Exercise of Option

RNS Number : 2042Z

Forbidden Technologies PLC

05 March 2013

 



                                                                                                                            05.03.13

Forbidden Technologies plc

("Forbidden" or "the Company")

Exercise of Option

 

Forbidden Technologies (AIM: FBT), the AIM-quoted developer of the market leading Cloud video platform FORscene, announces that David Main, a non-executive director of the Company, yesterday exercised options over new ordinary shares of 0.8p in the Company ("Shares") under the Company's unapproved share option scheme as follows:

Number of shares	Exercise price
20,000	22p
50,000	26p
50,000	8.5p
20,000	24p

As a result of this, the total beneficial holding of Mr. Main is 190,000 Ordinary Shares, equivalent to 0.28 per cent of the Company's issued share capital.

The Company has 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 8 March 2013.

Following the issue of the new shares, the Company's enlarged issued share capital consists of 87,257,000 ordinary shares of 0.8 pence per share.

Ends

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

Forbidden Technologies plc

Stephen Streater, CEO

Tel: [phone]

Cenkos Securities plc, Nominated Adviser and Broker

Adrian Hargrave, Corporate Finance

Alex Aylen, Sales

Tel: [phone]

Bishopsgate Communications

Nick Rome / Sam Allen / Matthew Low

Tel: [phone]

[e-mail]

Notes for editors

About Forbidden Technologies

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

The Company develops and markets a powerful cloud 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 and mobile applications.

 

END

 

 

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