Grant of Share Options

Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, announces that on 15 September 2018 options over the Company’s ordinary shares of 0.8p were granted to the directors listed below as part of an employee-wide share option grant over 3,690,000 unissued Ordinary Shares:

NameTitleNumber of OptionsExercise PriceNumber of Options Post Grant
------------------------------------------------------------------
Ian McDonoughChief Executive Officer1,180,0005.25p3,580,000
Stephen StreaterR&D Director480,0005.25p730,000
Jonathan LeesFinance Director200,0005.25p1,520,000
David MainNon-Executive Chairman120,0005.25p1,565,000
Andrew BentleyNon-Executive Director120,0005.25p520,000
James IrvingNon-Executive Director80,0005.25p480,000

The options were granted under the Company’s EMI share option scheme.

Following the above grant there are a total of 8,395,000 incentive share options granted over unissued Ordinary Shares granted to Directors and PDMRs, representing 2.84% of the Company’s current Ordinary share capital of 295,486,199 Ordinary Shares.

Enquiries

Forbidden Technologies plc
Ian McDonough, CEO
Jonathan Lees, Finance Director
Tel: +44 (0)20 8879 7245

Allenby Capital Limited (Nominated Adviser and Broker)
Nick Naylor
John Depasquale
Nicholas Chambers
Tel: +44 (0)20 3328 5656

About Forbidden Technologies plc

Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.

Forbidden develops, markets and licenses a powerful cloud video platform using our patented Blackbird technology. The technology underpins multiple applications which are used by rights holders, broadcasters, sports and news video specialists, eSports, post-production houses, other mass market digital video channels and corporations.

The Blackbird technology allows full visibility on multi-location digital content, improves time to market for live content such as video clips and highlights for social media distribution which results in improved monetisation of video content.

Blackbird(R) is a registered trademark of Forbidden Technologies plc.

All other trademarks acknowledged

Websites
www.forbidden.co.uk
www.blackbird.video

Social Media
www.linkedin.com/company/forbidden
www.twitter.com/forbiddentech
www.facebook.com/ForbiddenTechnologies/

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ian McDonough
——————————– ————————————–
2 Reason for the notification
————————————————————————
a) Position/status Chief Executive Officer
——————————– ————————————–
b) Initial notification /Amendment Initial notification
——————————– ————————————–
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
————————————————————————
a) Name Forbidden Technologies plc
——————————– ————————————–
b) LEI 2138006DWRVTIAVW3415
——————————– ————————————–
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
————————————————————————
a) Description of the financial Ordinary Shares of 0.8p
instrument, type of instrument
Identification code
——————————– ————————————–
b) Nature of the transaction Grant of options over ordinary shares
——————————– ————————————–
c) Price(s) and volume(s) Price(s) Volume(s)
5.25p 1,180,000
———-
——————————– ————————————–
d) Aggregated information n/a
– Aggregated volume
– Price
——————————– ————————————–
e) Date of the transaction 17 September 2018
——————————– ————————————–
f) Place of the transaction London Stock Exchange AIM (FBT)
——————————– ————————————–

1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephen Streater
——————————– ————————————–
2 Reason for the notification
————————————————————————
a) Position/status R&D Director
——————————– ————————————–
b) Initial notification /Amendment Initial notification
——————————– ————————————–
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
————————————————————————
a) Name Forbidden Technologies plc
——————————– ————————————–
b) LEI 2138006DWRVTIAVW3415
——————————– ————————————–
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
————————————————————————
a) Description of the financial Ordinary Shares of 0.8p
instrument, type of instrument
Identification code
——————————– ————————————–
b) Nature of the transaction Grant of options over ordinary shares
——————————– ————————————–
c) Price(s) and volume(s) Price(s) Volume(s)
5.25p 480,000
———-
——————————– ————————————–
d) Aggregated information n/a
– Aggregated volume
– Price
——————————– ————————————–
e) Date of the transaction 17 September 2018
——————————– ————————————–
f) Place of the transaction London Stock Exchange AIM (FBT)
——————————– ————————————–

