Business
Placing of Shares
Placing of Shares.
About this update from Blackbird Plc
[{"type":"text","content":"\n Forbidden Technologies PLC\n18 December 2006\n\n\n\n18 December 2006\n\nForbidden Technologies plc\n\nPlacing of shares to independent distributor\n\n\n\nForbidden Technologies plc ('Forbidden', AIM: FBT), announces the issue of\n500,000 new ordinary shares in Forbidden at a placing price of 15p per share to\nMr. Sherwin Lim. Mr. Lim is a founder of Formidable Technologies Inc. a\ndistributor of Forbidden's products based in Canada. The placing raises £75,000\nfor Forbidden, which will contribute to the expansion of its FORscene platform\nin broadcast post production and citizen journalism. Application is being made\nfor these shares to be admitted to trading on AIM and it is expected that\ndealings will commence on 22 December 2006.\n\n\n\nStephen Streater, Chief Executive of Forbidden Technologies, commented:\n\n\n\n 'Canada's vast geographical scale plays to FORscene's strengths as a web-based\nplatform supporting remote video editing and review. We are delighted that\nSherwin Lim, a founder of Formidable, has further demonstrated his commitment to\nFORscene through this investment.'\n\n\n\nEnquiries:\n\n\nForbidden Technologies plc 020 8879 7245\n Stephen Streater, Chief Executive\n Greg Hirst, Business Development Director\n\nCollege Hill 020 7457 2020\n Corinna Dorward/Adrian Duffield\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1548,"tagName":"div"}]