Blackbird PLC Grant of share options (2937R)
June 29 2020 - 02:00AM
UK Regulatory
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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