Forbidden Technologies PLC Director/PDMR Shareholding (9446I)
30 November 2018 - 12:49AM
UK Regulatory
TIDMFBT
RNS Number : 9446I
Forbidden Technologies PLC
29 November 2018
29 November 2018
Forbidden Technologies plc
("Forbidden" or the "Company")
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 29 November 2018, Ian
McDonough, the Company's Chief Executive Officer and a person
discharging managerial responsibilities (PDMR), purchased 800,000
Ordinary Shares at a price of 6.2 pence per share and now holds a
total beneficial interest in 3,062,862 Ordinary Shares, equivalent
to 1.04 per cent. of the Company's ordinary share capital.
This notification is made in accordance with the requirements of
the EU Market Abuse Regulation. The FCA notifications, made in
accordance with the requirements of the EU Market Abuse Regulation,
are appended further below.
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)
6.2p 800,000
----------
-------------------------------- ------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------------- ------------------------------------------
e) Date of the transactions 29 November 2018
-------------------------------- ------------------------------------------
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.
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(R) is a registered trademark of Forbidden Technologies
plc.
Websites:
www.forbidden.co.uk
www.blackbird.video
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHFKCDQNBDDPDB
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