following timetable:

 Post General Meeting Notice   Friday 9 December 2016 
  to shareholders 
----------------------------  --------------------------- 
 General Meeting               Wednesday 4 January 2017 
----------------------------  --------------------------- 
 AIM cancellation              7am on Thursday 12 January 
----------------------------  --------------------------- 

Subject to the passing of the cancellation resolution at the General Meeting, it is expected that trading on AIM in the ordinary shares will cease at close of business on Wednesday 11 January 2017 with the cancellation becoming effective from 7:00am on Thursday 12 January 2017.

9 December 2016


Formation Group plc Tel: +44 (0) 20 7920 7590

David Kennedy, Chief Executive Officer

Northland Capital Partners Ltd (Nomad) Tel: +44 (0)20 3861 6625

Tom Price / Gerry Beaney

Peterhouse Corporate Finance Limited (Broker) Tel: +44 (0) 20 7469 0930

Duncan Vasey / Fungai Ndoro

This information is provided by RNS

The company news service from the London Stock Exchange



(END) Dow Jones Newswires

December 09, 2016 02:00 ET (07:00 GMT)