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Forbidden Tech. (FBT)

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Thursday 14 September, 2017

Forbidden Tech.

Director/PDMR Shareholding

RNS Number : 7832Q
Forbidden Technologies PLC
14 September 2017
 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)

 

                                                                                                                    14 September 2017

 

Forbidden Technologies plc

("Forbidden" or the "Company")

 

Director/PDMR Shareholding

 

Forbidden Technologies plc (AIM: FBT) announces that it has received notification that Ian McDonough, Chief Executive Officer of the Company, has today purchased 762,862 ordinary shares of 0.8 pence each in the Company ("Ordinary Shares") at a price of 5.24 pence per Ordinary Share.

 

Following the above purchase, Mr McDonough has a total beneficial holding of 762,862 Ordinary Shares, representing approximately 0.42 per cent. of the Company's issued share capital.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

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

Director, 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

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

Purchase of Ordinary Shares

 

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

5.24p

762,862

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

14 September 2017

f)

Place of the transaction

London Stock Exchange, AIM (FBT)

 

 

Enquiries:

Forbidden Technologies plc

David Main, Chairman

Jonathan Lees, Chief Financial Officer

Tel: +44 (0)20 8879 7245

 

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Richard Short

Katrina Perez

Tel: +44 (0)20 3328 5656

 

Redleaf Communications (Financial PR Adviser)

David Ison

Sam Modlin

Tel: +44 (0)20 7382 4730

Email: [email protected]

 

About Forbidden Technologies plc

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

 

The Company develops, markets and licenses 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 helps provide customers visibility on all their content and more effectively monetise their content, including improving their time to market for live digital content such as clips and highlights packages for social media.

 

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

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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