1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jonathan Lees
——————————– ————————————–
2 Reason for the notification
————————————————————————
a) Position/status Finance Director
——————————– ————————————–
b) Initial notification /Amendment Initial notification
——————————– ————————————–
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
————————————————————————
a) Name Forbidden Technologies plc
——————————– ————————————–
b) LEI 2138006DWRVTIAVW3415
——————————– ————————————–
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
————————————————————————
a) Description of the financial Ordinary Shares of 0.8p
instrument, type of instrument
Identification code
——————————– ————————————–
b) Nature of the transaction Grant of options over ordinary shares
——————————– ————————————–
c) Price(s) and volume(s) Price(s) Volume(s)
5.25p 200,000
———-
——————————– ————————————–
d) Aggregated information n/a
– Aggregated volume
– Price
——————————– ————————————–
e) Date of the transaction 17 September 2018
——————————– ————————————–
f) Place of the transaction London Stock Exchange AIM (FBT)
——————————– ————————————–

1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David Main
——————————– ————————————–
2 Reason for the notification
————————————————————————
a) Position/status Non-Executive Chairman
——————————– ————————————–
b) Initial notification /Amendment Initial notification
——————————– ————————————–
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
————————————————————————
a) Name Forbidden Technologies plc
——————————– ————————————–
b) LEI 2138006DWRVTIAVW3415
——————————– ————————————–
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
————————————————————————
a) Description of the financial Ordinary Shares of 0.8p
instrument, type of instrument
Identification code
——————————– ————————————–
b) Nature of the transaction Grant of options over ordinary shares
——————————– ————————————–
c) Price(s) and volume(s) Price(s) Volume(s)
5.25p 120,000
———-
——————————– ————————————–
d) Aggregated information n/a
– Aggregated volume
– Price
——————————– ————————————–
e) Date of the transaction 17 September 2018
——————————– ————————————–
f) Place of the transaction London Stock Exchange AIM (FBT)
——————————– ————————————–

1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Andrew Bentley
——————————– ————————————–
2 Reason for the notification
————————————————————————
a) Position/status Non-Executive Director
——————————– ————————————–
b) Initial notification /Amendment Initial notification
——————————– ————————————–
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
————————————————————————
a) Name Forbidden Technologies plc
——————————– ————————————–
b) LEI 2138006DWRVTIAVW3415
——————————– ————————————–
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
————————————————————————
a) Description of the financial Ordinary Shares of 0.8p
instrument, type of instrument
Identification code
——————————– ————————————–
b) Nature of the transaction Grant of options over ordinary shares
——————————– ————————————–
c) Price(s) and volume(s) Price(s) Volume(s)
5.25p 120,000
———-
——————————– ————————————–
d) Aggregated information n/a
– Aggregated volume
– Price
——————————– ————————————–
e) Date of the transaction 17 September 2018
——————————– ————————————–
f) Place of the transaction London Stock Exchange AIM (FBT)
——————————– ————————————–

1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Irving
——————————– ————————————–
2 Reason for the notification
————————————————————————
a) Position/status Non-Executive Director
——————————– ————————————–
b) Initial notification /Amendment Initial notification
——————————– ————————————–
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
————————————————————————
a) Name Forbidden Technologies plc
——————————– ————————————–
b) LEI 2138006DWRVTIAVW3415
——————————– ————————————–
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
————————————————————————
a) Description of the financial Ordinary Shares of 0.8p
instrument, type of instrument
Identification code
——————————– ————————————–
b) Nature of the transaction Grant of options over ordinary shares
——————————– ————————————–
c) Price(s) and volume(s) Price(s) Volume(s)
5.25p 80,000
———-
——————————– ————————————–
d) Aggregated information n/a
– Aggregated volume
– Price
——————————– ————————————–
e) Date of the transaction 17 September 2018
——————————– ————————————–
f) Place of the transaction London Stock Exchange AIM (FBT)
——————————– ————————————–

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