Exercise of Option
The Company was notified on 11 August 2009 and 12 August 2009 that SF t1ps Smaller Companies Growth Fund ("SF t1ps") has partially exercised its option which was granted at the time of the share subscription announced on 28 July 2009.
SF t1ps has exercised options to subscribe for 200,000 new ordinary shares of 0.8p at an exercise price of 12p per share, and the Company has today allotted these new ordinary shares. Application will be made for the new shares to be admitted to trading on AIM, and Admission is expected on Tuesday 18 August 2009. Following this exercise, the Company has 78,862,500 shares in issue.
SF t1ps retains an option to subscribe for 2,300,000 new ordinary shares at an exercise price of 12p subject to conditions as previously announced.
For further information please visit www.forbidden.co.uk or contact:
Forbidden Technologies plc
Tel: +44 (0) 20 8879 7245
Stephen Streater, Chief Executive
Brewin Dolphin Investment Banking
Tel: 0845 213 4726
Tel: +44 (0) 20 7562 3350
Notes to Editors
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) listed in February 2000.
The Company develops and markets a powerful internet video platform, which is used by broadcasters, in professional web video, in education and by consumers. Forbidden's video post production platform, FORscene, is one of the world's most advanced browser-based applications.