BLACKBIRD PLC — Director's Dealing 2018

Mar 19, 2018

National Storage Mechanism | Additional information

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RNS Number : 1756I

Forbidden Technologies PLC

19 March 2018

19 March 2018

Forbidden Technologies plc

("Forbidden" or the "Company")

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 19 March 2018 options over the Company's ordinary shares of 0.8p were granted to Ian McDonough as part of an employee-wide share option grant over 2,675,000 unissued Ordinary Shares:

Name	Title	Number of options	Exercise price	Number of options held post grant
Ian McDonough	Chief Executive Officer	400,000	4.0p	2,400,000

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

Following the above grant, there are a total of 6,215,000 incentive share options granted over unissued Ordinary Shares granted to Directors and PDMRs, representing 3.44% of the Company's current issued Ordinary Share capital of 180,486,199 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

Katrina Perez

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, and results in much more effective monetisation.

Blackbird® is a registered trademark of Forbidden Technologies plc.

Websites:

www.forbidden.co.uk

www.forscene.com

Social media:

https://www.linkedin.com/company/116180/

https://www.facebook.com/ForbiddenTechnologies

www.linkedin.com/company/forscene

www.facebook.com/FORscene

www.youtube.com/user/ForsceneTraining

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 instrument, type of instrument

Identification code

Ordinary shares of 0.8p each in Forbidden Technologies plc

Identification code (ISIN) for Forbidden Technologies plc ordinary shares: GB0004740477

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
4.0p	400,000

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

19 March 2018

f)

Place of the transaction

London Stock Exchange, AIM (FBT)

This information is provided by RNS

The company news service from the London Stock Exchange

END

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