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FRM Formation Grp

1.75
0.00 (0.00%)
19 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Formation Grp LSE:FRM London Ordinary Share GB0030432735 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.75 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Formation Share Discussion Threads

Showing 2176 to 2197 of 2200 messages
Chat Pages: 88  87  86  85  84  83  82  81  80  79  78  77  Older
DateSubjectAuthorDiscuss
02/12/2020
12:17
Formation announces that the Company has today submitted a request to Aquis Stock Exchange Limited (‘AQSE’) that the ordinary shares of 5p each in the Company (‘Ordinary Shares’) be withdrawn from trading on the AQSE Growth Market with effect from the close of business on 31 December 2020 (‘Withdrawal”).

Pursuant to the AQSE Growth Market - Rules for Issuers (‘AQSE Rules’), AQSE may grant Formation a derogation from the requirement to obtain shareholder approval for the Withdrawal, if the Company has obtained irrevocable undertakings to vote in favour of a resolution proposing Withdrawal from shareholders representing 75% of the votes eligible to be cast on such a resolution.

Zandra Holdings Limited (‘Zandra’;), which is interested in 156,410,167 Ordinary Shares, representing 89.99% of the Company’s issued share capital, has irrevocably undertaken to vote in favour of any resolution put to Formation shareholders to approve the Withdrawal.

Accordingly, AQSE has granted a derogation from the requirement for Formation to obtain shareholder approval for Withdrawal and the Company is simply required to give at least 20 business days' notice of the intended Withdrawal, which will take effect from the close of business on 31 December 2020.

Effect of the Withdrawal

The principal effect of Withdrawal is anticipated to be a reduction in the marketability of the Ordinary Shares. There would no longer be a formal market mechanism enabling shareholders to trade their Ordinary Shares on the AQSE Growth Market or any other recognised market or trading exchange.

The Company’s Annual General Meeting will take place on Thursday, 25 February 2021. At that time, the Directors will use their reasonable endeavours to present mechanisms which provide minority shareholders with the much needed liquidity that has been absent due to the very limited trading of Ordinary Shares, and an opportunity to exit the company if they so desire. Such mechanisms may include a share buyback.

No dealing and settlement arrangements will be in place following the Withdrawal. Shareholders who wish to trade their shares following Withdrawal are advised to write to Formation’s Company Secretary, at Oakwood House, 414 – 422 Hackney Road, London E2 7SY.

Following Withdrawal, Peterhouse Capital Limited will cease to be the Company's AQSE Corporate Adviser and the AQSE Rules will no longer apply to the Company. In addition, the Company will no longer be required to comply with any of the specific corporate governance requirements for companies admitted to trading on the AQSE Growth Market. The Company will remain subject to the City Code on Takeovers and Mergers.

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

barnetpeter
13/11/2020
18:34
Whilst there are serious concerns surrounding the lack of liquidity and the 90% controlling interest I do wnder if this is due a windfall under the profit share from the development of mahatma gandhi house.

Since lockdown ended the housing market has been on fir and from enquiries made with estate agents marketing these properties they are and have been flying off the shelf.

mahatma gandhi house is well located just off from Wmbley Stadium so investors have been snapping them up.

crescenter
18/10/2019
12:17
is this no quote for PPI ?
p@
18/6/2019
10:10
Strange share deal to raise 10 million and purchase by director ....
barnetpeter
02/4/2019
19:25
It's all very well saying Proton is worth £2.27,but no-one has ever bought or sold a share!
p@
28/2/2019
18:48
hxxps://www.nexexchange.com/member?securityid=2074452


closed at year highs...still a fraction of the holding value of proton.


20 pence would reflect that holding

barnetpeter
28/2/2019
17:20
We need PPI to list on aim really...or be taken out at 500p.
barnetpeter
28/2/2019
14:00
Nearly doubled their money in 6 months, lets hope the share price reflects this investment,

Anybody at the AGM?

blondviking
28/2/2019
13:42
Proton on Nex exchange.
p@
28/2/2019
08:37
AGM 11am today
p@
26/9/2018
22:44
hxxps://www.proton-int.com/our-centres

They put 5 million into this....protom beam therapy unlisted company that is not doing much at the moment it seems. Nothing to do with building and could have handed back 5 pence per share or so.....but hey ho

barnetpeter
26/9/2018
22:36
hxxps://www.nexexchange.com/announcements?newsid=4032076

last results.....loss making and worthless

barnetpeter
26/9/2018
22:33
still here....ditto
barnetpeter
26/9/2018
22:24
Anybody still here? I am stuck with too many of these.
blondviking
17/1/2018
23:24
ok....my broker had cancelled the price and when i looked on nex there was no a note saying not traded. maybe they forgot to pay nex.....
barnetpeter
12/1/2018
14:58
It has been quiet but they are still on NEX. I am waiting for the full year figures and notice of AGM.
crescenter
12/1/2018
12:01
No longer on nex. Nothing released. Have they run off with the money?
barnetpeter
07/7/2017
22:12
Any updates on this?
barnetpeter
22/5/2017
21:14
hxxp://www.nexexchange.com/announcements?newsid=3661276
barnetpeter
22/5/2017
09:43
Results were released on Friday.

TBH I had expected better!

crescenter
27/3/2017
17:38
No info there then!
barnetpeter
27/3/2017
17:37
FORMATION GROUP PLC

("Formation" or the "Company")

Result of General Meeting

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

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

--ENDS--

barnetpeter
Chat Pages: 88  87  86  85  84  83  82  81  80  79  78  77  Older

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