Forbidden Technologies PLC Grant of Share Options (1756I)

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RNS Number : 1756I

Forbidden Technologies PLC

19 March 2018

19 March 2018

Forbidden Technologies plc

("Forbidden" or the "Company")

Grant of Share Options

Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, announces that on 19 March 2018 options over the Company's ordinary shares of 0.8p were granted to Ian McDonough as part of an employee-wide share option grant over 2,675,000 unissued Ordinary Shares:

 
 Name             Title              Number        Exercise   Number of options 
                                      of options      price     held post grant 
---------------  -----------------  ------------  ---------  ------------------ 
                  Chief Executive 
 Ian McDonough     Officer           400,000           4.0p           2,400,000 
---------------  -----------------  ------------  ---------  ------------------ 
 

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

Following the above grant, there are a total of 6,215,000 incentive share options granted over unissued Ordinary Shares granted to Directors and PDMRs, representing 3.44% of the Company's current issued Ordinary Share capital of 180,486,199 Ordinary Shares.

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

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        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   Grant of options over ordinary 
                                   shares 
---  --------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                    ---------  ---------- 
                                     4.0p       400,000 
                                    ---------  ---------- 
---  --------------------------  ----------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
---  --------------------------  ----------------------------------- 
 e)   Date of the transaction     19 March 2018 
---  --------------------------  ----------------------------------- 
 f)   Place of the transaction    London Stock Exchange, AIM 
                                   (FBT) 
---  --------------------------  ----------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 19, 2018 10:38 ET (14:38 GMT)