Exercise of Option

RNS Number : 1143I

Forbidden Technologies PLC

09 June 2011

 

Forbidden Technologies plc

 ("Forbidden" or "the Company")

9 June 2011

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

25,000                                       25.5p

25,000                                       21.5 p

As a result of this, the total beneficial holding of Mr. Main is 50,000 Ordinary Shares, equivalent to 0.06% 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 15 June 2011.

Following the issue of the new shares, the Company's enlarged issued share capital consists of 86,579,500 ordinary shares of 0.8 pence per share.

-Ends-

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

Forbidden Technologies plc

Tel: [phone]

Stephen Streater, Chief Executive

Brewin Dolphin

Tel: [phone]

Neil Baldwin, Nominated Advisor

Bishopsgate Communications

Tel: [phone]

Duncan McCormick / Deepali Schneider / Natalie Quinn

 

END

 

 

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