Update re Admission of the Second Placing Shares

RNS Number : 2228X

Blackbird PLC

17 December 2019

 

17 December 2019

Blackbird plc

("Blackbird" or the "Company")

Update re Admission of the Second Placing Shares

Blackbird plc (AIM: BIRD), developer and seller of the patented market-leading cloud video editing platform Blackbird, announces that further to the announcement on 16 December 2019, the Company and Allenby Capital Limited ("Allenby Capital") have agreed that the date for admission of the Second Placing Shares to trading on AIM, to be issued pursuant to the Placing announced on 29 November 2019, shall be amended to 23 December 2019. Application has been made to the London Stock Exchange for admission and it is expected that Admission will take place at 8.00 am on 23 December 2019 at which time the Placing will become unconditional.

Total voting rights

On Admission, the issued share capital of the Company will consist of 335,239,092 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 335,239,092.

From Admission, this figure may be used by Shareholders 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 pursuant to the FCA's Disclosure Guidance and Transparency Rules.

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.

Contacts

Blackbird plc	Tel: [phone]
Ian McDonough, Chief Executive Officer
Adrian Lambert, Marketing Director
Allenby Capital Limited (Nominated Adviser and Broker)	Tel: [phone]
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.

 

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