Exercise of options

RNS Number : 0843E

Forbidden Technologies PLC

01 April 2011

 



01.04.2011

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 Greg Hirst, a director of the Company, yesterday exercised  his Option, granted under the Forbidden Technologies plc Approved Share Option Scheme on 21 September 2001, over 50,000 new ordinary shares of 0.8p in the Company at an exercise price of 25.5 pence per share.

As a result of this, the total beneficial holding of Mr. Hirst is 110,000 Ordinary Shares, equivalent to 0.13% per centof the Company's issued share capital.

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 7 April 2011.

Following the issue of the new shares, the Company's enlarged issued share capital consists of 86,529,500 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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