Posted: 05/10/2021
5 October 2021, London – Blackbird (AIM: BIRD; OTCQX: BBRDF), the developer and seller of the market-leading cloud video editing platform, Blackbird, was informed that, on 1 October 2021, David Main, a Non-executive Director, exercised options to acquire 55,000 ordinary shares of 0.8 pence each in the Company (the “New Ordinary Shares”) at a price of 12.75 pence per New Ordinary Share. The options were granted under one of the Company’s share option schemes. Following the above exercise David Main and his wife now have a total beneficial interest in 1,162,143 Ordinary Shares, equivalent to approximately 0.34 per cent. of the Company’s issued share capital.
The New Ordinary Shares rank, pari passu, in all respects with the Company’s existing ordinary shares.
| Contacts: 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 / Piers Shimwell (Corporate Finance) | |
| Amrit Nahal (Sales and Corporate Broking) |
About Blackbird plc
Blackbird operates in the fast-growing SaaS and cloud video market, and has created the world’s most advanced suite of cloud-native computing applications for video, all underpinned by its lightning-fast codec. Blackbird’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 digital distribution, and ultimately results in much more effective monetisation.
Blackbird® is a registered trademark of Blackbird plc.
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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 | David Main |
| 2 | Reason for the notification | |
| a) | Position/status | Non-executive Director |
| b) | Initial notification /Amendment | Initial notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Blackbird 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 Identification code (ISIN) for Blackbird plc ordinary shares: GB0004740477 |
| b) | Nature of the transaction | Purchase of ordinary shares granted under share option scheme |
| c) | Price(s) and volume(s) | Price(s) 12.75p Volume(s) 55,000 |
| d) | Aggregated information -Aggregated volume -Price | n/a |
| e) | Date of the transaction | 1 October 2021 |
| f) | Place of the transaction | Issue of Shares from exercising share options |
Blackbird is best-of-breed
Jon Hanford - Group CTO, Deltatre