Forbidden Technologies PLC Grant of Share Options (1756I)
March 19 2018 - 9:38AM
UK Regulatory
TIDMFBT
RNS Number : 1756I
Forbidden Technologies PLC
19 March 2018
19 March 2018
Forbidden Technologies plc
("Forbidden" or the "Company")
Grant of Share Options
Forbidden Technologies plc (AIM: FBT), the developer and seller
of cloud video platform technology using its patented Blackbird
technology, announces that on 19 March 2018 options over the
Company's ordinary shares of 0.8p were granted to Ian McDonough as
part of an employee-wide share option grant over 2,675,000 unissued
Ordinary Shares:
Name Title Number Exercise Number of options
of options price held post grant
--------------- ----------------- ------------ --------- ------------------
Chief Executive
Ian McDonough Officer 400,000 4.0p 2,400,000
--------------- ----------------- ------------ --------- ------------------
The options were granted under the Company's EMI share option
scheme.
Following the above grant, there are a total of 6,215,000
incentive share options granted over unissued Ordinary Shares
granted to Directors and PDMRs, representing 3.44% of the Company's
current issued Ordinary Share capital of 180,486,199 Ordinary
Shares.
Enquiries:
Forbidden Technologies plc
Ian McDonough, CEO
Jonathan Lees, Finance Director
Tel: +44 (0)20 8879 7245
Allenby Capital Limited (Nominated Adviser and Broker)
Nick Naylor
John Depasquale
Katrina Perez
Tel: +44 (0)20 3328 5656
About Forbidden Technologies plc
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk)
floated in February 2000.
Forbidden develops, markets and licenses a powerful cloud video
platform using our patented Blackbird technology. The technology
underpins multiple applications which are used by rights holders,
broadcasters, sports and news video specialists, post-production
houses, other mass market digital video channels and
corporations.
The Blackbird technology allows full visibility on
multi-location digital content, improves time to market for live
content such as video clips and highlights for social media
distribution, and results in much more effective monetisation.
Blackbird(R) is a registered trademark of Forbidden Technologies
plc.
Websites:
www.forbidden.co.uk
www.forscene.com
Social media:
https://www.linkedin.com/company/116180/
https://www.facebook.com/ForbiddenTechnologies
www.linkedin.com/company/forscene
www.facebook.com/FORscene
www.youtube.com/user/ForsceneTraining
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------------
a) Name Ian McDonough
--- -------------------------- -----------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------
a) Position/status Chief Executive Officer
--- -------------------------- -----------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------
a) Name Forbidden Technologies plc
--- -------------------------- -----------------------------------
b) LEI 2138006DWRVTIAVW3415
--- -------------------------- -----------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ---------------------------------------------------------------
a) Description of the Ordinary shares of 0.8p
financial instrument, each in Forbidden Technologies
type of instrument plc
Identification code Identification code (ISIN)
for Forbidden Technologies
plc ordinary shares: GB0004740477
--- -------------------------- -----------------------------------
b) Nature of the transaction Grant of options over ordinary
shares
--- -------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
4.0p 400,000
--------- ----------
--- -------------------------- -----------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- -------------------------- -----------------------------------
e) Date of the transaction 19 March 2018
--- -------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM
(FBT)
--- -------------------------- -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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