The Company announces that yesterday, 27 July 2010, Vic Steel, Executive Chairman of the Company, purchased a total of 450,000 ordinary shares in the Company ("Ordinary Shares") at a price of 16 pence per share. As a result of this purchase, the total beneficial holding of Mr. Steel is 812,500 Ordinary Shares, equivalent to 1.00 per cent of the Companys issued share capital.
Phil Madden, Financial Director of the Company, also purchased 75,000 Ordinary Shares at a price of 16 pence per share on Tuesday 27 July. Following this transaction, Mr. Madden now holds a total of 150,875 Ordinary Shares, equivalent to 0.19 per cent. of the Companys issued share capital.
For further information please visit www.forbidden.co.uk or contact:
Forbidden Technologies plc
Tel: +44 (0) 20 8879 7245
Stephen Streater, Chief Executive
Brewin Dolphin Corporate Advisory & Broking
Tel: 0845 213 4726
Neil Baldwin, Nominated Advisor
Tel: +44 (0) 20 7562 3358
Notes to Editors
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) listed 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 worlds most advanced browser-based applications, operating in The Cloud.