22 December 2023
Blackbird plc
(the "Company")
Update on OTCQX Market Listing
Blackbird plc (AIM:BIRD; OTCQX:BBRDF), the technology licensor, developer and seller of the market-leading cloud video editing platform, Blackbird®, announces that, with effect from 31 December 2023, its ordinary shares ("Ordinary Shares") will cease to trade on the OTCQX Best Market in the United States ("OTCQX").
The Company's Ordinary Shares began trading on OTCQX on 28 July 2021 but there has been limited trading since that date. As such, the expenses associated with the Company's Ordinary Shares trading on OTCQX outweigh the benefits for Blackbird shareholders.
The Ordinary Shares will continue to be admitted to trading on AIM as the Company's primary market.
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, Piers Shimwell (Corporate Finance) | |
| Amrit Nahal, Guy McDougall (Sales and Corporate Broking) | |
About Blackbird plc
Blackbird plc operates in the fast-growing SaaS and cloud video market. It has created Blackbird®, a market-leading 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 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 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.
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