TIDMFFWD

RNS Number : 9042G

FastForward Innovations Limited

07 March 2018

7 March 2018

FastForward Innovations Ltd

("FastForward" or the "Company")

Proposed Director's Dealing

FastForward Innovations Limited (AIM: FFWD) announces that Mr. Lorne Abony, FastForward's Chief Executive Officer, has informed the Board of his intention to sell 12,248,436 Ordinary Shares of 1p each (representing 9.37 per cent. of the Company's issued share capital) in an off-market transaction at a price of GBP0.176 (17.6 pence) per share, for total consideration of GBP2,155,724 (the "Share Sale"). A further update announcement will be made once this sale has taken place.

The purchaser is intended to be Mr. Peter Saladino, a US entrepreneur with a background in property development and early-stage investments in the US and Canada. He currently serves on the Board of Golden Leaf Holdings Ltd (CNSX: GLH) and was a seed investor and strategic advisor to Nuuvera Inc.

FastForward CEO Lorne Abony commented, "Peter's intention to invest in the Company demonstrates his confidence in both the management of FastForward and our investment portfolio. I will remain Chief Executive Officer of the Company, one of its largest shareholders and completely committed to delivering results for all FastForward Shareholders in the future, despite the proposed sale of half of my shareholding."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information please visit www.fstfwd.co or contact:

 
FastForward Innovations Limited Tel: +44 (0) 
 1481 726 034 
 info@fstfwd.co 
 Ian Burns/Ed McDermott/Sue Saunders 
Beaumont Cornish Limited (Nomad) Tel: +44 
 (0) 207 628 3396 
 James Biddle / Roland Cornish 
Optiva Securities Limited (Broker) Tel: +44 
 (0) 203 411 1881 
 Graeme Dickson

This information is provided by RNS

The company news service from the London Stock Exchange

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March 07, 2018 02:00 ET (07:00 GMT)

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