REG - Blackbird PLC - Update on OTCQX Market Listing

BlackbirdAnnouncement

22/12/2023 09:00

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RNS Number : 5287X  Blackbird PLC  22 December 2023

22 December 2023

 

Blackbird plc

(the "Company")

 

Update on OTCQX Market Listing

 

Blackbird plc (AIM:BIRD; OTCQX:BBRDF), the technology licensor, developer and
seller of the market-leading cloud video editing platform, Blackbird®,
announces that, with effect from 31 December 2023, its ordinary shares
("Ordinary Shares") will cease to trade on the OTCQX Best Market in the United
States ("OTCQX").

 

The Company's Ordinary Shares began trading on OTCQX on 28 July 2021 but there
has been limited trading since that date. As such, the expenses associated
with the Company's Ordinary Shares trading on OTCQX outweigh the benefits for
Blackbird shareholders.

 

The Ordinary Shares will continue to be admitted to trading on AIM as the
Company's primary market.

 

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, 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.

 

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)

 

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