3 June 2020, London – Blackbird plc (AIM: BIRD), the developer and seller of the market-leading cloud video editing platform, Blackbird®, announces that it has issued and allotted 350,000 ordinary shares of 0.8p each in the Company (the “New Ordinary Shares”) following an exercise of options on 3 June 2020. The exercise price was 5.875p per New Ordinary Share.
The New Ordinary Shares have been issued pursuant to the exercise of options awarded to a former Director under the Company’s existing share option scheme. The New Ordinary Shares rank, pari passu, in all respects with the Company’s existing ordinary shares. Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that admission of the 350,000 New Ordinary Shares to trading on AIM will become effective on, or around, 9 June 2020 (“Admission”).
Total voting rights
Following Admission, the issued share capital of the Company will consist of 335,939,092 ordinary shares of 0.8p each (the “Ordinary Shares”), with one voting right per share. The Company does not hold any Ordinary Shares in treasury.
Therefore, the total number of Ordinary Shares and voting rights in the Company will, following Admission, be 335,939,092. From Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules.
|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|
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