Last checked at 19 Mar 2018 14:38
19 March 2018
Forbidden Technologies plc
("Forbidden" or the "Company")
Grant of Share Options
Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, announces that on 19 March 2018 options over the Company's ordinary shares of 0.8p were granted to Ian McDonough as part of an employee-wide share option grant over 2,675,000 unissued Ordinary Shares:
Name | Title | Number of options | Exercise price | Number of options held post grant |
Ian McDonough | Chief Executive Officer | 400,000 | 4.0p | 2,400,000 |
The options were granted under the Company's EMI share option scheme.
Following the above grant, there are a total of 6,215,000 incentive share options granted over unissued Ordinary Shares granted to Directors and PDMRs, representing 3.44% of the Company's current issued Ordinary Share capital of 180,486,199 Ordinary Shares.
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
Katrina Perez
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.forscene.com
Social media:
https://www.linkedin.com/company/116180/https://www.facebook.com/ForbiddenTechnologies
www.linkedin.com/company/forscenewww.facebook.com/FORscenewww.youtube.com/user/ForsceneTraining
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 | Grant of options over ordinary shares
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 19 March 2018 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (FBT) | ||||