29 June 2020, London – Blackbird plc (AIM: BIRD), the developer and seller of the market-leading cloud video editing platform, Blackbird®, announces that on 26 June 2020, 250,000 options over the Company’s ordinary shares of 0.8 pence (the “Ordinary Shares”) were granted to John Honeycutt, a non-executive director of the Company, at an exercise price of 18.54p. The options were granted under the Company’s EMI share option scheme (the “Scheme”) and subject to certain performance conditions. Under the rules of the Scheme the exercise price has been calculated based upon the average closing price of the Company’s shares for the last three days.
Following the above grant there are a total of 12,005,000 share options granted over unissued Ordinary Shares granted to Directors and PDMRs representing 3.57% of the Company’s current Ordinary Share capital of 336,114,092 Ordinary Shares.
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