TIDMBIRD

RNS Number : 2937R

Blackbird PLC

29 June 2020

29 June 2020

Blackbird plc

(the "Company")

Grant of share options

Blackbird plc (AIM: BIRD), the developer and seller of the market-leading cloud video editing platform, Blackbird(R), 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.

Enquiries:

 
 
   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       Tel: +44 (0)20 
  and Broker)                                      3328 5656 
 Nick Naylor 
 Nicholas Chambers 
 
 
 

About Blackbird plc

Blackbird plc operates in the fast-growing SaaS and cloud video market. It has created Blackbird(R), 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(R) 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(R) 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(R) is a registered trademark of Blackbird plc.

Website

www.blackbird.video

Social media

www.linkedin.com/company/blackbird-cloud

www.twitter.com/blackbirdcloud

www.facebook.com/blackbirdplc

www.youtube.com/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                              John Honeycutt 
     --------------------------------  -------------------------------------- 
 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      Ordinary Shares of 0.8p 
       instrument, type of instrument 
       Identification code 
     --------------------------------  -------------------------------------- 
 b)   Nature of the transaction         Grant of options over ordinary shares 
     --------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)              Price(s)   Volume(s) 
                                           18.54p     250,000 
                                                     ---------- 
     --------------------------------  -------------------------------------- 
 d)   Aggregated information            n/a 
       - Aggregated volume 
       - Price 
     --------------------------------  -------------------------------------- 
 e)   Date of the transaction           26 June 2020 
     --------------------------------  -------------------------------------- 
 f)   Place of the transaction          Outside of a trading venue - grant 
                                         of options 
     --------------------------------  -------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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