REG - Blackbird PLC - Director/PDMR Shareholding

BlackbirdAnnouncement

24/06/2024 10:15

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RNS Number : 5873T  Blackbird PLC  24 June 2024

24 June 2024

 

Blackbird plc

(the "Company")

 

Director/PDMR dealing

 

Blackbird plc (AIM: BIRD), the technology licensor, developer and seller of
market-leading cloud native video editing platform, Blackbird, and developer
of the multiplayer video editor in a browser, elevate.io, was informed on 24
June 2024, that Syarifah Aidid (a person closely associated with Ian
McDonough, Chief Executive Officer), on 20 June bought 100,628 ordinary shares
of 0.8 pence each in the Company (the "Ordinary Shares") at 3.98p per Ordinary
Share and on 21 June bought 157,893 Ordinary Shares at 3.8p per share.

Following the above purchase Ian McDonough and his wife, Syarifah Aidid, now
have a total beneficial interest in 10,288,177 Ordinary Shares, equivalent to
approximately 2.66 per cent. of the Company's issued share capital.

The FCA notification in relation to Syarifah Aidid's dealing and 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, 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. elevate.io, built using Blackbird core technology, is
the company's new creator SaaS product, a browser based end-to-end content
creation tool aimed at the Creator Economy.

 

www.blackbird.video (http://www.blackbird.video/)

www.linkedin.com/company/blackbird-cloud
(http://www.linkedin.com/company/blackbird-cloud)

www.twitter.com/blackbirdcloud (http://www.twitter.com/blackbirdcloud)

www.facebook.com/blackbirdplc (http://www.facebook.com/blackbirdplc)

www.youtube.com/c/blackbirdcloud (http://www.youtube.com/c/blackbirdcloud)

www.elevate.io

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Syarifah Aidid
 2    Reason for the notification
 a)   Position/status                                              A person closely associated with Ian McDonough
 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  Ordinary Shares of 0.8p each

      Identification code

                                                                   GB0004740477
 b)   Nature of the transaction                                    Purchase of ordinary shares

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   3.98p     100,628

                                                                   3.8p      157,893
 d)   Aggregated information

      - Aggregated volume                                          258,521

      - Price                                                      3.870p

 e)   Date of the transaction                                      20 June 2024

                                                                   21 June 2024
 f)   Place of the transaction                                     London Stock Exchange, XLON

2

Reason for the notification

a)

Position/status

A person closely associated with Ian McDonough

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 each

 

GB0004740477

b)

Nature of the transaction

Purchase of ordinary shares

 

 

c)

Price(s) and volume(s)

 Price(s)  Volume(s)
 3.98p     100,628

 3.8p      157,893

d)

Aggregated information

- Aggregated volume

- Price

 

258,521

3.870p

 

e)

Date of the transaction

20 June 2024

21 June 2024

f)

Place of the transaction

London Stock Exchange, XLON

 

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