Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, has been notified that on 29 November 2018, Ian McDonough, the Company’s Chief Executive Officer and a person discharging managerial responsibilities (PDMR), purchased 800,000 Ordinary Shares at a price of 6.2 pence per share and now holds a total beneficial interest in 3,062,862 Ordinary Shares, equivalent to 1.04 per cent. of the Company’s ordinary share capital.
This notification is made in accordance with the requirements of the EU Market Abuse Regulation. The FCA notifications, made in accordance with the requirements of the EU Market Abuse Regulation, are appended further below.
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|
|2||Reason for the notification|
|a)||Position/status||Chief Executive Officer|
|Initial notification /Amendment||Initial notification|
|Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor|
|a)||Name||Forbidden Technologies plc|
|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|
|Description of the financial instrument, type of instrument
|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)||
– Aggregated volume
|e)||Date of the transactions||29 November 2018|
|f)||Place of the transaction||London Stock Exchange, AIM (FBT)|
The information set out in this announcement is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
Forbidden Technologies plc
Ian McDonough, CEO
Tel: +44 (0)20 8879 7245
Allenby Capital Limited (Nominated Adviser and Broker)
Tel: +44 (0)20 3328 5656
About Forbidden Technologies plc:
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000. Forbidden develops, markets and licenses a powerful cloud video platform using our patented Blackbird technology. The technology underpins multiple applications which are used by rights holders, broadcasters, sports and news video specialists, post-production houses, other mass market digital video channels and corporations.
The Blackbird technology allows full visibility on multi-location digital content, improves time to market for live content such as video clips and highlights for social media distribution which results in improved monetisation of video content.
Blackbird® is a registered trademark of Forbidden Technologies plc.