Business
Notice of AGM & Other Matters
Notice of AGM & Other Matters.
About this update from Blackbird Plc
[{"type":"text","content":"\n \nRNS Number : 2384W Forbidden Technologies PLC 15 April 2019 \n\n15 April 2019\n \n \nFORBIDDEN TECHNOLOGIES PLC\n(\"Forbidden\" or the \"Company\")\n \nNotice of the 2019 Annual General Meeting, proposed change to the Company name, adoption of a new long-term employee incentive scheme and change in board roles\n \nForbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, announces that the Company's 2019 Annual General Meeting (the \"AGM\") will be held at 10.00 am on 8 May 2019 at Tuition House, 27-37 St George's Road, London, SW19 4EU.\n \nThe Circular containing the notice of the AGM, together with a proxy form for use at the AGM and the Company's Annual Report and Accounts for the year ended 31 December 2018, have been posted to shareholders today and will shortly be available on the Company's website at www.forbidden.co.uk.\n \nProposed change to the Company Name\nThe Board proposes that the Company change its name to \"Blackbird plc\", to align it with the platform and full product set which the Company markets under the brand name Blackbird and to reinforce the brand and focus in the market. A year ago, with a focused strategy, the Company brought all its products and services under the single brand, Blackbird. This branding and positioning has been well received in the market and allows the Company to cost effectively and powerfully market its media cloud solutions. Aligning the Company and brand names simplifies communication.\n \nA further announcement will be made in due course to confirm the expected date upon which the Company's shares are expected to trade on AIM under the new name of Blackbird plc and the new TIDM of 'BIRD' (previously 'FBT').\n \nAdoption of a new long-term employee incentive scheme\nThe Board believes that it is critical that they are able to attract and retain the right team members to deliver the Company's increasingly focussed sales strategy and that this strategy will deliver long-term and sustainable shareholder value. The Board also believes that directors and key management engaged in delivering the Company's growth targets should be incentivised for delivering extraordinary shareholder returns.\n \nIn 2018, the Board undertook a detailed review of the ...