Director/PDMR Shareholding

RNS Number : 0776U

Blackbird PLC

24 March 2023

 

24 March 2023

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 23 March  2023, Stephen White, Chief Operating and Financial Officer bought 82,739 ordinary shares of 0.8 pence each in the Company ("Ordinary Shares") at a price of 7.85 pence per Ordinary Share and 43,688 Ordinary Shares at a price of 8.0 pence per Ordinary Share. Following the above purchases, Stephen White now has a total beneficial interest in 543,162 Ordinary Shares, equivalent to approximately 0.15 per cent. of the Company's issued share capital.

The FCA notification in relation to the above and made in accordance with the requirements of the UK Market Abuse Regulation is appended further below.

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/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.

www.blackbird.vide o

www.linkedin.com/company/blackbird-cloud

www.twitter.com/blackbirdcloud

www.facebook.com/blackbirdplc

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	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 instrument, type of instrument Identification code	Ordinary Shares of 0.8p each GB0004740477
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 7.85p 82,739 8.00p 43,688
d)	Aggregated information - Aggregated volume - Price	126,427 N/a - see prices above
e)	Date of the transaction	23 March 2023
f)	Place of the transaction	London Stock Exchange, XLON

 

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