Code formatting is broken for Shared project types

Changing the C# code formatting for an existing Shared project doesn't seem to work at all.

Changed the tab width for the shared project, opened a .cs file and did "Edit > Format > Format Document" and the spacing was not updated.

New lines in the file do not use the new formatting. Restarting Xamarin Studio resets my changes to the shared project code formatting.

On other project types the formatting seems to work.

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