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
  +0.00p +0.00% 5.75p 5.50p 6.00p 5.75p 5.75p 5.75p 596,228 07:45:48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 0.8 -2.4 -1.6 - 10.38

Forbidden Technologies PLC Grant of Share Options

03/04/2017 7:01am

UK Regulatory (RNS & others)


Forbidden Tech. (LSE:FBT)
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6 Months : From Jan 2017 to Jul 2017

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RNS Number : 2621B

Forbidden Technologies PLC

03 April 2017

3 April 2017

Forbidden Technologies plc

("Forbidden" or the "Company")

Grant of Share Options

Forbidden Technologies plc (AIM: FBT), the AIM-quoted owner and developer of Forscene (the market-leading cloud video platform) announces that on 31 March 2017 options over the Company's ordinary shares of 0.8p were granted to the directors listed below:

 
 Name              Title              Number        Exercise   Number of options 
                                       of options      price     held post grant 
----------------  -----------------  ------------  ---------  ------------------ 
                   Non-Executive 
 David Main         Chairman          500,000           6.0p           1,445,000 
----------------  -----------------  ------------  ---------  ------------------ 
                   Non-Executive 
 Andrew Bentley     Director          200,000           6.0p             400,000 
----------------  -----------------  ------------  ---------  ------------------ 
                   Non-Executive 
 James Irving       Director          200,000           6.0p             400,000 
----------------  -----------------  ------------  ---------  ------------------ 
 Stephen           Chief Technical 
  Streater          Officer           250,000           6.0p             250,000 
----------------  -----------------  ------------  ---------  ------------------ 
 Jonathan          Chief Financial 
  Lees              Officer           250,000           6.0p           1,320,000 
----------------  -----------------  ------------  ---------  ------------------ 
 

The options were granted under the Company's EMI share option scheme.

Following the above grant, there are a total of 3,815,000 incentive share options granted over unissued Ordinary Shares granted to Directors and PDMRs, representing 2.11% of the Company's current issued Ordinary Share capital of 180,486,199 Ordinary Shares.

Details of the Options granted to the following Directors and persons who discharge managerial responsibilities ("PDMRs") today are set out below:

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                        David Main 
---  --------------------------  ----------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position/status             Non-Executive Chairman 
---  --------------------------  ----------------------------------- 
 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                         N/A 
---  --------------------------  ----------------------------------- 
 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) 
                                    ---------  ---------- 
                                     6.0p       500,000 
                                    ---------  ---------- 
---  --------------------------  ----------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
---  --------------------------  ----------------------------------- 
 e)   Date of the transaction     31 March 2017 
---  --------------------------  ----------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
                                   (FBT) 
---  --------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Name                        Andrew Bentley 
---  --------------------------  ----------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position/status             Non-Executive Director 
---  --------------------------  ----------------------------------- 
 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                         N/A 
---  --------------------------  ----------------------------------- 
 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) 
                                    ---------  ---------- 
                                     6.0p       200,000 
                                    ---------  ---------- 
---  --------------------------  ----------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
---  --------------------------  ----------------------------------- 
 e)   Date of the transaction     31 March 2017 
---  --------------------------  ----------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
                                   (FBT) 
---  --------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Name                        James Irving 
---  --------------------------  ----------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position/status             Non-Executive Director 
---  --------------------------  ----------------------------------- 
 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                         N/A 
---  --------------------------  ----------------------------------- 
 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) 
                                    ---------  ---------- 
                                     6.0p       200,000 
                                    ---------  ---------- 
---  --------------------------  ----------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
---  --------------------------  ----------------------------------- 
 e)   Date of the transaction     31 March 2017 
---  --------------------------  ----------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
                                   (FBT) 
---  --------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Name                        Stephen Streater 
---  --------------------------  ----------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position/status             Chief Technical 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                         N/A 
---  --------------------------  ----------------------------------- 
 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) 
                                    ---------  ---------- 
                                     6.0p       250,000 
                                    ---------  ---------- 
---  --------------------------  ----------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
---  --------------------------  ----------------------------------- 
 e)   Date of the transaction     31 March 2017 
---  --------------------------  ----------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
                                   (FBT) 
---  --------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------- 
 a)   Name                        Jonathan Lees 
---  --------------------------  ----------------------------------- 
 2    Reason for the notification 
---  --------------------------------------------------------------- 
 a)   Position/status             Chief Financial 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                         N/A 
---  --------------------------  ----------------------------------- 
 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) 
                                    ---------  ---------- 
                                     6.0p       250,000 
                                    ---------  ---------- 
---  --------------------------  ----------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
---  --------------------------  ----------------------------------- 
 e)   Date of the transaction     31 March 2017 
---  --------------------------  ----------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
                                   (FBT) 
---  --------------------------  ----------------------------------- 
 

Enquiries:

Forbidden Technologies plc

David Main, Chairman

Jonathan Lees, Chief Financial Officer

Tel: +44 (0)20 8879 7245

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Richard Short

Katrina Perez

Tel: +44 (0)20 3328 5656

Redleaf Communications (Financial PR Adviser)

Rebecca Sanders-Hewett

David Ison

Susie Hudson

Tel: +44 (0)20 7382 4730

Email: forbidden@redleafpr.com

About Forbidden Technologies plc

Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.

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.

Websites:

www.forbidden.co.uk

www.forscene.com

Social media:

www.facebook.com/FORscene

www.plus.google.com/+Forscenepro/posts

www.linkedin.com/company/forscene

www.twitter.com/forscenepro

www.youtube.com/user/ForsceneTraining

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHKMGFFVMNGNZM

(END) Dow Jones Newswires

April 03, 2017 02:01 ET (06:01 GMT)

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