Exercise of option
Forbidden Technologies plc (AIM:FBT), the AIM quoted owner and developer of the market leading Cloud video platform, FORscene, announces that Greg Hirst, Business Development Director, yesterday exercised his option, granted under the Companys Unapproved Share Option Scheme, over 75,000 new ordinary shares of 0.8p in the Company (New Shares) at an exercise price of 22p.
Following the exercise, the total beneficial holding of Mr. Hirst is now 253,100 ordinary shares in the Company, representing 0.29% of the Companys issued share capital.
The Company has allotted these New Shares. Application will be made for the New Shares to be admitted to trading on AIM, which is expected to take place on 14 December 2012.
Following the issue of the New Shares, the Companys enlarged issued share capital will consist of 87,117,000 ordinary shares of 0.8 p.
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 worlds 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 Singer, Nominated Adviser
Tel: +44 (0)20 7496 3000
Cenkos Securities plc, Broker
Adrian Hargrave, Corporate Finance
Alex Aylen, Sales
Tel: +44 (0)20 7397 8900
Nick Rome / Sam Allen / Matt Low
Tel: +44 (0)20 7562 3350