Director/PCA shareholding

RNS Number : 3047J

Forbidden Technologies PLC

28 March 2018

 

28 March 2018

Forbidden Technologies plc

("Forbidden" or the "Company")

PCA Shareholding

Forbidden Technologies plc (AIM: FBT) announces that it has received notification that Austen Palmer, a Person Closely Associated ("PCA") with Andrew Bentley, Non-Executive Director of the Company, on 27 March 2018 sold 100,000 ordinary shares at 5.00p and purchased 99,403 ordinary shares at 5.03p in the Company, to be held in his ISA. In addition, on 28 March 2018, Austen Palmer sold 94,333 ordinary shares at 5.00p and purchased 93,770 ordinary shares at 5.03p in the Company, to be held in his ISA.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Austen Palmer
2	Reason for the notification
a)	Position/status	PCA of Andrew Bentley, Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Forbidden Technologies Plc
b)	LEI	2138006DWRVTIAVW3415
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.8p each in Forbidden Technologies Plc Identification code (ISIN) for Forbidden Technologies Plc ordinary shares: GB0004740477
b)	Nature of the transaction	Sale and Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 5.00p 5.03p 5.00p 5.03p 100,000 (Sell)   99,403 (Buy)   94,333 (Sell)   93,770 (Buy)
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transactions	27 March 2018 (Sell) 27 March 2018 (Buy) 28 March 2018 (Sell) 28 March 2018 (Buy)
f)	Place of the transaction	London Stock Exchange, AIM (FBT)

The information set out in this announcement is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

Enquiries:

Forbidden Technologies plc

Ian McDonough, CEO

Jonathan Lees, Finance Director

Tel: [phone]

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Katrina Perez

Tel: [phone]

About Forbidden Technologies plc

Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.

Forbidden develops, markets and licenses a powerful cloud video platform using our patented Blackbird technology. The technology underpins multiple applications which are used by rights holders, broadcasters, sports and news video specialists, post-production houses, other mass market digital video channels and corporations.

The Blackbird technology allows full visibility on multi-location digital content, improves time to market for live content such as video clips and highlights for social media distribution, and results in much more effective monetisation.

Blackbird® is a registered trademark of Forbidden Technologies Plc.

Websites:

www.forbidden.co.uk

www.forscene.com

Social media:

www.linkedin.com/company/forscene
www.facebook.com/FORscene
www.youtube.com/user/ForsceneTraining

 

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