16 November 2018
("Forbes" or the “Company”)
Investee Company Update
Forbes is pleased to announce that it has been notified by its investee company, Civilised Bank Limited (the “Bank”), that the Bank has resubmitted its banking licence application to the Bank of England and successfully raised an additional £10.0 million. Forbes Ventures holds 4,545 ordinary shares in the Bank.
On 28 September 2018, the Company’s announcement that Kirk Kashefi had been appointed as a non-executive Director of Forbes did not state that Mr. Kashefi was also a director of Cloudberry Consulting Limited, a company through which Mr. Kashefi provides consultancy services. There is no further information relating to Mr. Kashefi that is required to be disclosed pursuant to Paragraph 21, Appendix 1 of the NEX Exchange Growth Market Rules for Issuers.
The Directors of Forbes accept responsibility for the contents of this announcement.
For further information, please contact:
Peter Moss, Chairman 01625 588 767
Rob Cooper, Chief Executive Officer 020 3687 0498
NEX Exchange Corporate Adviser
Peterhouse Capital Limited
Mark Anwyl and Fungai Ndoro 020 7469 0930
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.