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 Company's unapproved share option scheme as follows:
|Number of Shares||Exercise price|
As a result of this, the total beneficial holding of Mr. Main is 190,000 Ordinary Shares, equivalent to 0.28 per cent of the Company's 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 8 March 2013.
Following the issue of the new shares, the Companys enlarged issued share capital consists of 87,257,000 ordinary shares of 0.8 pence per share.
For further information please visit www.forbidden.co.uk or contact:
Forbidden Technologies plc
Stephen Streater, CEO
Tel: +44 (0)20 8879 7245
Cenkos Securities plc, Nominated Adviser and Broker
Adrian Hargrave, Corporate Finance
Alex Aylen, Sales
Tel: +44 (0)20 7397 8900
Nick Rome / Sam Allen / Matthew Low
Tel: +44 (0)20 7562 3350
Notes for editors
About Forbidden Technologies
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.
The Company develops and markets a powerful cloud 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.