Forbidden Technologies plc (AIM: FBT), the AIM-quoted market-leading cloud video platform owner announces that it has today signed a partnership with Fanview Consultancy LLP (“Fanview”), the sports content and experience specialists, to expand Forscene’s network in the digital content arena.
Fanview helps rights owners and content creators produce and distribute video that is tailored to their audience.
Fanview is owned by Jim Irving, a non-executive director of Forbidden. The non-exclusive partnership is on similar terms as the Company’s other reseller arrangements.
Jason Cowan, business development director at Forbidden Technologies, said:
“We are confident that working with the Fanview team will deepen our presence in the sports market. We look forward to benefitting from the team’s experience and wide ranging contact base.”
Related party transaction
In view of the fact that Jim Irving is a director of Forbidden Technologies and is the owner of Fanview, the entry by Forbidden into the partnership with Fanview is considered to be a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The Company’s directors (with the exception of Jim Irving), having consulted with the Company’s nominated adviser, Allenby Capital Limited, consider that the terms of the partnership between Forbidden and Fanview are fair and reasonable insofar as the Company’s shareholders are concerned.
For more information visit forbidden.co.uk
Forbidden Technologies plc
David Main, Chairman
Aziz Musa, Chief Executive
Tel: +44 (0)20 8879 7245
Allenby Capital Limited (Nominated Adviser and Broker)
Tel: +44 (0)20 3328 5656
Redleaf Communications (Financial PR Adviser)
Tel: +44 (0)20 7382 4730
About Forbidden Technologies plc
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.
The Company develops and markets a powerful cloud video platform, which is used by broadcasters, in professional web video, in education and by consumers. The Company platform is one of the world’s most advanced browser-based and mobile platforms, which underpins Forscene in professional markets, its eva video social network and its new consumer video editor, Captevate.