Director/PDMR Shareholding

Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, has been notified that on 12th March 2019, Ian McDonough, CEO of the Company, and his wife Syarifah Aidid, a person closely associated with Ian McDonough, together purchased 476,700 Ordinary Shares at a price of 7.85 pence per share and now hold a total beneficial interest in 3,539,562 Ordinary Shares, equivalent to 1.20 per cent. of the Company’s ordinary share capital.

Contacts:

Forbidden Technologies plc
Tel: +44 (0)20 8879 7245
Ian McDonough, CEO
Adrian Lambert, Marketing Director

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

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 its patented Blackbird technology. The technology underpins multiple applications, which are used by rights holders, broadcasters, sports and news video specialists, eSports live events and content owners, 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, and results in much more effective monetisation.

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

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

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 each in
instrument, type of instrument Forbidden Technologies plc
Identification code
Identification code (ISIN) for Forbidden
Technologies plc ordinary shares:
GB0004740477
——————————– ——————————————
b) Nature of the transaction Purchase of Ordinary Shares
——————————– ——————————————
c) Price(s) and volume(s) Price(s) Volume(s)
7.85p 235,950
———-
——————————– ——————————————
d) Aggregated information N/A
– Aggregated volume
– Price
——————————– ——————————————
e) Date of the transaction 12 March 2019
——————————– ——————————————
f) Place of the transaction London Stock Exchange, AIM (FBT)
——————————– ——————————————

1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Syarifah Aidid
——————————– ——————————————
2 Reason for the notification
—————————————————————————-
a) Position/status PCA of Ian McDonough, 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 each in
instrument, type of instrument Forbidden Technologies plc
Identification code
Identification code (ISIN) for Forbidden
Technologies plc ordinary shares:
GB0004740477
——————————– ——————————————
b) Nature of the transaction Purchase of Ordinary Shares
——————————– ——————————————
c) Price(s) and volume(s) Price(s) Volume(s)
7.85p 240,750
———-
——————————– ——————————————
d) Aggregated information N/A
– Aggregated volume
– Price
——————————– ——————————————
e) Date of the transaction 12 March 2019
——————————– ——————————————
f) Place of the transaction London Stock Exchange, AIM (FBT)
——————————– ——————————————

The information set out in this announcement is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

IMG grows and extends Blackbird partnership for another three years

5 March 2019, London – Forbidden Technologies plc (AIM: FBT), developer and seller of the market-leading cloud video platform, Blackbird, is pleased to announce that IMG Media Ltd (IMG) has signed an agreement with Forbidden to grow and extend its use of Blackbird for a further three years.

IMG is a leading global producer and distributor of sports media. Since it first became a customer of the Company in 2015, its relationship with Forbidden and Blackbird had already expanded before this new agreement. This agreement is Forbidden’s first multi-year contract with IMG, worth a six-figure sum over the term. It is also material in the current financial year, as there are additional one-off Blackbird Edge upgrades.

IMG’s UK digital production team plans to use Blackbird to rapidly clip, edit and publish live sports video content to IMG’s own content delivery network, as well as its partners’ online platforms. Blackbird will be used to create highlights packages and clips for fans to enjoy a range of sports. The sports include leading European football leagues, La Liga and Serie A, EuroLeague Basketball, and the European Volleyball League.

IMG distributes more than 32,000 hours of content annually originating from more than 200 clients and events to major global broadcasters across all forms of media – including TV, audio, fixed media, inflight and closed circuit, broadband and mobile.

Forbidden CEO, Ian McDonough, said: “We are delighted that IMG, one of our key customers, has chosen to extend and expand its partnership with Forbidden for another three years. This agreement is a testament to the service levels we provide and an endorsement of our market-leading Blackbird technology, which offers editing agility and fast processing of live content in the Cloud.

“Blackbird is gaining traction in Europe and particularly, North America, where we work with leading companies in sports and media.

“We look forward to continuing to work closely with IMG’s UK digital production team as they provide sports fans with the content they demand.”

For more information about Blackbird visit: www.blackbird.video

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

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

Contacts:

Forbidden Technologies plc
Tel: +44 (0)20 8879 7245
Ian McDonough, CEO
Adrian Lambert, Marketing Director

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

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 its patented Blackbird technology. The technology underpins multiple applications, which are used by rights holders, broadcasters, sports and news video specialists, eSports live events and content owners, 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, and results in much more effective monetisation.

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

About IMG

IMG, which was founded in 1960, is a global leader in sports, events, media and fashion, operating in more than 30 countries. The company represents and manages some of the world’s greatest sports figures and fashion icons; stages hundreds of live events and branded entertainment experiences annually; and is one of the largest independent producers and distributors of sports media.

IMG also specialises in sports training; league development; and marketing, media and licensing for brands, sports organisations and collegiate institutions.

Blackbird now Microsoft Co-Sell Ready

January 15, 2019, London and Redmond – Forbidden Technologies plc (AIM: FBT), the developer and seller of Blackbird, the video workstation experience in the cloud, has reached Microsoft Co-Sell Ready status.

To read this press release, please click here.

Board changes

Stephen White hired from Comcast as Chief Operating and Financial Officer; additional strategic hires made

Forbidden Technologies plc (AIM: FBT), the developer and seller of Blackbird, the workstation experience in the cloud, announces that it is creating a new board role of “Chief Operating and Financial Officer”. The Company has appointed, subject to usual due diligence checks, Stephen White to this role.  Stephen is currently Vice President Finance, UK and EMEA Emerging Markets at Comcast’s NBC Universal’s Networks Division and will start with the Company after serving his notice period.  It is currently anticipated that Stephen will join the Board and commence his role in April 2019.

Stephen has 25 years experience in senior finance roles with media companies such as NBC Universal, BBC Worldwide (now known as BBC Studios), The Walt Disney Company and Jetix after qualifying as a Chartered Accountant with Ernst and Young. A further announcement, which will include the required disclosures under the AIM Rules for Companies for the appointment of a director to the board, will be made in due course.

The Company also announces that Jonathan Lees, the Company’s current Finance Director, will step down from the board when Stephen joins the Company, and will leave the Company to pursue other opportunities after an appropriate handover period.

In addition to the creation of the Chief Operating and Financial Officer role, the Company has recently made a number of important appointments including Adrian Lambert as Marketing Director and Oliver Parker as a Strategic Account Director.  The Company has also hired George Maddocks in its Pre-Sales team and appointed a senior developer.

David Main, Chairman of Forbidden, said: “With our strategy in place, and since a successful fundraising, we have been looking to add to our capabilities to grow and deliver against our focus. The creation of a combined Chief Operating and Financial Officer role is part of this strategy. I look forward to welcoming Stephen White on to the management team and the board.  We have also recently added new talent to our sales and marketing capabilities.

“The board would like to thank Jonathan for all his hard work over the last 5 years. He has been very effective in his role as Finance Director, including helping us in several successful fundraisings. We all wish him well with his future endeavours.”

Ian McDonough, CEO of Forbidden, added: “I am looking forward to welcoming Stephen White on to our team. We have made some important new hires to our sales and marketing team already as we build the right capabilities to take Blackbird to the global market.

“Thank you to Jonathan for his contribution to managing and guiding the business to its current position.”

Enquiries:

Forbidden Technologies plc
Ian McDonough, CEO
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, 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® is a registered trademark of Forbidden Technologies plc.

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