Grant of Share Options

RNS Number : 2621B

Forbidden Technologies PLC

03 April 2017

 

3 April 2017

Forbidden Technologies plc

("Forbidden" or the "Company")

Grant of Share Options

Forbidden Technologies plc (AIM: FBT), the AIM-quoted owner and developer of Forscene (the market-leading cloud video platform) announces that on 31 March 2017 options over the Company's ordinary shares of 0.8p were granted to the directors listed below:

Name	Title	Number of options	Exercise price	Number of options held post grant
David Main	Non-Executive Chairman	500,000	6.0p	1,445,000
Andrew Bentley	Non-Executive Director	200,000	6.0p	400,000
James Irving	Non-Executive Director	200,000	6.0p	400,000
Stephen Streater	Chief Technical Officer	250,000	6.0p	250,000
Jonathan Lees	Chief Financial Officer	250,000	6.0p	1,320,000

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

Following the above grant, there are a total of 3,815,000 incentive share options granted over unissued Ordinary Shares granted to Directors and PDMRs, representing 2.11% of the Company's current issued Ordinary Share capital of 180,486,199 Ordinary Shares.

Details of the Options granted to the following Directors and persons who discharge managerial responsibilities ("PDMRs") today are set out below:

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	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	N/A
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 each in Forbidden Technologies plc Identification code (ISIN) for Forbidden Technologies plc ordinary shares: GB0004740477
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 6.0p 500,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	31 March 2017
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	N/A
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 each in Forbidden Technologies plc Identification code (ISIN) for Forbidden Technologies plc ordinary shares: GB0004740477
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 6.0p 200,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	31 March 2017
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	N/A
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 each in Forbidden Technologies plc Identification code (ISIN) for Forbidden Technologies plc ordinary shares: GB0004740477
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 6.0p 200,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	31 March 2017
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	Chief Technical 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	N/A
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 each in Forbidden Technologies plc Identification code (ISIN) for Forbidden Technologies plc ordinary shares: GB0004740477
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 6.0p 250,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	31 March 2017
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	Chief Financial 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	N/A
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 each in Forbidden Technologies plc Identification code (ISIN) for Forbidden Technologies plc ordinary shares: GB0004740477
b)	Nature of the transaction	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 6.0p 250,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	31 March 2017
f)	Place of the transaction	London Stock Exchange, AIM (FBT)

Enquiries:

Forbidden Technologies plc


David Main, Chairman

Jonathan Lees, Chief Financial Officer

Tel: [phone]

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Richard Short

Katrina Perez

Tel: [phone]

Redleaf Communications (Financial PR Adviser)

Rebecca Sanders-Hewett

David Ison

Susie Hudson

Tel: [phone]

Email: [e-mail]

About Forbidden Technologies plc



Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.

Company develops and markets a powerful cloud video platform with multiple applications which can be used by rights holders, broadcasters, sports and news video specialists, post-production houses, other mass market digital video channels, corporates and consumers. The platform applications help customers improve their time to market on time sensitive content, and efficiently exploit the full value of their content.

Websites:

www.forbidden.co.uk

www.forscene.com

Social media:

www.facebook.com/FORscene

www.plus.google.com/+Forscenepro/posts

www.linkedin.com/company/forscene

www.twitter.com/forscenepro

www.youtube.com/user/ForsceneTraining

 

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