Blackbird PLC Grant of share options (5241M)
15 Septiembre 2023 - 1:00AM
UK Regulatory
TIDMBIRD
RNS Number : 5241M
Blackbird PLC
15 September 2023
15 September 2023
Blackbird plc
(the "Company")
Grant of share options
Blackbird plc (AIM:BIRD; OTCQX:BBRDF), the technology licensor,
developer and seller of market-leading cloud native video editing
platform, Blackbird, announces that 2,315,000 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"). 700,000 options
were granted to the following directors:
Name Title Number Exercise Number of
of options price options held
granted post grant
------------------ ------------------------ ------------ --------- --------------
Chief Executive
Ian McDonough Officer 300,000 10.3333p 5,430,000
Stephen Streater R&D Director 200,000 10.3333p 1,970,000
Chief Operating
Stephen White and Financial Officer 200,000 10.3333p 1,950,000
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 30,090,000
options outstanding over unissued Ordinary Shares representing
8.17% of the Company's current ordinary share capital of
368,330,521 Ordinary Shares, which includes a total of 11,195,000
options outstanding over unissued Ordinary Shares relating to
Directors and PDMRs representing 3.04% 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, 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 bused 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.
www.blackbird.video
www.linkedin.com/company/blackbird-cloud
www.twitter.com/blackbirdcloud
www.facebook.com/blackbirdplc
www.youtube.com/c/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 1. Ian McDonough
2. Stephen Streater
3. Stephen White
------------------------------- -----------------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. R&D Director
3. Chief Operating and Financial Officer
------------------------------- -----------------------------------------------
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 Grant of options over ordinary shares
the Financial instrument, of 0.8p each
type of instrument
Identification ISIN: GB0004740477
code
------------------------------- -----------------------------------------------
b) Nature of the transaction Grant of options
------------------------------- -----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1. 10.3333p 1.
300,000
2. 10.3333p 2.
200,000
3. 10.3333p 3.
200,000
---------------
------------------------------- -----------------------------------------------
d) Aggregated information: n/a (single transactions)
-Aggregated volume
-Price
------------------------------- -----------------------------------------------
e) Date of the transaction 15 September 2023
------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- -----------------------------------------------
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END
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