6 Aug 2012 07:00
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06.08.12
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Forbidden Technologies plc
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("Forbidden" or the "Company")
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Exercise of option
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Forbidden Technologies plc (AIM:FBT), the AIM quoted owner and developer of the FORscene cloud video platform, announces that on 3 August, 2012 an employee exercised an option over 156,250 new ordinary shares in the Company granted under the Company's unapproved option scheme at an exercise price of 21.5p each.
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The Company has allotted these new ordinary shares. Application will be made for the new shares to be admitted to trading on AIM, and Admission is expected to take place on 09 August, 2012.
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Following the issue of the new shares, the Company's enlarged issued share capital will consist of 86,892,000 ordinary shares of 0.8 pence per share.
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-Ends-
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About Forbidden Technologies
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Forbidden Technologies plc (AIM:FBT, www.forbidden.co.uk) floated in February 2000.
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The Company develops and markets a powerful internet video platform, FORscene, which is used by broadcasters, in professional web video, in education and by consumers. FORscene is one of the world's most advanced browser-based and mobile applications, operating in the cloud.
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For more information, please visitΒ www.forbidden.co.ukΒ or contact:
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Forbidden Technologies plc
Stephen Streater, CEO
Tel: +44 (0)20 8879 7245
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N+1 Brewin
Aubrey Powell, Nominated Adviser
Derrick Lee, Corporate Finance
Tel: +44 (0)20 3201 3170
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Cenkos Securities plc, Broker
Adrian Hargrave, Corporate Finance
Alex Aylen, Sales
Tel: +44 (0)20 7397 8900
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Bishopsgate Communications
Nick Rome / Sam Allen
Tel: +44 (0)20 7562 3350
forbidden@bishopsgatecommunications.comΒ
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