16 September 2024
Blackbird plc
(the "Company")
Grant of share options
Blackbird plc (AIM:BIRD), the technology
licensor, developer and seller of market-leading cloud native video
editing platform, Blackbird, and developer of the
online collaborative video editing and content creation
platform, elevate.io,
announces that earlier today 2,685,000 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"). 1,275,000 of these options
were granted to the following directors of the Company:
|
Name
|
Title
|
Number of options
granted
|
Exercise
price
|
Number of options held post
grant
|
|
|
|
Ian McDonough
|
Chief Executive Officer
|
300,000
|
5.833p
|
6,030,000
|
|
|
Stephen Streater
|
R&D Director
|
200,000
|
5.833p
|
2,370,000
|
|
|
Stephen White
|
Chief Operating and Financial
Officer
|
200,000
|
5.833p
|
2,350,000
|
|
|
Anne de Kerckhove
|
Chair and Non-Executive
Director
|
75,000
|
5.833p
|
325,000
|
|
|
Nick Lisher
|
Non-Executive Director
|
250,000
|
5.833p
|
250,000
|
|
|
Youri Hazanov
|
Non-Executive Director
|
250,000
|
5.833p
|
250,000
|
|
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 option grant, there are a
total of 31,365,000 options outstanding over unissued Ordinary
Shares representing 8.17% of the Company's current ordinary share
capital of 387,077,188 Ordinary Shares, which includes a total of
11,575,000 options outstanding over unissued Ordinary Shares held
by Directors and PDMRs (representing 2.99% 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, Media and Entertainment and content creation markets.
Blackbird plc's patented technology allows for frame accurate
navigation, playback, viewing and editing in the cloud and it has
two products.
BlackbirdⓇ a market leading suite of cloud-native
computing applications, is used by rights holders, broadcasters,
sports and news video specialists, live events and content owners,
post production houses, other mass market digital video channels
and corporations.
elevate.io is the company's new online
collaborative content creation platform currently in general
release. elevate.io is built using
Blackbird's core technology and is aimed at professional teams and
the fast growing Creator Economy.
Blackbird plc also licences its core video
technology, under its 'Powered by Blackbird' licensing model,
enabling video companies to accelerate their path to true cloud
business models.
www.blackbird.video
www.linkedin.com/company/blackbird-cloud
www.twitter.com/blackbirdcloud
www.facebook.com/blackbirdplc
www.youtube.com/c/blackbirdcloud
www.elevate.io
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
4. Anne de Kerckhove
5. Nick Lisher
6. Youri
Hazanov
|
|
2.
|
Reason for the
Notification
|
|
a)
|
Position/status
|
1. Chief Executive
Officer
2. R&D Director
3. Chief
Operating and Financial Officer
4. Chair
and Non-Executive Director
5. Non-Executive Director
6. 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
|
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)
|
|
Price(s)
|
Volume(s)
|
|
1. 5.833p
2. 5.833p
3. 5.833p
4. 5.833p
5. 5.833p
6. 5.833p
|
1. 300,000
2. 200,000
3. 200,000
4. 75,000
5. 250,000
6. 250,000
|
|
|
d)
|
Aggregated information:
-Aggregated volume
-Price
|
n/a (single transactions)
|
|
e)
|
Date of the transaction
|
16 September 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|