Issue of Equity FastForward Innovations Ltd, the AIM quoted company focusing on making investments in fast growing and industry leading businesses, is pleased to announce that it has placed 24,705,879 new Ordinary Shares of 1p each (the Placing Shares ) at a price of 8.5p per Placing Share (the Placing Price ) with new and existing shareholders raising gross proceeds of approximately £2.1 million (together the Placing ). In addition, it has issued 2,941,177 Ordinary Shares from the Company s treasury shares to Mr Lorne Abony, a former director, at the Placing Price in settlement of accrued directors fees payable in relation to calendar year 2019 and payment of which was deferred on 15 May 2020 for a period of up to 12 months.
26 January 2021 FastForward Innovations Ltd, the AIM quoted company focusing on making investments in fast growing and industry leading businesses, notes the following announcement released today concerning investee company EMMAC Life Sciences ( EMMAC ). FastForward has a 2.3% interest in the issued stock of EMMAC. EMMAC Life Sciences Group and Boiron selected for French Medical Cannabis trial Only European Company selected by the French Agency for the Safety of Medicines and Health Products (ANSM) 26 January 2021, London. EMMAC Life Sciences Group ( EMMAC or the Group or the Company ), Europe s largest independent cannabis company, is pleased to announce that in partnership with Paris Euronext listed Boiron (BOI.PA), it has been selected by the French Agency for the Safety of Medicines and Health Products ( ANSM ) as one of the suppliers for the forthcoming
26 January 2021
Investee Company Update: Yooma Corp.
FastForward Innovations Ltd, the AIM quoted company focusing on making investments in fast growing and industry leading businesses, is pleased to confirm the merger of Yooma Corp. ( Yooma ), in which it holds a 10.65% interest, and Globalive Technology (TSX-V: LIVE) ( Globalive ) has been approved at a special meeting of its shareholders.
Following completion of the merger, which remains subject to Canadian regulatory approval, FFWD will hold 4,007,165 shares in Globalive representing 8.95% of the enlarged issued share capital.
Ed McDermott, CEO of FastForward, commented: We are delighted that the merger between Yooma and Globalive has been approved. To see a liquidity event for our holding in Yooma within less than a year from our investment is a great result and one we hope can be replicated across other portfolio companies over the next 12 months. We are very excited to see the combined forces of G