Last checked at 28 Jun 2018 12:15
28 June 2018
Forbidden Technologies plc
("Forbidden" or the "Company")
Director/PDMR/PCA Shareholding
Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, has been notified of the following transactions:
On 26 June 2018, Ian McDonough, CEO of the Company and family; Stephen Streater, Director of the Company, and David Main, Chairman of the Company and his wife, made the following purchases of Ordinary Shares in connection with the Placing announced on 4 June 2018.
Ian McDonough and his wife Syarifah Aidid together purchased 1,000,000 Ordinary Shares at a price of 5 pence per share and upon Admission will hold a total beneficial interest in 2,262,862 Ordinary Shares, equivalent to 0.77 per cent. of the Company's ordinary share capital. In addition, Ian McDonough's extended family purchased 13,000,000 Ordinary Shares at a price of 5 pence per share and upon Admission will hold a total beneficial interest in 13,000,000 Ordinary Shares, equivalent to 4.40 per cent. of the Company's ordinary share capital.
Together, the McDonough family have purchased 14,000,000 Ordinary Shares at a price of 5 pence per share and upon Admission will hold a total beneficial interest in 15,262,862 Ordinary Shares, equivalent to 5.17 per cent. of the Company's ordinary share capital.
Stephen Streater purchased 500,000 Ordinary Shares at a price of 5 pence per share and upon Admission will hold a total beneficial interest in 64,485,714 Ordinary Shares, equivalent to 21.82 per cent. of the Company's ordinary share capital.
David Main and his wife Jacqueline Main together purchased 500,000 Ordinary Shares at a price of 5 pence per share and upon Admission will hold a total beneficial interest in 1,035,714 Ordinary Shares, equivalent to 0.35 per cent. of the Company's ordinary share capital.
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 instrument, type of instrument Identification code | Ordinary shares of 0.8p each in Forbidden Technologies plc
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) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transactions | 26 June 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (FBT) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Syarifah Aidid | ||||
2 | Reason for the notification | |||||
a) | Position/status | PCA of Ian McDonough, 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 instrument, type of instrument Identification code | Ordinary shares of 0.8p each in Forbidden Technologies plc
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) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transactions | 26 June 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (FBT) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Stephen Streater | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director | ||||
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 instrument, type of instrument Identification code | Ordinary shares of 0.8p each in Forbidden Technologies plc
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) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transactions | 26 June 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (FBT) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | David Main | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chairman | ||||
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 instrument, type of instrument Identification code | Ordinary shares of 0.8p each in Forbidden Technologies plc
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) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transactions | 26 June 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (FBT) | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Jacqueline Main | ||||
2 | Reason for the notification | |||||
a) | Position/status | PCA of David Main, Chairman | ||||
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 instrument, type of instrument Identification code | Ordinary shares of 0.8p each in Forbidden Technologies plc
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) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transactions | 26 June 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
Jonathan Lees, Finance Director
Tel: +44 (0)20 8879 7245
Allenby Capital Limited (Nominated Adviser and Broker)
Nick Naylor
John Depasquale
Nicholas Chambers
Tel: +44 (0)20 3328 5656
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® is a registered trademark of Forbidden Technologies plc.
Websites:
www.forbidden.co.uk
www.blackbird.video