DIRECTOR DEALINGS: Forbidden Technologies Boss McDonough Buys Shares

Wed, 21st Mar 2018 10:17

LONDON (Alliance News) - Forbidden Technologies PLC said Wednesday Chief Executive Officer Ian McDonough acquired shares worth GBP23,500 in the video platform technology firm in a pair of transactions on Tuesday.

McDonough - who became CEO in September 2017 - bought 200,000 shares at 4.25 pence each and a further 300,000 shares at 5.00p each.

Shares in Forbidden Technologies were 8.2% higher at 5.06p on Wednesday.

Last Thursday, Forbidden Technologies blamed disruption due to the lack of CEO after the departure of former CEO Aziz Musa in February 2017 on revenue dipping to GBP758,835 in 2017 from the GBP774,825 the year prior. Invoiced sales fell to GBP714,903 compared to GBP1.0 million in 2016.

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