3rd Mar 2008 07:05
Formation Group PLC03 March 2008 Formation Group PLC ("Formation" or "the Group") Appointment of Director As announced earlier today, Formation has today appointed Peter James BarnardPowell as director. Peter, aged 56 will join the board with immediate effect following theacquisition by the Group of James Grant Media Group Ltd ("Acquisition"). This announcement sets out the disclosures required pursuant to Schedule 2,paragraph (g) of the AIM Rules for Companies in respect of that appointment. Peter is currently a director or partner of the following companies: • James Grant Media Group Limited • James Grant Music Publishing Limited • James Grant Productions Limited • James Grant Management Limited • Real Television Limited • JG Creative Rights Limited • Gordon the Gopher Trading Company Limited • Gallowgate Holdings Limited • Gallowgate Leisure Limited • James Grant Music Limited • Christchurch Management Company Limited • Rich List Music Limited • Rich List Music Publishing Limited • Rich List Records Limited • Riva Digital Media Limited In addition, Peter was a director of the following companies in the previousfive years: Shadow Talent Management, which was dissolved on 11 July 2006,having never traded; James Grant (Syon Park) Limited which was the previousparent of JGMG and was dissolved on 11 April 2006 following the name change;Digi-Clip TV Limited, which was dissolved on 1 November 2005 having nevertraded; Gold Card Ibiza Limited which was dissolved on 22 August 2006, havingceased to trade several months previously and which had no debts at the time ofdissolution; and Worldpop Limited, which Peter resigned as a director from on24 June 2001. Five months later, on 13 November 2001 Worldpop Limited was putinto administration, and subsequently into voluntary liquidation, following theappointment of Grant Thornton UK LLP as liquidators on 3 May 2002. This companywas finally dissolved on 17 July 2007 having paid out a proportion of the debtowed to its preferential creditors. Peter holds 2,893,750 ordinary shares in the Company (issued to him as part ofthe consideration for the acquisition of James Grant Media Group Limited)representing 1.31% of the Group's issued share capital. There is no other information which needs to be disclosed pursuant to Schedule2, paragraph (g) of the AIM Rules for Companies. Commenting, Neil Rodford, Chief Executive of Formation Group PLC said; "I am delighted to welcome Peter to the PLC board. His impressive track recordwill add real depth to our growing entertainment business. Peter's connectionsand reputation will also, I believe, enhance our ability to move the Groupforward into the next stage of its development." Enquiries: • Formation Group plc; Mike Wallwork, Communications Director; 0161 980 1210 or 07795 613844 • NOMAD to Formation Group plc; W H Ireland Ltd; David Youngman or Katy Mitchell; 0161 832 2174 • James Grant Media Group Ltd; Mike Large; 020 7973 5921 or 07768 261528 Notes to Editors For further information on Formation Group plc, please visit -www.formationgroupplc.com For further information on James Grant Media Group Ltd, please visit -www.jamesgrant.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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