Advance VCT and EIS assurance for fund raising
Forbidden Technologies (AIM: FBT), the AIM-quoted owner and developer of the market leading Cloud video platform, FORscene, announces that, in the light of the conditional Firm Placing and Open Offer to raise up to GBP9 million announced on 20 June 2013, the Company has now received assurance from HM Revenue and Customs that, on the basis of the information provided, the new Ordinary Shares will be eligible (subject to the circumstances of investors) for tax reliefs under EIS and for investment by VCTs.
Information about EIS and VCT is published in section 6 of Part 1 of the circular sent to shareholders last week.
For more information, please visit www.forbidden.co.uk or contact:
Forbidden Technologies plc
Stephen Streater, CEO
Tel: +44 (0)20 8879 7245
Cenkos Securities plc, Nominated Adviser and Broker
Adrian Hargrave, Corporate Finance
Alex Aylen, Sales
Tel: +44 (0)20 7397 8900
Nick Rome / Sam Allen / Matthew Low
Tel: +44 (0)20 7562 3350
Notes for editors
About Forbidden Technologies
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.
The Company develops and markets a powerful cloud video platform, FORscene, which is used by broadcasters, in professional web video, in education and by consumers. FORscene is one of the worlds most advanced browser-based and mobile applications.