FastForward Innovations Limited Director Dealing (5404Y)

TIDMFFWD

RNS Number : 5404Y

FastForward Innovations Limited

22 August 2018

For Immediate Release

22 August 2018

FastForward Innovations Limited

("FastForward" or the "Company")

Director Dealing

FastFoward announces that CEO, Lorne Abony, has today gifted 1,151,288 Ordinary Shares of 1p each in the Company ("Ordinary Shares") to a Texan based charity (the "Gift"). The Gift, completed at the mid-market price today of 12.375p per Ordinary Share, reduces Mr Abony's holding in FastForward to 14,843,300 Ordinary Shares representing 9.19% of the Company's issued share capital.

For further information on the Company please visit www.fstfwd.co or contact:

 
FastForward Innovations Limited 
 [e-mail] 
 Sue Saunders / Ian Burns/Ed McDermott 
Beaumont Cornish Limited (Nomad) 
 James Biddle / Roland Cornish 
 Tel: [phone] 
Optiva Securities Limited (Broker) 
 Jeremy King Tel: [phone] 
 

DISCLAIMER

Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as Nominated adviser to FastForward Innovations Limited and no one else in connection with the Placing and will not be responsible to anyone other than FastForward Innovations Limited for providing the protections afforded to clients of Beaumont Cornish Limited nor for providing advice in relation to the Placing. Neither Beaumont Cornish Limited nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Beaumont Cornish Limited in connection with this Announcement, any statement contained herein, or otherwise.

CAUTIONARY STATEMENT

The AIM Market of London Stock Exchange plc does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding potential values, the future plans and objectives of FastForward Innovations Limited. There can be no assurance that such statements will prove to be accurate, achievable or recognisable in the near term.

Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. FastForward Innovations Limited assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

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:                                 Lorne Abony 
     ------------------------------------  --------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                      Chief Executive Officer 
     ------------------------------------  --------------------------------- 
 b)   Initial notification/Amendment: 
     ------------------------------------  --------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name:                                 FastForward Innovations Limited 
     ------------------------------------  --------------------------------- 
 b)   LEI:                                  213800KV6ETTB1BRZ435 
     ------------------------------------  --------------------------------- 
 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 1p par value 
       instrument, type of instrument: 
       Identification code: 
     ------------------------------------  --------------------------------- 
 b)   Nature of the transaction:            Gift of Ordinary Shares 
     ------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s):                 Price(s)    Volume(s) 
                                               12.375 
                                                pence      1,151,288 
                                                          ---------- 
     ------------------------------------  --------------------------------- 
 d)   Aggregated information:                 Price(s)    Volume(s) 
                                               12.375 
                                                pence      1,151,288 
     ------------------------------------  --------------------------------- 
 e)   Date of the transaction:              21 August 2018 
     ------------------------------------  --------------------------------- 
 f)   Place of the transaction:             London Stock Exchange, AIM 
     ------------------------------------  --------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

DSHDLLBLVVFBBBL

(END) Dow Jones Newswires

August 22, 2018 03:08 ET (07:08 GMT)