Grant of Share Options

RNS Number : 8963A

Forbidden Technologies PLC

17 September 2018

 

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.

17 September 2018

Forbidden Technologies plc

("Forbidden" or the "Company")

Grant of Share Options

Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, announces that on 15 September 2018 options over the Company's ordinary shares of 0.8p were granted to the directors listed below as part of an employee-wide share option grant over 3,690,000 unissued Ordinary Shares:

Name	Title	Number of Options	Exercise Price	Number of Options Post Grant
Ian McDonough	Chief Executive Officer	1,180,000	5.25p	3,580,000
Stephen Streater	R&D Director	480,000	5.25p	730,000
Jonathan Lees	Finance Director	200,000	5.25p	1,520,000
David Main	Non-Executive Chairman	120,000	5.25p	1,565,000
Andrew Bentley	Non-Executive Director	120,000	5.25p	520,000
James Irving	Non-Executive Director	80,000	5.25p	480,000

The options were granted under the Company's EMI share option scheme.

Following the above grant there are a total of 8,395,000 incentive share options granted over unissued Ordinary Shares granted to Directors and PDMRs, representing 2.84% of the Company's current Ordinary share capital of 295,486,199 Ordinary Shares.

Enquiries:

Forbidden Technologies plc


Ian McDonough, CEO

Jonathan Lees, Finance Director

Tel: [phone]

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Nicholas Chambers

Tel: [phone]

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 our patented Blackbird technology. The technology underpins multiple applications which are used by rights holders, broadcasters, sports and news video specialists, eSports, 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 which results in improved monetisation of video content.

Blackbird® is a registered trademark of Forbidden Technologies plc.

All other trademarks acknowledged

Websites:

www.forbidden.co.uk

www.blackbird.video

Social Media:

www.linkedin.com/company/forbidden

www.twitter.com/forbiddentech

www.facebook.com/ForbiddenTechnologies/

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian McDonough
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Forbidden Technologies plc
b)	LEI	2138006DWRVTIAVW3415
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.8p
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 5.25p 1,180,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	17 September 2018
f)	Place of the transaction	London Stock Exchange AIM (FBT)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Streater
2	Reason for the notification
a)	Position/status	R&D Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Forbidden Technologies plc
b)	LEI	2138006DWRVTIAVW3415
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.8p
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 5.25p 480,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	17 September 2018
f)	Place of the transaction	London Stock Exchange AIM (FBT)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jonathan Lees
2	Reason for the notification
a)	Position/status	Finance Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Forbidden Technologies plc
b)	LEI	2138006DWRVTIAVW3415
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.8p
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 5.25p 200,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	17 September 2018
f)	Place of the transaction	London Stock Exchange AIM (FBT)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Main
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Forbidden Technologies plc
b)	LEI	2138006DWRVTIAVW3415
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.8p
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 5.25p 120,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	17 September 2018
f)	Place of the transaction	London Stock Exchange AIM (FBT)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Bentley
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Forbidden Technologies plc
b)	LEI	2138006DWRVTIAVW3415
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.8p
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 5.25p 120,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	17 September 2018
f)	Place of the transaction	London Stock Exchange AIM (FBT)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Irving
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Forbidden Technologies plc
b)	LEI	2138006DWRVTIAVW3415
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.8p
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 5.25p 80,000
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transaction	17 September 2018
f)	Place of the transaction	London Stock Exchange AIM (FBT)

 

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