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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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to Aquis Stock Exchange Limited (‘AQSE’) that the ordinary shares of 5p each in the Company (‘Ordinary Shares’) be withdrawn from trading on the AQSE Growth Market with effect from the close of business on 31 December 2020 (‘Withdrawal Pursuant to the AQSE Growth Market - Rules for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’ 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.nexexcha 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-i 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.nexexcha 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.nexexchan | 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 |
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