Exercise of Option

RNS Number : 9144X

Forbidden Technologies PLC

24 August 2009

 



24 August 2009

Forbidden Technologies plc

 ('Forbidden' or 'the Company')

Further exercise of Option

Further to the announcements on 12 and 13 August 2009, the Company was notified on 20 August 2009 of the wish of the SF t1ps Smaller Companies Growth Fund ('SF t1ps') to further exercise its option, as granted at the time of the share subscription announced on 28 July 2009, and thereby subscribe to a further 125,000 new ordinary shares of 0.8p at an exercise price of 12p per share.

The Company has today allotted these new ordinary shares. Application will be made for the new shares to be admitted to trading on AIM, and Admission is expected on 28 August 2009.

Following this exercise, the Company has 79,102,500 shares in issue.

SF t1ps retains an option to subscribe for 2,060,000 new ordinary shares at an exercise price of 12p subject to conditions as previously announced.

-Ends-

For further information please visit www.forbidden.co.uk or contact:

Forbidden Technologies plc                     

Tel: [phone]

Stephen Streater, Chief Executive

Brewin Dolphin Investment Banking 

Tel: [phone]    

Neil Baldwin 

Nominated Advisor

Bishopsgate Communications                    

Tel: [phone]

Maxine Barnes

Robyn Samuelson

Siobhra Murphy

Notes to Editors

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

The Company develops and markets a powerful internet video platform, FORscene, which is used by broadcasters, in professional web video, in education and by consumers. FORscene is one of the world's most advanced browser-based applications, operating in The Cloud.

 

END

 

 

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