Forbidden Technologies PLC
18 December 2006
18 December 2006
Forbidden Technologies plc
Placing of shares to independent distributor
Forbidden Technologies plc ('Forbidden', AIM: FBT), announces the issue of
500,000 new ordinary shares in Forbidden at a placing price of 15p per share to
Mr. Sherwin Lim. Mr. Lim is a founder of Formidable Technologies Inc. a
distributor of Forbidden's products based in Canada. The placing raises £75,000
for Forbidden, which will contribute to the expansion of its FORscene platform
in broadcast post production and citizen journalism. Application is being made
for these shares to be admitted to trading on AIM and it is expected that
dealings will commence on 22 December 2006.
Stephen Streater, Chief Executive of Forbidden Technologies, commented:
'Canada's vast geographical scale plays to FORscene's strengths as a web-based
platform supporting remote video editing and review. We are delighted that
Sherwin Lim, a founder of Formidable, has further demonstrated his commitment to
FORscene through this investment.'
Enquiries:
Forbidden Technologies plc 020 8879 7245
Stephen Streater, Chief Executive
Greg Hirst, Business Development Director
College Hill 020 7457 2020
Corinna Dorward/Adrian Duffield
This information is provided by RNS
The company news service from the London Stock Exchange