Last checked at 8 May 2019 13:00
8 May 2019
FORBIDDEN TECHNOLOGIES PLC
("Forbidden" or the "Company")
Result of Annual General Meeting and Update re Change of Name
Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, announces that at the Company's Annual General Meeting, held earlier today, the following resolutions were duly passed on a show of hands with the following table summarising proxy votes:
NO OF VOTES FOR | % | NO OF VOTES AGAINST | % | TOTAL VOTES CAST (EXCLUDING VOTES WITHHELD) | NO OF VOTES WITHHELD | |
ORDINARY RESOLUTIONS | ||||||
1. To adopt the Company's annual accounts for the year ended 31 December 2018 | 172,962,440 | 99.99 | 12,542 | 0.01 | 172,974,982 | 11,500 |
2. To re-appoint Kingston Smith LLP as auditors of the Company | 172,951,440 | 99.99 | 23,542 | 0.01 | 172,974,982 | 11,500 |
3. To re-appoint Stephen White as a director | 172,800,884 | 99.89 | 184,098 | 0.11 | 172,984,982 | 1,500 |
4. To re-appoint James Irving as a director | 172,800,884 | 99.89 | 184,098 | 0.11 | 172,984,982 | 1,500 |
5. To authorise the directors to allot shares in the Company | 172,741,359 | 99.86 | 233,623 | 0.14 | 172,974,982 | 11,500 |
SPECIAL RESOLUTIONS | ||||||
6. To disapply pre-emption rights in limited circumstances | 172,741,359 | 99.86 | 233,623 | 0.14 | 172,974,982 | 11,500 |
7. To approve the change of the Company's name to Blackbird plc | 172,762,659 | 99.87 | 220,323 | 0.13 | 172,982,982 | 3,500 |
8. To approve the adoption of the New Incentive Plan | 172,748,859 | 99.87 | 225,323 | 0.13 | 172,974,182 | 12,300 |
Change of name
The Company confirms that further to the announcement of 15 April 2019 and pursuant to Resolution 7 passed at the AGM earlier, it will, with effect from 15 May 2019, change its name to Blackbird plc.
Trading in the Company's shares under the new name will commence at 8.00 am on 15 May 2019. The Company's ticker symbol (TIDM) will change to 'BIRD'. From 8.00 am on 15 May 2019, the Company's website can be found at www.blackbird.video, where the information required pursuant to AIM Rule 26 can be viewed.
Shareholdings will be unaffected by the change of name and existing share certificates should be retained as they will remain valid for all purposes. Any new share certificates issued will bear the new name.
Contacts:
Forbidden Technologies plc | Tel: +44 (0)20 8879 7245 | |
Ian McDonough, Chief Executive Officer | ||
Adrian Lambert, Marketing Director | ||
Allenby Capital Limited (Nominated Adviser and Broker) | Tel: +44 (0)20 3328 5656 | |
Nick Naylor | ||
Nicholas Chambers | ||
Yellow Jersey (Financial PR) | Tel: +44 (0)776 932 5254 | |
Joe Burgess |
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Felicity Winkles |
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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 its patented Blackbird technology. The technology underpins multiple applications, which are used by rights holders, broadcasters, sports and news video specialists, eSports live events and content owners, 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.blackbird.video
www.forbidden.co.uk
Social media
www.linkedin.com/company/forbiddenwww.twitter.com/forbiddentechwww.facebook.com/ForbiddenTechnologies/