Director/PDMR Shareholding

RNS Number : 3630I

Forbidden Technologies PLC

21 March 2018

 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)

                                                                                                                         21 March 2018

Forbidden Technologies plc

("Forbidden" or the "Company")

Director/PDMR Shareholding

Forbidden Technologies plc (AIM: FBT) announces that it has received notification that Ian McDonough, Chief Executive Officer of the Company, has purchased on 20 March 2018 200,000 ordinary shares of 0.8 pence each in the Company ("Ordinary Shares") at a price of 4.25 pence per Ordinary Share and 300,000 ordinary shares of 0.8 pence each in the Company ("Ordinary Shares") at a price of 5.00 pence per Ordinary Share.

Following the above purchase, Mr McDonough has a total beneficial holding of 1,262,862 Ordinary Shares, representing approximately 0.7 per cent. of the Company's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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	Ian McDonough
2	Reason for the notification
a)	Position/status	Director, Chief Executive Officer
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	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 4.25p 5.00p 200,000 300,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	20 March 2018
f)	Place of the transaction	London Stock Exchange, AIM (FBT)

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:

https://www.linkedin.com/company/116180/
https://www.facebook.com/ForbiddenTechnologies

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

 

END

 

 

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