Result of AGM & Update re Change of Name

RNS Number : 3965Y

Forbidden Technologies PLC

08 May 2019

 

8 May 2019

FORBIDDEN TECHNOLOGIES PLC

("Forbidden" or the "Company")

Result of Annual General Meeting and Update re Change of Name

Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, announces that at the Company's Annual General Meeting, held earlier today, the following resolutions were duly passed on a show of hands with the following table summarising proxy votes:

	NO OF VOTES FOR	%	NO OF VOTES AGAINST	%	TOTAL VOTES CAST (EXCLUDING VOTES WITHHELD)	NO OF VOTES WITHHELD
ORDINARY RESOLUTIONS
1. To adopt the Company's annual accounts for the year ended 31 December 2018	172,962,440	99.99	12,542	0.01	172,974,982	11,500
2. To re-appoint Kingston Smith LLP as auditors of the Company	172,951,440	99.99	23,542	0.01	172,974,982	11,500
3. To re-appoint Stephen White as a director	172,800,884	99.89	184,098	0.11	172,984,982	1,500
4. To re-appoint James Irving as a director	172,800,884	99.89	184,098	0.11	172,984,982	1,500
5. To authorise the directors to allot shares in the Company	172,741,359	99.86	233,623	0.14	172,974,982	11,500
SPECIAL RESOLUTIONS
6. To disapply pre-emption rights in limited circumstances	172,741,359	99.86	233,623	0.14	172,974,982	11,500
7. To approve the change of the Company's name to Blackbird plc	172,762,659	99.87	220,323	0.13	172,982,982	3,500
8. To approve the adoption of the New Incentive Plan	172,748,859	99.87	225,323	0.13	172,974,182	12,300

Change of name

The Company confirms that further to the announcement of 15 April 2019 and pursuant to Resolution 7 passed at the AGM earlier, it will, with effect from 15 May 2019, change its name to Blackbird plc.

Trading in the Company's shares under the new name will commence at 8.00 am on 15 May 2019. The Company's ticker symbol (TIDM) will change to 'BIRD'. From 8.00 am on 15 May 2019, the Company's website can be found at www.blackbird.video, where the information required pursuant to AIM Rule 26 can be viewed.

Shareholdings will be unaffected by the change of name and existing share certificates should be retained as they will remain valid for all purposes. Any new share certificates issued will bear the new name.

Contacts:

Forbidden Technologies plc	Tel: [phone]
Ian McDonough, Chief Executive Officer
Adrian Lambert, Marketing Director
Allenby Capital Limited (Nominated Adviser and Broker)	Tel: [phone]
Nick Naylor
Nicholas Chambers
Yellow Jersey (Financial PR)	Tel: [phone]
Joe Burgess
Felicity Winkles

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/

 

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