Exercise of option

RNS Number : 1235N

Forbidden Technologies PLC

04 June 2010

 



Forbidden Technologies plc

4 June 2010

Exercise of option

The Company has been notified that the SF t1ps Smaller Companies Growth Fund ("SF t1ps") has further exercised its option, as granted at the time of the share subscription announced on 28 July 2009, and thereby subscribed to a further 50,000 new ordinary shares of 0.8p at an exercise price of 12p per share.

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 Thursday 10 June 2010.

Following this exercise, the Company has 79,627,500 shares in issue.

SF t1ps retains an option to subscribe for 1,535,000 new ordinary shares at an exercise price of 12p subject to conditions as previously announced.

-Ends-

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

Forbidden Technologies plc
Stephen Streater, Chief Executive
[phone]

Brewin Dolphin Corporate Advisory & Broking
Tel: [phone]
Neil Baldwin, Nominated Advisor

Bishopsgate Communications
Robyn Samuelson /Siobhra Murphy
[phone]

Notes to Editors

Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) listed 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 applications, operating in The Cloud.

 

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