30 April 2020, London – Blackbird (AIM: BIRD), the developer and seller of the market-leading cloud video editing platform, Blackbird, was informed that earlier today Stephen Streater, R&D Director of the Company, sold 1,825,714 ordinary shares of 0.8 pence each in the Company (“Ordinary Shares”) at a price of 14.02 pence per Ordinary Share. Stephen Streater now holds a total beneficial interest in 62,660,000 Ordinary Shares, equivalent to approximately 18.69 per cent. of the Company’s issued share capital.
The Company was also informed that earlier today Ian McDonough, Chief Executive Officer of the Company, purchased 1,591,420 Ordinary Shares at a price of 14.02 pence per Ordinary Share. Of the 1,591,420 Ordinary Shares purchased by Ian McDonough, 142,653 Ordinary Shares were purchased through his ISA. Separately, earlier today Ian McDonough purchased a further 85,000 Ordinary Shares at a price of 14 pence per Ordinary Share. Additionally, earlier today, Syarifah Aidid, a person closely associated with Ian McDonough, purchased 142,653 Ordinary Shares at a price of 14.02 pence per Ordinary Share through her ISA. Ian McDonough and his wife Syarifah Aidid, now together hold a total beneficial interest in 7,930,236 Ordinary Shares, equivalent to approximately 2.37 per cent. of the Company’s issued share capital. The McDonough Family now together hold a total beneficial interest in 24,571,877 Ordinary Shares, equivalent to approximately 7.33 per cent. of the Company’s issued share capital.
|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)
+44 (0)20 3328 5656
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