24 April 2024
Blackbird plc
(the "Company")
Grant of share options
Blackbird plc (AIM:BIRD), the technology
licensor, developer and seller of market-leading cloud native video
editing platform, Blackbird, and developer of the multiplayer
editor in a browser, elevate.io, announces that 2,620,000 options
were granted over the Company's ordinary shares of 0.8 pence (the
"Ordinary Shares") as part
of an employee-wide share option grant under the Company's EMI
share option scheme (the "Scheme"). 950,000 options were granted
to the following directors:
|
Name
|
Title
|
Number of options
granted
|
Exercise
price
|
Number of options held post
grant
|
|
|
|
Ian McDonough
|
Chief Executive Officer
|
300,000
|
5.35p
|
5,730,000
|
|
|
Stephen Streater
|
R&D Director
|
200,000
|
5.35p
|
2,170,000
|
|
|
Stephen White
|
Chief Operating and Financial
Officer
|
200,000
|
5.35p
|
2,150,000
|
|
|
Anne de Kerckhove
|
Senior Independent Non-Executive
Director
|
250,000
|
5.35p
|
250,000
|
|
Under the Scheme the options are subject to
certain performance conditions and 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
28,350,000 options outstanding over unissued Ordinary Shares
representing 7.32% of the Company's current ordinary share capital
of 387,077,188 Ordinary Shares, which includes a total of
11,260,000 options outstanding over unissued Ordinary Shares
relating to Directors and PDMRs representing 2.91% of the Company's
current ordinary share capital.
The FCA notification, made in accordance with
the requirements of the UK Market Abuse Regulation is appended
further below.
Contacts:
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
Nick Naylor / Piers Shimwell (Corporate
Finance)
Amrit Nahal / Guy McDougall (Equity Sales and
Corporate Broking)
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, 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. elevate.io, built using
Blackbird core technology, is the company's new creator SaaS
product, a browser based end-to-end content creation tool aimed at
the Creator Economy.
www.blackbird.video
www.linkedin.com/company/blackbird-cloud
www.twitter.com/blackbirdcloud
www.facebook.com/blackbirdplc
www.youtube.com/c/blackbirdcloud
www.elevate.io
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
|
1. Ian McDonough
2. Stephen Streater
3. Stephen White
4. Anne de Kerckhove
|
|
2.
|
Reason for the
Notification
|
|
a)
|
Position/status
|
1. Chief Executive
Officer
2. R&D Director
3. Chief
Operating and Financial Officer
4. Senior
Independent 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 instrument, type of
instrument
|
Grant of options over ordinary shares of 0.8p
each
|
|
Identification code
|
ISIN: GB0004740477
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1. 5.35p
2. 5.35p
3. 5.35p
4. 5.35p
|
1. 300,000
2. 200,000
3. 200,000
4. 250,000
|
|
|
d)
|
Aggregated information:
-Aggregated volume
-Price
|
n/a (single transactions)
|
|
e)
|
Date of the transaction
|
24 April 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|