Forbidden Technologies PLC Director/PDMR Shareholding (3630I)

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RNS Number : 3630I

Forbidden Technologies PLC

21 March 2018

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

21 March 2018

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 purchased on 20 March 2018 200,000 ordinary shares of 0.8 pence each in the Company ("Ordinary Shares") at a price of 4.25 pence per Ordinary Share and 300,000 ordinary shares of 0.8 pence each in the Company ("Ordinary Shares") at a price of 5.00 pence per Ordinary Share.

Following the above purchase, Mr McDonough has a total beneficial holding of 1,262,862 Ordinary Shares, representing approximately 0.7 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                         2138006DWRVTIAVW3415 
---  --------------------------  ----------------------------------- 
 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) 
                                    ---------  ---------- 
                                     4.25p      200,000 
                                      5.00p      300,000 
                                    ---------  ---------- 
---  --------------------------  ----------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
---  --------------------------  ----------------------------------- 
 e)   Date of the transaction     20 March 2018 
---  --------------------------  ----------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
                                   (FBT) 
---  --------------------------  ----------------------------------- 
 

Enquiries:

Forbidden Technologies plc

Ian McDonough, CEO

Jonathan Lees, Finance Director

Tel: [phone]

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Katrina Perez

Tel: [phone]

About Forbidden Technologies plc

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

Forbidden develops, markets and licenses a powerful cloud video platform using our patented Blackbird technology. The technology underpins multiple applications which are used by rights holders, broadcasters, sports and news video specialists, post-production houses, other mass market digital video channels and corporations.

The Blackbird technology allows full visibility on multi-location digital content, improves time to market for live content such as video clips and highlights for social media distribution, and results in much more effective monetisation.

Blackbird(R) is a registered trademark of Forbidden Technologies plc.

Websites:

www.forbidden.co.uk

www.forscene.com

Social media:

https://www.linkedin.com/company/116180/

https://www.facebook.com/ForbiddenTechnologies

www.linkedin.com/company/forscene

www.facebook.com/FORscene

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

March 21, 2018 03:01 ET (07:01 GMT)