Forbidden Technologies plc (AIM:FBT), the AIM quoted owner and developer of the FORscene cloud video platform, announces that yesterday an employee exercised an option over 156,250 new ordinary shares in the Company granted under the Company's unapproved option scheme at an exercise price of 21.5p each.
The Company has allotted these new ordinary shares. Application will be made for the new shares to be admitted to trading on AIM, and Admission is expected to take place on 03 August 2012.
Following the issue of the new shares, the Company’s enlarged issued share capital consists of 86,735,750 ordinary shares of 0.8 pence per share.
About Forbidden Technologies
Forbidden Technologies plc (AIM:FBT, www.forbidden.co.uk) floated in February 2000.
The Company develops and markets a powerful internet video platform, FORscene, which is used by broadcasters, in professional web video, in education and by consumers. FORscene is one of the world’s most advanced browser-based and mobile applications, operating in the cloud.
For more information, please visit www.forbidden.co.uk or contact:
Forbidden Technologies plc
Stephen Streater, CEO
Tel: +44 (0)20 8879 7245
Aubrey Powell, Nominated Adviser
Derrick Lee, Corporate Finance
Tel: +44 (0)20 3201 3170
Cenkos Securities plc, Broker
Adrian Hargrave, Corporate Finance
Alex Aylen, Sales
Tel: +44 (0)20 7397 8900
Nick Rome / Sam Allen
Tel: +44 (0)20 7562 3350