Share Name Share Symbol Market Type Share ISIN Share Description
Forbidden Tech. LSE:FBT London Ordinary Share GB0004740477 ORD 0.8P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.375p +6.12% 6.50p 6.25p 6.75p 6.50p 6.125p 6.125p 408,323 15:31:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 0.8 -2.4 -1.6 - 11.73

Forbidden Technologies PLC Board change and notice of preliminary results

22/02/2017 2:35pm

UK Regulatory (RNS & others)

Forbidden Tech. (LSE:FBT)
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RNS Number : 5819X

Forbidden Technologies PLC

22 February 2017

Forbidden Technologies plc ("Forbidden Technologies" or the "Company")

Board change and notice of preliminary results

Board changes

The board of Forbidden Technologies announces that Aziz Musa, the Company's Chief Executive Officer, has resigned with immediate effect. Aziz has resigned for personal reasons.

The board would like to thank Aziz for all his hard work since he joined the Company and wish him well for the future.

David Main, the Company's Chairman will, on a short term basis, be taking on the CEO's responsibilities whilst the search for a new full time CEO. David will be supported by the Company's Finance Director, Jonathan Lees, who will become the Company's Chief Operating Officer on a temporary basis and Stephen Streater, the Company's founder and Head of R&D and Support.

Further announcements will be made in due course.

Notice of preliminary results

The Company announces that it will be announcing its preliminary results for the year ended 31 December 2016 on 13 March 2017.


Forbidden Technologies plc Tel: +44 (0)20 8879 7245

David Main, Chairman

Jonathan Lees, Finance Director

   Allenby Capital Limited (Nominated Adviser and Broker)            Tel: +44 (0)20 3328 5656 

Nick Naylor, John Depasquale, Richard Short

Redleaf Communications (Financial PR) Tel: +44 (0)20 7382 4730

Rebecca Sanders-Hewett, David Ison, Susie Hudson


About Forbidden Technologies plc

Forbidden Technologies plc (AIM: FBT, floated in February 2000.

The Company develops and markets a powerful cloud video platform with multiple applications which can be used by rights holders, broadcasters, sports and news video specialists, post-production houses, other mass market digital video channels, corporates and consumers. The platform applications help customers improve their time to market on time sensitive content, and efficiently exploit the full value of their content.


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This information is provided by RNS

The company news service from the London Stock Exchange



(END) Dow Jones Newswires

February 22, 2017 09:35 ET (14:35 GMT)

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