Exercise of Option

RNS Number : 7478L

Forbidden Technologies PLC

12 May 2010

 



Forbidden Technologies plc

 ("Forbidden" or "the Company")

Exercise of Option

The Company has been notified that the SF t1ps Smaller Companies Growth Fund ("SF t1ps") has further exercised its option, as granted at the time of the share subscription announced on 28 July 2009, and thereby subscribed to a further 75,000 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 Monday 17 May 2010.

Following this exercise, the Company has 79,352,500 shares in issue.

SF t1ps retains an option to subscribe for 1,810,000 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]

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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