Posted: 21/08/2012
The Board of Forbidden Technologies plc (AIM:FBT), the AIM quoted owner and developer of the FORscene cloud video platform, resolved on 20 August 2012 to award options over its ordinary shares of 0.8p each under its EMI scheme ("EMI"), adopted at the AGM on 27 April 2012, and the Forbidden Technologies unapproved scheme ("Unapproved").
The options have an exercise price of 26p, being the closing mid-market share price on 20 August 2012 (the latest possible date prior to the date of award) and are normally exercisable after three years.
The options awarded to directors are as follows:
| Director | Number of Options | Scheme | |
|---|---|---|---|
| Vic Steel | 40,000 | EMI | |
| Phil Madden | 40,000 | EMI | |
| Greg Hirst | 40,000 | EMI | |
| David Main | 40,000 | Unapproved | |
David Main, a non-executive director, has his options under the unapproved share options scheme as he does not meet the working hour requirements of EMI.
In addition, options over 240,000 Forbidden ordinary shares of 0.8p each were awarded to other Forbidden employees under the EMI scheme.
Stephen Streater, CEO of Forbidden Technologies plc, said:
"We are committed to motivating our team to think like shareholders by giving them a long-term equity interest in the company."
-Ends-
About Forbidden Technologies
Forbidden Technologies plc (AIM:FBT, www.forbidden.co.uk) floated in February 2000.
The Company develops and markets a powerful internet video platform, FORscene, which is used by broadcasters, in professional web video, in education and by consumers. FORscene is one of the world's most advanced browser-based and mobile applications, operating in the cloud.
For more information, please visit www.forbidden.co.uk or contact:
  
Forbidden Technologies plc 
 Stephen Streater, CEO 
 Tel:+44 (0)20 8879 7245
  
N+1 Brewin 
 Aubrey Powell, Nominated Adviser 
 Derrick Lee, Corporate Finance 
 Tel:+44 (0)20 3201 3170
  
Cenkos Securities plc, Broker 
 Adrian Hargrave, Corporate Finance 
 Alex Aylen, Sales 
 Tel:+44 (0)20 7397 8900
  
Bishopsgate Communications 
 Nick Rome / Sam Allen 
 Tel:+44 (0)20 7562 3350 
 forbidden@bishopsgatecommunications.com
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