Exercise of Options and Issue of Equity

RNS Number : 9035O

Blackbird PLC

07 October 2019

 

7 October 2019

Blackbird plc

("Blackbird" or the "Company")

Exercise of Options and Issue of Equity

Blackbird plc (AIM: BIRD), the developer and seller of cloud video platform technology using its patented Blackbird technology, has made an application to the London Stock Exchange for the admission to trading on AIM ("Admission") of 200,000 new ordinary shares of 0.8p each in the Company ("New Ordinary Shares"). 

The New Ordinary Shares have been issued pursuant to the exercise of options awarded to a former employee under the Company's existing share option scheme. The New Ordinary Shares rank, pari passu, in all respects with the Company's existing ordinary shares and Admission is expected to become effective at 8.00 am on 10 October 2019.

Total Voting Rights

Following Admission, the issued share capital of the Company will consist of 295,686,199 ordinary shares of 0.8p each ("Ordinary Shares"), with one voting right per share. 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 295,686,199. From Admission, this figure 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 to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Contacts:

Blackbird plc	Tel: [phone]
Ian McDonough, Chief Executive Officer
Stephen White, Chief Financial and Operating Officer
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.

Blackbird® 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

 

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