Business
Loan Repayment
Loan Repayment.
About this update from Blackbird Plc
[{"type":"text","content":"\n RNS Number : 2142V Forbidden Technologies PLC 29 October 2010 \n \n\n29 October 2010\n \nForbidden Technologies plc\n (\"Forbidden\" or \"the Company\")\n \n \nLoan Repayment\n \n \nForbidden Technologies (AIM: FBT), the AIM quoted developer of the market leading Cloud video platform FORscene, announces that following the Placing announced on 14 October, the Board has now repaid the entire outstanding loan of £706,500 due to Stephen Streater, Chief Executive Officer of the Company. The loan agreement remains in place until the end of 2011 with a £215,000 loan facility. However, the Company now has over £1 million in cash and does not anticipate that it will need to use this facility. \nThe Company has no outstanding loans.\n-Ends-\n \n \nFor further information please visit www.forbidden.co.uk or contact:\n \nForbidden Technologies plc\nTel: +44 (0) 20 8879 7245\nStephen Streater, Chief Executive\n \nBrewin Dolphin \nTel: 0845 213 4726\nNeil Baldwin, Nominated Advisor\n \nBishopsgate Communications\nTel: +44 (0) 7917 042 335\nGemma O'Hara\nSiobhra Murphy\n \n \nNotes to Editors\n \nForbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) listed in February 2000.\n \nThe Company develops and markets a powerful internet video platform, FORscene, which is used by broadcasters, in professional web video, in education and by consumers. FORscene is one of the world's most advanced browser-based applications, operating in The Cloud.\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCEAKEPALAEFFF \n ","length":3469,"tagName":"div"}]