Forbidden Technologies PLC Director/PDMR Shareholding (7832Q)

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RNS Number : 7832Q

Forbidden Technologies PLC

14 September 2017

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)

14 September 2017

Forbidden Technologies plc

("Forbidden" or the "Company")

Director/PDMR Shareholding

Forbidden Technologies plc (AIM: FBT) announces that it has received notification that Ian McDonough, Chief Executive Officer of the Company, has today purchased 762,862 ordinary shares of 0.8 pence each in the Company ("Ordinary Shares") at a price of 5.24 pence per Ordinary Share.

Following the above purchase, Mr McDonough has a total beneficial holding of 762,862 Ordinary Shares, representing approximately 0.42 per cent. of the Company's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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             Director, 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                         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   Purchase of Ordinary Shares 
---  --------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                    ---------  ---------- 
                                     5.24p      762,862 
                                    ---------  ---------- 
---  --------------------------  ----------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
---  --------------------------  ----------------------------------- 
 e)   Date of the transaction     14 September 2017 
---  --------------------------  ----------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
                                   (FBT) 
---  --------------------------  ----------------------------------- 
 

Enquiries:

Forbidden Technologies plc

David Main, Chairman

Jonathan Lees, Chief Financial Officer

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

Sam Modlin

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

END

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(END) Dow Jones Newswires

September 14, 2017 08:00 ET (12:00 GMT)