Exercise of options
Forbidden Technologies plc (AIM:FBT), the AIM quoted owner and developer of the FORscene cloud video platform, announces that on 6 August 2012 two directors, Mr Vic Steel, Chairman of the Company, and Mr Greg Hirst, Director, yesterday exercised options at an exercise price of 21.5p over new ordinary shares of 0.8p in the Company ('New Shares') under the Company's unapproved share option scheme as follows:
|Director||Number of New Shares||Resulting Beneficial Holding|
|Shares||% of Issued Share Capital|
|Mr Vic Steel||100,000||1,099,500||1.26|
|Mr Greg Hirst||50,000||178,100||0.20|
The Company has allotted these New Shares. Application will be made for the New Shares to be admitted to trading on AIM, with admission expected to take place on 13 August 2012.
Following the issue of the New Shares, the Company's enlarged issued share capital will consist of 87,042,000 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 world's 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
Aubrey Powell, Nominated Adviser
Derrick Lee, Corporate Finance
Tel:+44 (0)20 3201 3170
Cenkos Securities plc, Broker
Adrian Hargrave, Corporate Finance
Alex Aylen, Sales
Tel:+44 (0)20 7397 8900
Nick Rome / Sam Allen
Tel:+44 (0)20 7562 3350