TIDMBIRD

RNS Number : 8275M

Blackbird PLC

14 May 2020

14 May 2020

Blackbird plc

(the "Company")

Exercise of options and Total Voting Rights

Blackbird plc (AIM: BIRD), the developer and seller of the market-leading cloud video editing platform, Blackbird(R), announces that it has issued and allotted 250,000 ordinary shares of 0.8p each in the Company ("New Ordinary Shares") following an exercise of options on 13 May 2020. The exercise price was 6p per New Ordinary Share.

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. Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that admission of the 250,000 New Ordinary Shares to trading on AIM will become effective on, or around, 19 May 2020 ("Admission").

Total voting rights

Following Admission, the issued share capital of the Company will consist of 335,489,092 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 335,489,092. 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.

Enquiries:

 
 
   Blackbird plc                                  Tel: +44 (0)20 8879 
                                                  7245 
 Ian McDonough, Chief Executive Officer 
 Stephen White, Chief Operating and Financial 
  Officer 
 
 Allenby Capital Limited (Nominated Adviser     Tel: +44 (0)20 3328 
  and Broker)                                    5656 
 Nick Naylor 
 Nicholas Chambers

About Blackbird plc

Blackbird plc operates in the fast-growing SaaS and cloud video market. It has created Blackbird(R), 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(R) 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(R) 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

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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(END) Dow Jones Newswires

May 14, 2020 02:00 ET (06:00 GMT)

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