6 March 2024
Blackbird
plc
(the
"Company")
Director/PDMR
subscription
Director's interest in the
Company
Total
Voting Rights
Blackbird plc (AIM: BIRD), the
developer and seller of the market-leading cloud video platform,
Blackbird, announces that following the release of its annual
results yesterday, certain members of the Board (and associated
family members) and the Company's management have conditionally
subscribed for a total of approximately £70,000 of new shares in
the Company (the "Subscription"). The Subscription was
referenced in the Company's recent placing announcement, further
details of which were announced on 29 February 2024 (the
"Placing").
The Subscription will result in the
issue and allotment of a total of 1,166,665 new ordinary shares of
0.8 pence each in the Company (the "Subscription Shares") and is being
carried out at the same issue price as the Placing, being
6p.
Director/PDMR Subscriptions
The following Directors/PDMRs have
conditionally subscribed for shares in the Company in the amounts
set out in the table below:
|
Director/PDMR
|
Current
holding
|
% of existing ordinary
shares*
|
Subscription
Shares
|
Holding post
Subscription
|
% of enlarged share
capital
|
|
|
Ian McDonough, Chief Executive
(including family interests)
|
28,250,436
|
7.32%
|
833,333
|
29,083,769
|
7.51%
|
|
Stephen White, Chief Operating and
Financial Officer
|
543,162
|
0.14%
|
166,666
|
709,828
|
0.18%
|
|
Total
|
28,793,598
|
7.46%
|
999,999
|
29,793,597
|
7.70%
|
*Existing ordinary shares includes
the 17,500,002 ordinary shares admitted to trading on AIM on 5
March 2024
The Huyton Asphalt SSAS Pension
Fund, of which Ian McDonough, Chief Executive Officer of the
Company, is both a trustee and a beneficiary, purchased the 833,333
Subscription Shares detailed above.
The FCA notifications in relation to
the above and made in accordance with the requirements of the UK
Market Abuse Regulation are appended further below.
Admission to trading and total voting rights
Application has been made to the
London Stock Exchange plc for the Subscription Shares to be
admitted to trading on AIM. It is expected that Admission will
become effective and that dealings in the Subscription Shares on
AIM will commence at 8:00 a.m. on or around 11 March
2024.
On Admission, the Company's issued
ordinary share capital will consist of 387,077,188 ordinary shares
of 0.8 pence each in the Company (the "Ordinary Shares"), with one vote per
share. The Company does not hold any Ordinary Shares in treasury.
Therefore, on Admission, the total number of Ordinary Shares and
voting rights in the Company will be 387,077,188. With effect from
Admission, this figure may be used by shareholders in the Company
as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under
the FCA's Disclosure Guidance and Transparency Rules.
Director's interest in the Company
Following Admission, Stephen
Streater, the Company's R&D Director, will be interested in
62,785,000 Ordinary Shares which is equivalent to 16.22% of the
enlarged share capital (as enlarged by the Subscription
Shares).
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, 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 multilocation 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
www.linkedin.com/company/blackbird-cloud
www.twitter.com/blackbirdcloud
www.facebook.com/blackbirdplc
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
|
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive 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
Identification code
|
Ordinary Shares of 0.8p
each
GB0004740477
|
|
b)
|
Nature of the transaction
|
Subscription for Ordinary
Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
6p
|
166,667
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
5 March 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Operating & 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
Identification code
|
Ordinary Shares of 0.8p
each
GB0004740477
|
|
b)
|
Nature of the transaction
|
Subscription for Ordinary
Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
6p
|
166,666
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
5 March 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading venue
|