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Blackbird PLC - Grant of share options

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®, 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 and Broker)

Tel: +44 (0)20 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®, 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® 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® 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® 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 instrument, type of instrument

Identification code

Ordinary Shares of 0.8p

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

- Aggregated volume

- Price

n/a

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 [email protected] or visit www.rns.com.
 
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Market: Unlisted (UK)
Market Cap: -
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