REG - Blackbird PLC - Grant of share options

BlackbirdAnnouncement

16/09/2024 12:00

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RNS Number : 3135E  Blackbird PLC  16 September 2024

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 (http://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 (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

 

 

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     1.   300,000

                                                                  2.   5.833p     2.   200,000

                                                                  3.   5.833p     3.   200,000

                                                                  4.   5.833p     4.   75,000

                                                                  5.   5.833p     5.   250,000

                                                                  6.   5.833p     6.   250,000
 d)  Aggregated information:                                      n/a (single transactions)

     -Aggregated volume

     -Price
 e)  Date of the transaction                                      16 September 2024
 f)  Place of the transaction                                     Outside a trading venue

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

 

 

 

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