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Provider: Reuters Investment Profile
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Forbidden Technologies PLC Announces Proposed Firm Placing

Thursday, 20 Jun 2013 02:00am EDT 

Forbidden Technologies PLC announced a firm placing and open offer to raise up to GBP9.0 million (before expenses) to provide capital for the Company's expansion and to cement the Company's position at the forefront of global video editing technology. The Company announces a conditional Firm Placing of 40,000,000 new Ordinary Shares at GBP0.20 each to raise gross funds of GBP8.0 million by a means of a placing by Cenkos Securities which was significantly oversubscribed. In addition, in order to provide Qualifying Shareholders with an opportunity to subscribe for new Ordinary Shares at the same price, the Company announces a proposed Open Offer to raise up to a further GBP1.0 million (before expenses). 

Company Quote

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27 Feb 2015