Blackbird (AIM: BIRD), the developer and seller of the market-leading cloud video editing platform, Blackbird, announces the following information in connection with its block admission pursuant to AIM Rule 29 and Schedule Six of the AIM Rules for Companies.
|Name of company:||Blackbird plc|
|Name of scheme:||Blackbird plc Employee Share Option Schemes|
|Period of return:||From 3 July 2020 to 31 December 2020|
|Number and class of securities not issued under the scheme at the beginning of the period:||10,083,422 ordinary shares of 0.8 pence each in the Company (the “Ordinary Shares”)|
|Number of securities issued under the scheme during the period:||940,000 Ordinary Shares|
|Balance under the scheme of securities not yet issued at the end of the period:||9,143,422 Ordinary Shares|
|Number and class of securities originally admitted and the date of admission:||10,083,422 Ordinary Shares on 3 July 2020|
|Blackbird plc||Tel: +44 (0)20 8879 7245|
|Ian McDonough, Chief Executive Officer|
|Stephen White, Chief Operating and Financial Officer|
|Allenby Capital Limited (Nominated Adviser and Broker)||Tel: +44 (0)20 3328 5656|
|Nick Naylor / Asha Chotai (Corporate Finance)|
|Amrit Nahal (Equity Sales)|
About Blackbird plc
Blackbird plc operates in the fast-growing SaaS and cloud video market. It has created Blackbird®, the world’s most advanced suite of cloud-native computing applications for video, all underpinned by its lightning-fast codec. Blackbird plc’s patented technology allows for frame accurate navigation, playback, viewing and editing in the cloud. Blackbird® 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.
Since it is cloud-native, Blackbird® removes the need for costly, high end workstations and can be used from almost anywhere on almost any device. It also 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 ultimately results in much more effective monetisation.
Blackbird® is a registered trademark of Blackbird plc.
Blackbird is best-of-breed
Jon Hanford - Group CTO, Deltatre