Forbidden Technologies PLC Director/PDMR Shareholding (9446I)

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RNS Number : 9446I

Forbidden Technologies PLC

29 November 2018

29 November 2018

Forbidden Technologies plc

("Forbidden" or the "Company")

Director/PDMR Shareholding

Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, has been notified that on 29 November 2018, Ian McDonough, the Company's Chief Executive Officer and a person discharging managerial responsibilities (PDMR), purchased 800,000 Ordinary Shares at a price of 6.2 pence per share and now holds a total beneficial interest in 3,062,862 Ordinary Shares, equivalent to 1.04 per cent. of the Company's ordinary share capital.

This notification is made in accordance with the requirements of the EU Market Abuse Regulation. The FCA notifications, made in accordance with the requirements of the EU Market Abuse Regulation, are appended further 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                               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 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         Purchase of Ordinary Shares 
     --------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)   Volume(s) 
                                           6.2p       800,000 
                                                     ---------- 
     --------------------------------  ------------------------------------------ 
 d)   Aggregated information            N/A 
       - Aggregated volume 
       - Price 
     --------------------------------  ------------------------------------------ 
 e)   Date of the transactions          29 November 2018 
     --------------------------------  ------------------------------------------ 
 f)   Place of the transaction          London Stock Exchange, AIM (FBT) 
     --------------------------------  ------------------------------------------ 
 

The information set out in this announcement is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

Enquiries:

Forbidden Technologies plc

Ian McDonough, CEO

Tel: [phone]

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Nicholas Chambers

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 which results in improved monetisation of video content.

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

Websites:

www.forbidden.co.uk

www.blackbird.video

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.

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(END) Dow Jones Newswires

November 29, 2018 08:49 ET (13:49 GMT)