Business
Exercise of Options
Exercise of Options.
About this update from Blackbird Plc
[{"type":"text","content":"\n \nRNS Number : 0474S Forbidden Technologies PLC 14 March 2016 \n\n14 March 2016\n \nForbidden Technologies plc\n(\"Forbidden\" or the \"Company\")\n \nExercise of Options\nForbidden Technologies plc (AIM: FBT), the AIM-quoted owner and developer of Forscene (the market-leading cloud video platform), Captevate (the consumer video editor), and eva (the video social network), has been notified by Vic Steel, the former Chairman of the Company, that on 14 March 2016 he exercised his option to purchase 100,000 ordinary shares of 0.8p each in the Company (\"Ordinary Shares\"). Mr Steel has indicated to the Company that he intends to hold these shares and not sell them. \nThe exercise price was 8.5 pence per Ordinary Share. The Company has applied for the Ordinary Shares to be admitted to trading on AIM (\"Admission\") and it is expected that Admission will occur on 18th March 2016. The Ordinary Shares rank parri passu with the existing ordinary shares in the Company.\nFollowing this transaction, the beneficial shareholding of Mr Steel is 1,199,500 ordinary shares, representing 0.91% of the ordinary shares in issue. \nFollowing admission, the issued share capital of the Company will comprise 131,914,778 ordinary shares of 0.8 pence each, each with equal voting rights. The Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares and voting rights in the Company is 131,914,778.\nThe above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. \n \nEnquiries:\nForbidden Technologies plc \nStephen Streater, Chairman\nAziz Musa, Chief Executive\nTel: +44 (0)20 8879 7245\n \nAllenby Capital Limited (Nominated Adviser and Broker)\nNick Naylor\nJohn Depasquale\nRichard Short\nKatrina Perez\nTel: +44 (0)20 3328 5656\n \nRedleaf Communications (Financial PR Adviser)\nRebecca Sanders-Hewett\nDavid Ison\nSusie Hudson\nTel: +44 (0)20 7382 4730\nEmail: [email protected]\n \nAbout Forbidden Technologies plc \nForbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.\nThe Company develops and mark...