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RNS Number : 5325X

Forbidden Technologies PLC

06 May 2016

6 May 2016

Forbidden Technologies plc

("Forbidden" or the "Company")

Directorate Changes

Forbidden Technologies plc (AIM: FBT), the AIM-quoted owner and developer of Forscene (the market-leading cloud video platform), Captevate (the consumer video editor), and eva (the video social network), is pleased to announce the following changes to its Board. David Main, currently a non-executive director, becomes the Company's non-executive Chairman. Stephen Streater, the Company's founder and current Executive Chairman, becomes Director of R&D, executive director responsible for the Company's research and development activities. These changes are with immediate effect.

Commenting on his new role, David Main, Chairman of Forbidden Technologies plc said:

"I am pleased to take on the further responsibilities as Chairman of Forbidden. This is an exciting time for the Company given in the last year it has generated real momentum behind the commercial growth of Forscene and launched both eva and Captevate. The prime focus is to drive the commercial success of our video solutions and I look forward to working closely with Aziz, Stephen and the team, helping spearhead our growth in the years to come."

Stephen, Founder and Director of R&D, added:

"As Chairman, I was able to support Aziz in his new role as CEO. Now Aziz has established himself and is demonstrating his success daily, and with David agreeing to become our Chairman, I can focus again on my core area of interest - maintaining our leadership in video technology solutions."

The Company is also in the process of concluding a placing to further drive sales traction. Noting the share price increase since the announcement made on 4 May 2016 the placing price will, as a result, be at a substantial discount to the current market price. A further announcement will be made shortly.

Enquiries:

Forbidden Technologies plc 

David Main, Chairman

Aziz Musa, Chief Executive

Tel: +44 (0)20 8879 7245

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Richard Short

Katrina Perez

Tel: +44 (0)20 3328 5656

Redleaf Communications (Financial PR Adviser)

Rebecca Sanders-Hewett

David Ison

Susie Hudson

Tel: +44 (0)20 7382 4730

Email: [email protected]

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.

Websites:

Social media:

www.facebook.com/FORscene

www.plus.google.com/+Forscenepro/posts

www.linkedin.com/company/forscene

www.twitter.com/forscenepro

www.youtube.com/user/ForsceneTraining

This information is provided by RNS