Exercise of Option
Forbidden Technologies (AIM:FBT), the Aim quoted developer of the market leading Cloud video platform FORscene, announces that a recent employee has today exercised employee share options of 20,000 new ordinary shares in the Company at an exercise price of 13.5p each.
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 to be on 9 March 2011.
Following the issue of the new shares, the Companys enlarged issued share capital consists of 86,479,500 New Ordinary shares of 0.8 pence per share.
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 applications, operating in The Cloud.
Forbidden Technologies plc
Tel: +44 (0)20 8879 7245
Stephen Streater, CEO
Tel: +44 (0)845 213 4726
Neil Baldwin, Nominated Advisor
Tel: +44 (0) 20 7562 3350
Duncan McCormick/Deepali Schneider/Natalie Quinn