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Directorate Changes

6 May 2016 12:44

RNS Number : 5325X
Forbidden Technologies PLC
06 May 2016
 

6 May 2016

Forbidden Technologies plc 

("Forbidden" or the "Company")

 

Directorate Changes

Forbidden Technologies plc (AIM: FBT), the AIM-quoted owner and developer of Forscene (the market-leading cloud video platform), Captevate (the consumer video editor), and eva (the video social network), is pleased to announce the following changes to its Board. David Main, currently a non-executive director, becomes the Company's non-executive Chairman. Stephen Streater, the Company's founder and current Executive Chairman, becomes Director of R&D, executive director responsible for the Company's research and development activities. These changes are with immediate effect.

 

Commenting on his new role, David Main, Chairman of Forbidden Technologies plc said:

"I am pleased to take on the further responsibilities as Chairman of Forbidden. This is an exciting time for the Company given in the last year it has generated real momentum behind the commercial growth of Forscene and launched both eva and Captevate. The prime focus is to drive the commercial success of our video solutions and I look forward to working closely with Aziz, Stephen and the team, helping spearhead our growth in the years to come."

 

Stephen, Founder and Director of R&D, added:

"As Chairman, I was able to support Aziz in his new role as CEO. Now Aziz has established himself and is demonstrating his success daily, and with David agreeing to become our Chairman, I can focus again on my core area of interest - maintaining our leadership in video technology solutions."

 

The Company is also in the process of concluding a placing to further drive sales traction. Noting the share price increase since the announcement made on 4 May 2016 the placing price will, as a result, be at a substantial discount to the current market price. A further announcement will be made shortly.

 

Enquiries:

 

Forbidden Technologies plc

David Main, Chairman

Aziz Musa, Chief Executive

Tel: +44 (0)20 8879 7245

 

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Richard Short

Katrina Perez

Tel: +44 (0)20 3328 5656

 

Redleaf Communications (Financial PR Adviser)

Rebecca Sanders-Hewett

David Ison

Susie Hudson

Tel: +44 (0)20 7382 4730

Email: forbidden@redleafpr.com

 

About Forbidden Technologies plc

 

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

 

The Company develops and markets a powerful cloud video platform, which is used by broadcasters, in professional web video, in education and by consumers. The Company platform is one of the world's most advanced browser-based and mobile platforms, which underpins Forscene in professional markets, its eva video social network and its new consumer video editor, Captevate.

 

Websites:

www.forbidden.co.uk

www.forscene.com

www.eva.co

www.captevate.com

 

Social media:

www.facebook.com/FORscene

www.plus.google.com/+Forscenepro/posts

www.linkedin.com/company/forscene

www.twitter.com/forscenepro

www.youtube.com/user/ForsceneTraining

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
BOALLFSLELIRIIR
Date   Source Headline
28th Jul 201611:27 amRNSRelated Party Transaction
4th Jul 20167:00 amRNSForbidden mobile upload app launched
30th Jun 20167:00 amRNSTotal Voting Rights
29th Jun 20167:00 amRNSForscene - first Middle Eastern production
10th Jun 201612:15 pmRNSHolding(s) in Company
8th Jun 20167:00 amRNSGrant of Share Options
6th Jun 20161:55 pmRNSResults of GM and AGM
6th Jun 20167:00 amRNSGM Statement
31st May 20161:45 pmRNSTotal Voting Rights
25th May 20167:00 amRNSNew eva channel deal
20th May 201612:43 pmRNSHolding(s) in Company
9th May 20167:00 amRNSPlacing, Notice of GM, AGM & Board Changes
6th May 201612:44 pmRNSDirectorate Changes
4th May 20167:00 amRNSPaid Proof of Concept with Broadcaster
3rd May 20167:00 amRNSNew sporting events using Forscene
31st Mar 20165:30 pmRNSTotal Voting Rights
30th Mar 20167:00 amRNSFirst Captevate Customers
16th Mar 20167:00 amRNSAgreement with Microsoft
14th Mar 20164:14 pmRNSExercise of Options
11th Mar 20167:00 amRNSFirst South African public sector sale
8th Mar 20167:00 amRNSPreliminary Results
1st Mar 20167:00 amRNSAgreement with IMG Media
29th Feb 20167:00 amRNSNotice of Results
4th Feb 20167:00 amRNSFirst paid eva channel
20th Jan 20167:00 amRNSOperational update
15th Jan 20167:00 amRNSABC Network affiliates adopt Forscene
16th Dec 20157:00 amRNSNew eva channel
7th Dec 20157:00 amRNSChange of Adviser
2nd Dec 20157:00 amRNSClimate Change Summit
1st Dec 20157:00 amRNSDirector Change of Information
26th Nov 20157:00 amRNSUS Client Win
19th Nov 20157:00 amRNSGrant of Share Options
17th Nov 20157:00 amRNSDirectorate Change
9th Nov 20157:22 amRNSeva's first branded channel partnership
4th Nov 20157:00 amRNSNew US Agreement
2nd Nov 20157:00 amRNSDirectorate Change
6th Oct 20157:00 amRNSDirectorate Changes
3rd Sep 20157:00 amRNSInterim Results
27th Aug 20157:01 amRNSNotice of Results
5th Aug 20157:00 amRNSNew Video Codec
14th Jul 20157:00 amRNSeva available for download on iOS
9th Jul 20157:00 amRNSeva Launch
30th Jun 201512:28 pmRNSPosting of Annual Financial Report
26th Jun 20157:00 amRNSGrant of Share Options
8th Jun 20153:29 pmRNSResult of AGM
8th Jun 20157:00 amRNSAGM Statement
1st Jun 20157:00 amRNSBoard Changes
12th May 20157:01 amRNSGrant of Share Options
11th May 20157:00 amRNSNew Sports Post Production Agreement
5th May 20157:01 amRNSConsumer video editor named 'Captevate'

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