Exercise of option

RNS Number : 3227J

Forbidden Technologies PLC

03 August 2012

 



06.08.12

Forbidden Technologies plc

("Forbidden" or the "Company")

Exercise of option

Forbidden Technologies plc (AIM:FBT), the AIM quoted owner and developer of the FORscene cloud video platform, announces that on 3 August, 2012 an employee exercised an option over 156,250 new ordinary shares in the Company granted under the Company's unapproved option scheme at an exercise price of 21.5p each.

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 to take place on 09 August, 2012.

Following the issue of the new shares, the Company's enlarged issued share capital will consist of 86,892,000 ordinary shares of 0.8 pence per share.

-Ends-

About Forbidden Technologies

Forbidden Technologies plc (AIM:FBT, www.forbidden.co.uk) floated 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 and mobile applications, operating in the cloud.

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

Forbidden Technologies plc

Stephen Streater, CEO

Tel: [phone]

N+1 Brewin

Aubrey Powell, Nominated Adviser

Derrick Lee, Corporate Finance

Tel: [phone]

Cenkos Securities plc, Broker

Adrian Hargrave, Corporate Finance

Alex Aylen, Sales

Tel: [phone]

Bishopsgate Communications

Nick Rome / Sam Allen

Tel: [phone]

[e-mail] 

 

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