REG - Blackbird PLC - Director Subscription and Total Voting Rights

BlackbirdAnnouncement

06/03/2024 07:15

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RNS Number : 7153F  Blackbird PLC  06 March 2024

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

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 (https://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                                                         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

                                                                   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                                          n/a

      - Price
 e)   Date of the transaction                                      5 March 2024
 f)   Place of the transaction                                     Outside of a trading venue

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                                                         Stephen White
 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  Ordinary Shares of 0.8p each

      Identification code

                                                                   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                                          n/a

      - Price
 e)   Date of the transaction                                      5 March 2024
 f)   Place of the transaction                                     Outside of a trading venue

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

 

 

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