Forbidden Technologies plc (“the Company”) was notified yesterday of an option exercise by the Chairman, Vic Steel, on 6 July 2004, set out below.
This has increased his beneficial interest in the Company to 362,500 Ordinary Shares, representing approximately 0.5% of the Ordinary Shares in issue. The option exercise price of 3p is the split-adjusted Inland Revenue approved market price at the time of the option grant.
Application has been made for the shares to be listed on the Alternative Investment Market of the London Stock Exchange and dealings are expected to commence on Monday 12 July 2004.
|Shares under option||Exercise Price||Date of Grant|
|125,000||3p||25 January 2000|