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 of options granted | Exercise price | Number of options held post grant | |
| Ian McDonough | Chief Executive Officer | 300,000 | 10.3333p | 5,430,000 | |
| Stephen Streater | R&D Director | 200,000 | 10.3333p | 1,970,000 | |
| Stephen White | Chief Operating 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.linkedin.com/company/blackbird-cloud
www.twitter.com/blackbirdcloud
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 the Financial instrument, type of instrument | Grant of options over ordinary shares of 0.8p each
| ||||
| Identification code | ISIN: GB0004740477 | |||||
| b) | Nature of the transaction | Grant of options | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: -Aggregated volume -Price | n/a (single transactions) | ||||
| e) | Date of the transaction | 15 September 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.