Posted: 24/03/2023
24 March 2023, London – Blackbird plc (AIM: BIRD; OTCQX: BBRDF), the technology licensor, developer and seller of the market-leading cloud native video editing platform, Blackbird, was informed that, on 23 March 2023, Stephen White, Chief Operating and Financial Officer bought 82,739 ordinary shares of 0.8 pence each in the Company (“Ordinary Shares”) at a price of 7.85 pence per Ordinary Share and 43,688 Ordinary Shares at a price of 8.0 pence per Ordinary Share. Following the above purchases, Stephen White now has a total beneficial interest in 543,162 Ordinary Shares, equivalent to approximately 0.15 per cent. of the Company’s issued share capital.
The FCA notification in relation to the above and made in accordance with the requirements of the UK Market Abuse Regulation is appended further below.
Enquiries:
Blackbird plc
Ian McDonough, Chief Executive Officer
Stephen White, Chief Operating and Financial Officer
Tel: +44 (0)20 8879 7245
Allenby Capital Limited (Nominated Adviser and Broker)
Nick Naylor/Piers Shimwell (Corporate Finance)
Amrit Nahal (Sales and Corporate Broking)
Tel: +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® enables 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 plc is a licensor of its core video technology under its ‘Powered by Blackbird’ licensing model. Enabling video companies to accelerate their path to true cloud business models, licensees benefit
from power and carbon reductions, cost and time savings, less hardware and bandwidth requirements and easy scalability.
www.blackbird.video www.linkedin.com/company/blackbird-cloud www.twitter.com/blackbirdcloud www.facebook.com/blackbirdplc www.youtube.com/c/Blackbirdcloud
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 | Stephen White |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Operating and Financial Officer |
| 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 GB0004740477 |
| b) | Nature of the transaction | Purchase of ordinary shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 7.85p 82,739 8.00p 43,688 |
| d) | Aggregated information Aggregated volume Price | 126,427 N/a – see prices above |
| e) | Date of the transaction | 23 March 2023 |
| f) | Place of the transaction | London Stock Exchange, XLON |
Blackbird is best-of-breed
Jon Hanford - Group CTO, Deltatre