31
December 2024
Blackbird
plc
(the
"Company")
Pricing of LTIP units
Blackbird plc (AIM: BIRD), the
technology licensor, developer and seller of
market-leading cloud native video editing platform, Blackbird, and
developer of the online collaborative video editing and content
creation platform, elevate.io, announces
the pricing of the units to be issued under the
Company's Long Term Incentive Plan (the "LTIP") for the latest LTIP
period.
Under the LTIP, which was extended following
the approval of shareholders at the 2024 Annual General Meeting,
LTIP 1 and LTIP 2 units are designed to allow members of the
Company's management team to share in improving shareholder value
above a base share price. The LTIP is designed to reward specific
members of the management team through cash payments for actions
that drive value creation for shareholders. Each of LTIP 1 and LTIP
2 consists of 5,000 LTIP units that collectively form a pool and
the value of each pool is calculated at 5% of the increase in the
Company's share price above the base share price for each pool,
respectively.
Full details of the LTIP scheme can be found on
the Company's website under the Investor's section (see
https://www.blackbird.video/investor-relations/).
The Remuneration Committee has set the hurdle
price of the LTIP 1 and LTIP 2 units for the current LTIP Period,
of 1 January 2025 to 31 December 2027, at 15p and 20p
respectively.
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, Media and Entertainment and content creation markets.
Blackbird plc's patented technology allows for frame accurate
navigation, playback, viewing and editing in the cloud and it has
two products.
BlackbirdⓇ a market leading suite of cloud-native
computing applications, is 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.
elevate.io is the company's new online
collaborative content creation platform currently in general
release. elevate.io is built using
Blackbird's core technology and is aimed at professional teams and
the fast growing Creator Economy.
Blackbird plc also licences its core video
technology, under its 'Powered by Blackbird' licensing model,
enabling video companies to accelerate their path to true cloud
business models.
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