Exercise of Option
The Company has been notified that the SF t1ps Smaller Companies Growth Fund (“SF t1ps”) has further exercised its option, as granted at the time of the share subscription announced on 28 July 2009, and thereby subscribed to a further 75,000 new ordinary shares of 0.8p at an exercise price of 12p per share.
The Company has today allotted these new ordinary shares. Application will be made for the new shares to be admitted to trading on AIM, and Admission is expected on Monday 17 May 2010.
Following this exercise, the Company has 79,352,500 shares in issue.
SF t1ps retains an option to subscribe for 1,810,000 new ordinary shares at an exercise price of 12p subject to conditions as previously announced.
For more information, please visit www.forbidden.co.uk or contact:
Forbidden Technologies plc
Stephen Streater, Chief Executive
+44 (0)20 8879 7245
Brewin Dolphin Investment Banking
Tel: 0845 213 4726
Neil Baldwin, Nominated Advisor
Robyn Samuelson /Siobhra Murphy
+44 (0)7917 042 335
Notes to Editors
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) listed in February
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 applications, operating in The Cloud.