14 Sep 2017 13:00
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)
14 September 2017
Forbidden Technologies plc
("Forbidden" or the "Company")
Director/PDMR Shareholding
Forbidden Technologies plc (AIM: FBT) announces that it has received notification that Ian McDonough, Chief Executive Officer of the Company, has today purchased 762,862 ordinary shares of 0.8 pence each in the Company ("Ordinary Shares") at a price of 5.24 pence per Ordinary Share.
Following the above purchase, Mr McDonough has a total beneficial holding of 762,862 Ordinary Shares, representing approximately 0.42 per cent. of the Company's issued share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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 | Director, 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 | Purchase of Ordinary Shares
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A | ||||
e) | Date of the transaction | 14 September 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM (FBT) | ||||
Enquiries:
Forbidden Technologies plc
David Main, Chairman
Jonathan Lees, Chief Financial Officer
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
Sam Modlin
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
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