Forbidden Technologies PLC Grant of Share Options (8270Q)

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RNS Number : 8270Q

Forbidden Technologies PLC

15 September 2017

15 September 2017

Forbidden Technologies plc

("Forbidden" or the "Company")

Grant of Share Options

Forbidden Technologies plc (AIM: FBT) announces that today options over the Company's ordinary shares of 0.8p were granted to the directors listed below:

 
 Name             Title              Number of   Exercise   Number of options 
                                      options       price     held post grant 
---------------  -----------------  ----------  ---------  ------------------ 
                  Chief Executive 
 Ian McDonough     Officer           2,000,000     5.375p       2,000,000 
---------------  -----------------  ----------  ---------  ------------------ 
 

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

Following the above grant, there are a total of 5,815,000 incentive share options granted over unissued Ordinary Shares granted to Directors and PDMRs, representing 3.22% 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                              Ian McDonough 
---  --------------------------------  ------------------------------------------ 
 2    Reason for the notification 
---  ---------------------------------------------------------------------------- 
 a)   Position/status                   Chief Executive Officer 
---  --------------------------------  ------------------------------------------ 
 b)   Initial notification /Amendment   Initial notification 
---  --------------------------------  ------------------------------------------ 
 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 financial      Ordinary shares of 0.8p each in 
       instrument, type of instrument    Forbidden Technologies 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) 
                                          ---------  ---------- 
                                           5.375p     2,000,000 
                                          ---------  ---------- 
---  --------------------------------  ------------------------------------------ 
 d)   Aggregated information            N/A 
       - Aggregated volume 
       - Price 
---  --------------------------------  ------------------------------------------ 
 e)   Date of the transaction           15 September 2017 
---  --------------------------------  ------------------------------------------ 
 f)   Place of the transaction          London Stock Exchange, AIM (FBT) 
---  --------------------------------  ------------------------------------------ 
 

Enquiries:

Forbidden Technologies plc

David Main, Chairman

Jonathan Lees, Finance Director

Tel: [phone]

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Richard Short

Katrina Perez

Tel: [phone]

Redleaf Communications (Financial PR Adviser)

David Ison

Elisabeth Cowell

Tel: [phone]

Email: [e-mail]

About Forbidden Technologies plc

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

The Company develops, markets and licenses 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 helps provide customers visibility on all their content and more effectively monetise their content, including improving their time to market for live digital content such as clips and highlights packages for social media.

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

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(END) Dow Jones Newswires

September 15, 2017 02:30 ET (06:30 GMT)