Exercise of Options
Forbidden Technologies (AIM: FBT), the AIM-quoted developer of the market leading Cloud video platform FORscene, announces
that Greg Hirst, a director of the Company, yesterday exercised his Option, granted under the Forbidden Technologies plc Approved Share Option Scheme on 21 September 2001, over 50,000 new ordinary shares of 0.8p in the Company at an exercise price of 25.5 pence per share.
As a result of this, the total beneficial holding of Mr. Hirst is 110,000 Ordinary Shares, equivalent to 0.13% per cent of the Company’s issued share capital.
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 7 April 2011.
Following the issue of the new shares, the Companys enlarged issued share capital consists of 86,529,500 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: 0207 562 3350
Duncan McCormick / Deepali Schneider / Natalie Quinn