Posted: 29/04/2005
The resolution at today's EGM was passed unanimously, so no proxy vote was called. Of the proxy votes, the majority was over 5000:1 in favour of the resolution. This means that Forbidden can continue its long term incentive policy of issuing share options to staff. These options are within the institutional guidelines, are always granted at market price, and become exercisable if the staff member stays in employment with the company for three years from the date of grant.
Blackbird is best-of-breed
Jon Hanford - Group CTO, Deltatre