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Blackbird PLC - Block Admission Application

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®, 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 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


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)
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