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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fastforward Innovations Limited | LSE:FFWD | London | Ordinary Share | GG00BRK9BQ81 | 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% | 8.25 | 8.00 | 8.50 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFFWD
RNS Number : 1325E
FastForward Innovations Limited
14 July 2016
For immediate release
14 July 2016
FastForward Innovations Limited
("FastForward" or the "Company")
Market Update
The Board of FastForward is pleased to provide the following strategic update to its shareholders.
1. The Company believes that there are exceptional opportunities available to it in the gaming technology sector. These opportunities are available to the Company largely because of the network of the Company's Board of Directors, advisers and large shareholders. The Company believes that the gaming technology sector has very positive macro-economic characteristics and represents a very significant growth opportunity;
2. The Company is currently carrying out due diligence on a number of new investments in the gaming technology sector and expects to announce new investments in the relatively short term;
3. The Company is exploring adding additional gaming expertise and experience to its Board of Directors;
4. The Company believes that almost all of its current investments are significantly ahead of plan and have a realisable value in the long term which is greater than and in some cases significantly greater than their current carrying value
5. Specifically, the Company believes its investments in Biotechnology, education technology, and its investment in Yooya could yield significant returns in the near term. Exit opportunities on favourable terms are under review for these investments. With respect to Education Technology the Board is exploring strategic alternatives which could allow FastForward shareholders to enjoy benefits from ownership in a stand-alone Education Technology vehicle, potentially by way of distribution in specie.
More information on all of these developments will be made as and when appropriate.
For further information please visit www.fstfwd.co or contact:
FastForward Innovations Limited info@fstfwd.co
Josh Epstein / Ian Burns
Peel Hunt LLP Tel: +44 (0)20 7418 8900
Dan Webster / Adrian Trimmings / George Sellar
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
July 14, 2016 02:00 ET (06:00 GMT)
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