Business
Results of GM and AGM
Results of GM and AGM.
About this update from Blackbird Plc
[{"type":"text","content":"\n \nRNS Number : 3290A Forbidden Technologies PLC 06 June 2016 \n\n6 June 2016\n \nForbidden Technologies plc\n(\"Forbidden\" or the \"Company\")\n \nResults of GM and AGM\n \nOn 9 May 2016 Forbidden 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), announced a placing to raise £1.3 million (before expenses) through the issue of 18,571,421 new ordinary shares of 0.8 pence each (the \"Placing Shares\") at a price of 7 pence per Placing Share (the \"Placing\") in two tranches.\nThe first tranche of the Placing, being the issue of 5,374,283 Placing Shares (raising £376,200), was not subject to shareholder approval, and the shares were admitted to trading on AIM on 12 May 2016. \nThe second tranche of the Placing, to raise a total £923,800 by the issue of 13,197,138 Placing Shares was conditional upon, inter alia, the passing of the resolution to be put to shareholders of the Company at the General Meeting held today.\nThe Board is pleased to announce that all resolutions put to shareholders at the Company's General Meeting and AGM held earlier today have been passed.\nThe Company has applied for admission to trading on AIM (\"Admission\") for the second tranche of the Placing Shares and it is expected that Admission will take place on 7 June 2016.\nFollowing Admission of the second tranche of the Placing Shares the Company will have 150,486,199 Ordinary Shares in issue, all with 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 150,486,199.\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:\n \nForbidden Technologies plc \nDavid Main, 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...