Forbidden Technologies PLC Result of AGM & Update re Change of Name (3965Y)

TIDMFBT

RNS Number : 3965Y

Forbidden Technologies PLC

08 May 2019

8 May 2019

FORBIDDEN TECHNOLOGIES PLC

("Forbidden" or the "Company")

Result of Annual General Meeting and Update re Change of Name

Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, announces that at the Company's Annual General Meeting, held earlier today, the following resolutions were duly passed on a show of hands with the following table summarising proxy votes:

 
                                           NO OF       %      NO OF      %              TOTAL       NO OF 
                                           VOTES              VOTES                     VOTES       VOTES 
                                             FOR            AGAINST           CAST (EXCLUDING    WITHHELD 
                                                                                        VOTES 
                                                                                    WITHHELD) 
 ORDINARY RESOLUTIONS 
 1. To adopt the Company's 
  annual accounts for 
  the year ended 31 December 
  2018                               172,962,440   99.99     12,542   0.01        172,974,982      11,500 
 2. To re-appoint Kingston 
  Smith LLP as auditors 
  of the Company                     172,951,440   99.99     23,542   0.01        172,974,982      11,500 
                                    ------------  ------  ---------  -----  -----------------  ---------- 
 3. To re-appoint Stephen 
  White as a director                172,800,884   99.89    184,098   0.11        172,984,982       1,500 
                                    ------------  ------  ---------  -----  -----------------  ---------- 
 4. To re-appoint James 
  Irving as a director               172,800,884   99.89    184,098   0.11        172,984,982       1,500 
                                    ------------  ------  ---------  -----  -----------------  ---------- 
 5. To authorise the 
  directors to allot 
  shares in the Company              172,741,359   99.86    233,623   0.14        172,974,982      11,500 
                                    ------------  ------  ---------  -----  -----------------  ---------- 
 SPECIAL RESOLUTIONS 
 6. To disapply pre-emption 
  rights in limited circumstances    172,741,359   99.86    233,623   0.14        172,974,982      11,500 
 7. To approve the change 
  of the Company's name 
  to Blackbird plc                   172,762,659   99.87    220,323   0.13        172,982,982       3,500 
                                    ------------  ------  ---------  -----  -----------------  ---------- 
 8. To approve the adoption 
  of the New Incentive 
  Plan                               172,748,859   99.87    225,323   0.13        172,974,182      12,300 
                                    ------------  ------  ---------  -----  -----------------  ---------- 
 

Change of name

The Company confirms that further to the announcement of 15 April 2019 and pursuant to Resolution 7 passed at the AGM earlier, it will, with effect from 15 May 2019, change its name to Blackbird plc.

Trading in the Company's shares under the new name will commence at 8.00 am on 15 May 2019. The Company's ticker symbol (TIDM) will change to 'BIRD'. From 8.00 am on 15 May 2019, the Company's website can be found at www.blackbird.video, where the information required pursuant to AIM Rule 26 can be viewed.

Shareholdings will be unaffected by the change of name and existing share certificates should be retained as they will remain valid for all purposes. Any new share certificates issued will bear the new name.

Contacts:

 
 Forbidden Technologies plc               Tel: +44 (0)20 
                                           8879 7245 
 Ian McDonough, Chief Executive Officer 
 Adrian Lambert, Marketing Director 
 
 Allenby Capital Limited (Nominated       Tel: +44 (0)20 
  Adviser and Broker)                      3328 5656 
 Nick Naylor 
 Nicholas Chambers 
 
 Yellow Jersey (Financial PR)             Tel: +44 (0)776 
                                          932 5254 
 Joe Burgess 
 Felicity Winkles 
 

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 its patented Blackbird technology. The technology underpins multiple applications, which are used by rights holders, broadcasters, sports and news video specialists, eSports live events and content owners, 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.blackbird.video

www.forbidden.co.uk

Social media

www.linkedin.com/company/forbidden

www.twitter.com/forbiddentech

www.facebook.com/ForbiddenTechnologies/

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May 08, 2019 08:00 ET (12:00 GMT)