TIDMBIRD

RNS Number : 7154V

Blackbird PLC

04 December 2019

4 December 2019

Blackbird plc

("Blackbird" or the "Company")

Director/PDMR Shareholding and Total Voting Rights

Blackbird plc (AIM: BIRD), developer and seller of the patented market-leading cloud video editing platform Blackbird, announces an update on the Director/PDMR shareholdings in the Company pursuant to the Company's placing announced on 29 November 2019 (the "Placing"). Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the announcement issued by the Company dated 29 November 2019 unless otherwise defined herein.

The table below sets out the Directors' shareholdings in the Company subsequent to the First Admission (which occurred this morning) and to the Second Admission (which is expected to occur on 18 December 2019 and is subject to shareholder approval).

 
                         Prior to the Placing               First Admission              Second Admission 
 Director                                                                               Expected       Expected 
                              Number     Percentage         Number     Percentage         Number     Percentage 
                         of Ordinary    of Ordinary    of Ordinary    of Ordinary    of Ordinary    of Ordinary 
                              Shares         Shares         Shares         Shares         Shares         Shares 
 Stephen Streater         64,485,714         21.81%     64,485,714         19.86%     64,485,714         19.24% 
 Ian McDonough*           20,082,796          6.79%     20,082,796          6.19%     22,752,804          6.79% 
 Stephen White                     -              -              -              -        214,286          0.06% 
 Andrew Bentley               30,000          0.01%         30,000          0.01%        101,429          0.03% 
 David Main*               1,035,714          0.35%      1,035,714          0.32%      1,107,143          0.33% 
 Dawn Airey                        -              -              -              -         71,429          0.02% 
 
 

*and family interests

Total Voting Rights

Following First Admission which occurred on 4 December 2019, the Company's enlarged issued share capital comprises 324,623,725 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 324,623,725.

Following Second Admission, the Company's enlarged issued share capital will comprise 335,239,092 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights will be 335,239,092.

These figures 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Contacts

 
 
   Blackbird plc                                Tel: +44 (0)20 
                                                8879 7245 
 Ian McDonough, Chief Executive Officer 
 Adrian Lambert, Marketing Director 
 
 Allenby Capital Limited (Nominated Adviser   Tel: +44 (0)20 
  and Broker)                                  3328 5656 
 Nick Naylor 
 Nicholas Chambers 
 

About Blackbird plc

Blackbird operates in the fast-growing SaaS and cloud video market and has created the world's most advanced suite of cloud-native computing applications for video, all underpinned by its lightning-fast codec. Blackbird's patented technology allows for frame accurate navigation, playback, viewing and editing in the cloud. Blackbird underpins 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 social media distribution, and ultimately results in much more effective monetisation.

Blackbird(R) is a registered trademark of Blackbird plc.

Websites

www.blackbird.video

Social media

www.linkedin.com/company/blackbird-cloud

www.twitter.com/blackbirdcloud

www.facebook.com/blackbirdplc

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      Ordinary shares of 0.8p each in 
       instrument, type of instrument    Blackbird plc 
       Identification code 
                                         Identification code (ISIN) for Blackbird 
                                         plc ordinary shares: GB0004740477 
     --------------------------------  ------------------------------------------ 
 b)   Nature of the transaction         Purchase of Ordinary Shares 
     --------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          14p        717,136 
                                                    ---------- 
     --------------------------------  ------------------------------------------ 
 d)   Aggregated information            N/A 
       - Aggregated volume 
       - Price 
     --------------------------------  ------------------------------------------ 
 e)   Date of the transaction           18 December 2019 
     --------------------------------  ------------------------------------------ 
 f)   Place of the transaction          Outside a Trading Venue - placing 
                                         of new ordinary shares 
     --------------------------------  ------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Andrew Bentley 
     --------------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status                   Non-Executive Chairman 
     --------------------------------  ------------------------------------------ 
 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      Ordinary shares of 0.8p each in 
       instrument, type of instrument    Blackbird plc 
       Identification code 
                                         Identification code (ISIN) for Blackbird 
                                         plc ordinary shares: GB0004740477 
     --------------------------------  ------------------------------------------ 
 b)   Nature of the transaction         Purchase of Ordinary Shares 
     --------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          14p        71,429 
                                                    ---------- 
     --------------------------------  ------------------------------------------ 
 d)   Aggregated information            N/A 
       - Aggregated volume 
       - Price 
     --------------------------------  ------------------------------------------ 
 e)   Date of the transaction           18 December 2019 
     --------------------------------  ------------------------------------------ 
 f)   Place of the transaction          Outside a Trading Venue - placing 
                                         of new ordinary shares 
     --------------------------------  ------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              David Main 
     --------------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status                   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      Ordinary shares of 0.8p each in 
       instrument, type of instrument    Blackbird plc 
       Identification code 
                                         Identification code (ISIN) for Blackbird 
                                         plc ordinary shares: GB0004740477 
     --------------------------------  ------------------------------------------ 
 b)   Nature of the transaction         Purchase of Ordinary Shares 
     --------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          14p        71,429 
                                                    ---------- 
     --------------------------------  ------------------------------------------ 
 d)   Aggregated information            N/A 
       - Aggregated volume 
       - Price 
     --------------------------------  ------------------------------------------ 
 e)   Date of the transaction           18 December 2019 
     --------------------------------  ------------------------------------------ 
 f)   Place of the transaction          Outside a Trading Venue - placing 
                                         of new ordinary shares 
     --------------------------------  ------------------------------------------ 
 
 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 and 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      Ordinary shares of 0.8p each in 
       instrument, type of instrument    Blackbird plc 
       Identification code 
                                         Identification code (ISIN) for Blackbird 
                                         plc ordinary shares: GB0004740477 
     --------------------------------  ------------------------------------------ 
 b)   Nature of the transaction         Purchase of Ordinary Shares 
     --------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          14p        214,286 
                                                    ---------- 
     --------------------------------  ------------------------------------------ 
 d)   Aggregated information            N/A 
       - Aggregated volume 
       - Price 
     --------------------------------  ------------------------------------------ 
 e)   Date of the transaction           18 December 2019 
     --------------------------------  ------------------------------------------ 
 f)   Place of the transaction          Outside a Trading Venue - placing 
                                         of new ordinary shares 
     --------------------------------  ------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Dawn Airey 
     --------------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status                   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      Ordinary shares of 0.8p each in 
       instrument, type of instrument    Blackbird plc 
       Identification code 
                                         Identification code (ISIN) for Blackbird 
                                         plc ordinary shares: GB0004740477 
     --------------------------------  ------------------------------------------ 
 b)   Nature of the transaction         Purchase of Ordinary Shares 
     --------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          14p        71,429 
                                                    ---------- 
     --------------------------------  ------------------------------------------ 
 d)   Aggregated information            N/A 
       - Aggregated volume 
       - Price 
     --------------------------------  ------------------------------------------ 
 e)   Date of the transaction           18 December 2019 
     --------------------------------  ------------------------------------------ 
 f)   Place of the transaction          Outside a Trading Venue - placing 
                                         of new ordinary shares 
     --------------------------------  ------------------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 04, 2019 11:31 ET (16:31 GMT)

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