Blackbird PLC Block Admission Application (4405R)
30 Junio 2020 - 01:00AM
UK Regulatory
TIDMBIRD
RNS Number : 4405R
Blackbird PLC
30 June 2020
30 June 2020
Blackbird plc
(the "Company")
Block Admission Application
Blackbird plc (AIM: BIRD), the developer and seller of the
market-leading cloud video editing platform, Blackbird(R),
announces that an application has been made to the London Stock
Exchange for a block admission to trading on AIM of 10,083,422 new
ordinary shares of 0.8 pence each in the Company ("New Ordinary
Shares") (the "Block Admission"). The Block Admission, representing
3% of the current issued share capital, is being made for the issue
and allotment of any New Ordinary Shares arising from the exercise
of options pursuant to the employee share option schemes.
Upon issue, the New Ordinary Shares will be issued credited as
fully paid and rank pari passu in all respects with the existing
ordinary shares of the Company. In accordance with rule 29 of the
AIM Rules for Companies, the number of New Ordinary Shares issued
and allotted under the Block Admission arrangement will be
announced every six months.
It is expected that the Block Admission will become effective
on, or around, 3 July 2020.
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
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contact rns@lseg.com or visit www.rns.com.
END
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