Exercise of Option
Forbidden Technologies (AIM: FBT), the AIM-quoted developer of the market leading Cloud video platform FORscene, announces that David Main, a non executive director of the Company, yesterday exercised options over new ordinary shares of 0.8p in the Company (“Shares”) under the Companys unapproved share option scheme as follows:
Number of Shares Exercise Price
25,000 21.5 p
As a result of this, the total beneficial holding of Mr. Main is 50,000 Ordinary Shares, equivalent to 0.06% per cent of the Companys issued share capital.
The Company has 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 15 June 2011.
Following the issue of the new shares, the Companys enlarged issued share capital consists of 86,579,500 ordinary shares of 0.8 pence per share.
For further information please visit www.forbidden.co.uk or contact:
Forbidden Technologies plc
Tel: +44 (0)20 8879 7245
Stephen Streater, Chief Executive
Tel: 0845 213 4726
Neil Baldwin, Nominated Advisor
Tel: 020 7562 3350
Duncan McCormick / Deepali Schneider / Natalie Quinn