Employee share option exercise
Forbidden Technologies plc ("the Company") announces that it has received applications to exercise options over 1,125,000 Ordinary Shares of 0.8p each in the Company under the terms of the Forbidden Technologies plc Approved Share Option Scheme. These shares rank pari passu with the existing issued ordinary shares in the Company. These shares have been allotted and application has been made to the London Stock Exchange for these 1,125,000 Ordinary Shares to be quoted on the Alternative Investment Market. It is expected that dealings will commence in these Ordinary Shares on 15 August 2003. The employees to whom these shares are being allotted have confirmed that they have no intention of selling the shares in the short term.