Last checked at 15 Sep 2017 07:30
15 September 2017
Forbidden Technologies plc
("Forbidden" or the "Company")
Grant of Share Options
Forbidden Technologies plc (AIM: FBT) announces that today options over the Company's ordinary shares of 0.8p were granted to the directors listed below:
Name | Title | Number of options | Exercise price | Number of options held post grant |
Ian McDonough | Chief Executive Officer | 2,000,000 | 5.375p | 2,000,000 |
The options were granted under the Company's EMI share option scheme.
Following the above grant, there are a total of 5,815,000 incentive share options granted over unissued Ordinary Shares granted to Directors and PDMRs, representing 3.22% of the Company's current issued Ordinary Share capital of 180,486,199 Ordinary Shares.
Details of the Options granted to the following Directors and persons who discharge managerial responsibilities ("PDMRs") today are set out below:
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 | N/A | ||||
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 | 15 September 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (FBT) | ||||
Enquiries:
Forbidden Technologies plc
David Main, Chairman
Jonathan Lees, Finance Director
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)
David Ison
Elisabeth Cowell
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, markets and licenses a powerful cloud video platform, with multiple applications, which can be used by rights holders, broadcasters, sports and news video specialists, post-production houses, other mass market digital video channels, corporates and consumers. The platform helps provide customers visibility on all their content and more effectively monetise their content, including improving their time to market for live digital content such as clips and highlights packages for social media.
Websites:
www.forbidden.co.uk
www.forscene.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