Block Admission Application

RNS Number : 4405R

Blackbird PLC

30 June 2020

 

30 June 2020

Blackbird plc

(the "Company")

Block Admission Application

Blackbird plc (AIM: BIRD), the developer and seller of the market-leading cloud video editing platform, Blackbird®, announces that an application has been made to the London Stock Exchange for a block admission to trading on AIM of 10,083,422 new ordinary shares of 0.8 pence each in the Company ("New Ordinary Shares") (the "Block Admission"). The Block Admission, representing 3% of the current issued share capital, is being made for the issue and allotment of any New Ordinary Shares arising from the exercise of options pursuant to the employee share option schemes.

Upon issue, the New Ordinary Shares will be issued credited as fully paid and rank pari passu in all respects with the existing ordinary shares of the Company. In accordance with rule 29 of the AIM Rules for Companies, the number of New Ordinary Shares issued and allotted under the Block Admission arrangement will be announced every six months.

It is expected that the Block Admission will become effective on, or around, 3 July 2020.

Enquiries:

Blackbird plc		Tel: [phone]
Ian McDonough, Chief Executive Officer
Stephen White, Chief Operating and Financial Officer
Allenby Capital Limited (Nominated Adviser and Broker)		Tel: [phone]
Nick Naylor
Nicholas Chambers

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® 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® is a registered trademark of Blackbird plc.

Website
www.blackbird.video

Social media

www.linkedin.com/company/blackbird-cloud
www.twitter.com/blackbirdcloud
www.facebook.com/blackbirdplc

www.youtube.com/blackbirdcloud

 

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