Director/PDMR Shareholding

RNS Number : 9274S

Forbidden Technologies PLC

28 June 2018

 

28 June 2018

Forbidden Technologies plc

("Forbidden" or the "Company")

Director/PDMR/PCA Shareholding

Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, has been notified of the following transactions:

On 26 June 2018, Ian McDonough, CEO of the Company and family; Stephen Streater, Director of the Company, and David Main, Chairman of the Company and his wife, made the following purchases of Ordinary Shares in connection with the Placing announced on 4 June 2018.

Ian McDonough and his wife Syarifah Aidid together purchased 1,000,000 Ordinary Shares at a price of 5 pence per share and upon Admission will hold a total beneficial interest in 2,262,862 Ordinary Shares, equivalent to 0.77 per cent. of the Company's ordinary share capital. In addition, Ian McDonough's extended family purchased 13,000,000 Ordinary Shares at a price of 5 pence per share and upon Admission will hold a total beneficial interest in 13,000,000 Ordinary Shares, equivalent to 4.40 per cent. of the Company's ordinary share capital.

Together, the McDonough family have purchased 14,000,000 Ordinary Shares at a price of 5 pence per share and upon Admission will hold a total beneficial interest in 15,262,862 Ordinary Shares, equivalent to 5.17 per cent. of the Company's ordinary share capital.

Stephen Streater purchased 500,000 Ordinary Shares at a price of 5 pence per share and upon Admission will hold a total beneficial interest in 64,485,714 Ordinary Shares, equivalent to 21.82 per cent. of the Company's ordinary share capital.

David Main and his wife Jacqueline Main together purchased 500,000 Ordinary Shares at a price of 5 pence per share and upon Admission will hold a total beneficial interest in 1,035,714 Ordinary Shares, equivalent to 0.35 per cent. of the Company's ordinary share capital.

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	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) 5.00p 600,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transactions	26 June 2018
f)	Place of the transaction	London Stock Exchange, AIM (FBT)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Syarifah Aidid
2	Reason for the notification
a)	Position/status	PCA of Ian McDonough, 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) 5.00p 400,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transactions	26 June 2018
f)	Place of the transaction	London Stock Exchange, AIM (FBT)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Streater
2	Reason for the notification
a)	Position/status	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	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 5.00p 500,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transactions	26 June 2018
f)	Place of the transaction	London Stock Exchange, AIM (FBT)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Main
2	Reason for the notification
a)	Position/status	Chairman
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) 5.00p 300,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transactions	26 June 2018
f)	Place of the transaction	London Stock Exchange, AIM (FBT)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jacqueline Main
2	Reason for the notification
a)	Position/status	PCA of David Main, Chairman
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) 5.00p 200,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transactions	26 June 2018
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

Nicholas Chambers

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.blackbird.video

 

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