REG - Blackbird PLC - Director/PDMR Shareholding

BlackbirdAnnouncement

13/05/2022 12:00

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RNS Number : 4647L  Blackbird PLC  13 May 2022

13 May 2022

 

Blackbird plc

(the "Company")

 

Director / PDMR Shareholding

 

Blackbird plc (AIM: BIRD; OTCQX: BBRDF), the technology licensor, developer
and seller of the market-leading cloud native video editing platform,
Blackbird, was informed that, on 12 May 2022, Ian McDonough, Chief Executive
Officer and Syarifah Aidid, a person closely associated with Ian McDonough,
each bought 125,000 ordinary shares of 0.8 pence each in the Company
("Ordinary Shares") at a price of 15.90 pence per Ordinary Share. Following
the above purchases, Ian McDonough and his wife, Syarifah Aidid, now have a
total beneficial interest in 9,565,379 Ordinary Shares, equivalent to
approximately 2.60 per cent. of the Company's issued share capital.

 

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 (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, 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.

 

 

 

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                                                         Ian McDonough
 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  Ordinary Shares of 0.8p each

      Identification code
 b)   Nature of the transaction                                    Purchase of ordinary shares

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   15.90p    125,000
 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      12 May 2022
 f)   Place of the transaction                                     London Stock Exchange, XLON

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

b)

Nature of the transaction

Purchase of ordinary shares

 

 

c)

Price(s) and volume(s)

 Price(s)  Volume(s)
 15.90p    125,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

12 May 2022

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 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 the Chief Executive Officer, 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
 b)   Nature of the transaction                                    Purchase of ordinary shares

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   15.90p    125,000
 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      12 May 2022
 f)   Place of the transaction                                     London Stock Exchange, XLON

2

Reason for the notification

a)

Position/status

A person closely associated with the Chief Executive Officer, 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

b)

Nature of the transaction

Purchase of ordinary shares

 

 

c)

Price(s) and volume(s)

 Price(s)  Volume(s)
 15.90p    125,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

12 May 2022

f)

Place of the transaction

London Stock Exchange, XLON

 

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