Exercise of option

RNS Number : 1920T

Forbidden Technologies PLC

11 December 2012

 



11.12.12

Forbidden Technologies plc

(the "Company")

Exercise of option

Forbidden Technologies plc (AIM:FBT), the AIM quoted owner and developer of the market leading  Cloud video platform, FORscene, announces that Greg Hirst, Business Development Director, yesterday exercised his option, granted under the Company's Unapproved Share Option Scheme, over 75,000 new ordinary shares of 0.8p in the Company ('New Shares') at an exercise price of 22p.

Following the exercise, the total beneficial holding of Mr. Hirst is now 253,100 ordinary shares in the Company, representing 0.29% of the Company's issued share capital.

The Company has allotted these New Shares. Application will be made for the New Shares to be admitted to trading on AIM, which is expected to take place on 14 December 2012.

Following the issue of the New Shares, the Company's enlarged issued share capital will consist of 87,117,000 ordinary shares of 0.8 p.

-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 Singer, Nominated Adviser

Aubrey Powell

Nick Donovan

Tel: [phone]

Cenkos Securities plc, Broker

Adrian Hargrave, Corporate Finance

Alex Aylen, Sales

Tel: [phone]

Bishopsgate Communications

Nick Rome / Sam Allen / Matt Low

Tel: [phone]

[e-mail] 

 

END

 

 

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