Exercise of options

RNS Number : 4256J

Forbidden Technologies PLC

07 August 2012

 



07.08.12

Forbidden Technologies plc

("Forbidden" or the "Company")

Exercise of options

Forbidden Technologies plc (AIM:FBT), the AIM quoted owner and developer of the FORscene cloud video platform, announces that on 6 August 2012 two directors, Mr Vic Steel, Chairman of the Company, and Mr Greg Hirst, Director, yesterday exercised options at an exercise price of 21.5p over new ordinary shares of 0.8p in the Company ('New Shares') under the Company's unapproved share option scheme as follows:

Director	Number of New Shares	Resulting beneficial holding
		Shares	% of issued share capital
Mr Vic Steel	100,000	1,099,500	1.26
Mr Greg Hirst	50,000	178,100	0.20

The Company has allotted these New Shares. Application will be made for the New Shares to be admitted to trading on AIM, with admission expected to take place on 13 August 2012.

Following the issue of the New Shares, the Company's enlarged issued share capital will consist of 87,042,000 ordinary shares of 0.8 pence per share.

-Ends-

About Forbidden Technologies

Forbidden Technologies plc (AIM:FBT, www.forbidden.co.uk) floated 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 and mobile applications, operating in the cloud.

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

Forbidden Technologies plc

Stephen Streater, CEO

Tel: [phone]

N+1 Brewin

Aubrey Powell, Nominated Adviser

Derrick Lee, Corporate Finance

Tel: [phone]

Cenkos Securities plc, Broker

Adrian Hargrave, Corporate Finance

Alex Aylen, Sales

Tel: [phone]

Bishopsgate Communications

Nick Rome / Sam Allen

Tel: [phone]

[e-mail] 

 

END

 

 

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