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DJ Forbes Ventures Plc Director/PDMR Shareholding and Holding in Company

25 July 2018 
                                FORBES VENTURES 
                          ("Forbes" or the "Company") 
               Director/PDMR Shareholding and Holding in Company 
Forbes Ventures announces that Belvedere Capital Limited ("Belvedere") has 
transferred its holding of 173,000,000 ordinary shares of 0.1p each in the 
Company ("Ordinary Shares") to Quanta Capital Limited ("Quanta") at a price of 
0.1046 p per Ordinary Share. Quanta is owned by the same individuals as 
Belvedere and, as with Belvedere, Rob Cooper, the Chief Executive of Forbes, is 
a director of and major shareholder in Quanta. The Ordinary Shares held by 
Quanta represent 48.6% of the Company's issued share capital. In addition, the 
Company has received a TR-1 which is reproduced without amendment below. 
The Directors of Forbes accept responsibility for the contents of this 
For further information, please contact: 
Forbes Ventures 
Peter Moss, Chairman                       01625 568 767 
Rob Cooper, Chief Executive Officer        020 3687 0498 
NEX Exchange Corporate Adviser 
Peterhouse Capital Limited 
Mark Anwyl and Fungai Ndoro                020 7469 0930 
TR-1: Standard form for notification of major holdings 
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the 
FCA in Microsoft Word format if possible)i 
1a. Identity of the issuer or the underlying                   Forbes Ventures 
issuer of existing shares to which voting 
rights are attachedii: 
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" 
if appropriate) 
Non-UK issuer 
2. Reason for the notification (please mark the appropriate box or boxes with 
an "X") 
An acquisition or disposal of voting rights                                               X 
An acquisition or disposal of financial instruments 
An event changing the breakdown of voting rights 
Other (please specify)iii: 
3. Details of person subject to the notification obligationiv 
Name                                            Peterhouse Capital Limited 
City and country of registered office (if       15 Eldon Street, London EC2M 7LD 
4. Full name of shareholder(s) (if different from 3.)v 
City and country of registered office (if 
5. Date on which the threshold was crossed or   05/01/2018 
6. Date on which issuer notified (DD/MM/YYYY):  16/07/2018 
7. Total positions of person(s) subject to the notification obligation 
                      % of voting     % of voting rights  Total of both in  Total number of 
                    rights attached   through financial     % (8.A + 8.B)   voting rights of 
                   to shares (total      instruments                        issuervii 
                       of 8. A)       (total of 8.B 1 + 
                                            8.B 2) 
Resulting                 Nil                                    Nil           356,251,830 
situation on the 
date on which 
threshold was 
crossed or reached 
Position of              4.9% 
notification (if 
8. Notified details of the resulting situation on the date on which the 
threshold was crossed or reachedviii 
A: Voting rights attached to shares 
Class/type of      Number of voting rightsix             % of voting rights 
ISIN code (if           Direct            Indirect              Direct             Indirect 
possible)              (Art 9 of         (Art 10 of      (Art 9 of Directive      (Art 10 of 
                    Directive 2004/  Directive 2004/109/     2004/109/EC)     Directive 2004/109/ 
                   109/EC) (DTR5.1)    EC) (DTR5.2.1)          (DTR5.1)         EC) (DTR5.2.1) 
Ord GBP 0.001             Nil                                    Nil 
SUBTOTAL 8. A                       Nil                                    Nil 
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
(DTR5.3.1.1 (a)) 
Type of financial  Expiration Exercise/               Number of voting rights % of voting rights 
instrument         datex      Conversion Periodxi     that may be acquired if 
                                                      the instrument is 
                              SUBTOTAL 8. B 1 
B 2: Financial Instruments with similar economic effect according to Art. 13(1) 
(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
Type of       Expiration      Exercise/       Physical or cash  Number of     % of voting rights 
financial     datex           Conversion      settlementxii     voting rights 
instrument                    Period xi 
                                              SUBTOTAL 8.B.2 
9. Information in relation to the person subject to the notification obligation 
(please mark the 
applicable box with an "X") 
Person subject to the notification obligation is not controlled by any natural             X 
person or legal entity and does not control any other undertaking(s) holding 
directly or indirectly an interest in the (underlying) issuerxiii 
Full chain of controlled undertakings through which the voting rights and/or 
financial instruments are effectively held starting with the ultimate 
controlling natural person or legal entityxiv (please add additional rows as 
        Namexv          % of voting rights if    % of voting rights      Total of both if it 
                       it equals or is higher     through financial      equals or is higher 
                         than the notifiable      instruments if it      than the notifiable 
                              threshold          equals or is higher          threshold 
                                                 than the notifiable 
10. In case of proxy voting, please identify: 
Name of the proxy holder 
The number and % of voting rights held 
The date until which the voting rights will be 
11. Additional informationxvi 
Place of completion  15 Eldon Street, London EC2M 7LD 
Date of completion   16 July 2018 
Market Abuse Regulation (MAR) Disclosure 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulation 
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 

(END) Dow Jones Newswires

July 25, 2018 04:00 ET (08:00 GMT)