Business
Advance VCT and EIS assurance for fund raising
Advance VCT and EIS assurance for fund raising.
About this update from Blackbird Plc
[{"type":"text","content":"\n \nRNS Number : 6405H Forbidden Technologies PLC 24 June 2013 \n \n\n 24.06.13\n \nForbidden Technologies plc\n(\"Forbidden\" or the \"Company\")\n \nAdvance VCT and EIS assurance for fund raising\n \nForbidden Technologies (AIM: FBT), the AIM-quoted owner and developer of the market leading Cloud video platform, FORscene, announces that, in the light of the conditional Firm Placing and Open Offer to raise up to £9 million announced on 20 June 2013, the Company has now received assurance from HM Revenue and Customs that, on the basis of the information provided, the new Ordinary Shares will be eligible (subject to the circumstances of investors) for tax reliefs under EIS and for investment by VCTs.\n \nInformation about EIS and VCT is published in section 6 of Part 1 of the circular sent to shareholders last week.\n \n-Ends-\n \nFor more information, please visit www.forbidden.co.uk or contact:\nForbidden Technologies plc\nStephen Streater, CEO\nTel: +44 (0)20 8879 7245\n \nCenkos Securities plc, Nominated Adviser and Broker\nAdrian Hargrave, Corporate Finance\nAlex Aylen, Sales\nTel: +44 (0)20 7397 8900\n \nBishopsgate Communications\nNick Rome / Sam Allen / Matthew Low\nTel: +44 (0)20 7562 3350\[email protected]\n \nNotes for editors\n \nAbout Forbidden Technologies\n \nForbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.\n \nThe Company develops and markets a powerful cloud video platform, FORscene, which is used by broadcasters, in professional web video, in education and by consumers. FORscen...