Director/PDMR Shareholding

RNS Number : 9449S

Forbidden Technologies PLC

15 March 2019

 

15 March 2019

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 that on 12th March 2019, Ian McDonough, CEO of the Company, and his wife Syarifah Aidid, a person closely associated with Ian McDonough, together purchased 476,700 Ordinary Shares at a price of 7.85 pence per share and now hold a total beneficial interest in 3,539,562 Ordinary Shares, equivalent to 1.20 per cent. of the Company's ordinary share capital.

Contacts:

Forbidden Technologies plc		Tel: [phone]
Ian McDonough, CEO
Adrian Lambert, Marketing Director
Allenby Capital Limited (Nominated Adviser and Broker)		Tel: [phone]
Nick Naylor / John Depasquale / Nicholas Chambers

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 its patented Blackbird technology. The technology underpins multiple applications, which are used by rights holders, broadcasters, sports and news video specialists, eSports live events and content owners, 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.blackbird.video

www.forbidden.co.uk

Social media

www.linkedin.com/company/forbidden
www.twitter.com/forbiddentech
www.facebook.com/ForbiddenTechnologies/

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) 7.85p 235,950
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12 March 2019
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) 7.85p 240,750
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	12 March 2019
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.

 

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