Blackbird PLC Director/PDMR Shareholding (4647L)
13 May 2022 - 9:00PM
UK Regulatory
TIDMBIRD
RNS Number : 4647L
Blackbird PLC
13 May 2022
13 May 2022
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 12 May
2022, Ian McDonough, Chief Executive Officer and Syarifah Aidid, a
person closely associated with Ian McDonough, each bought 125,000
ordinary shares of 0.8 pence each in the Company ("Ordinary
Shares") at a price of 15.90 pence per Ordinary Share. Following
the above purchases, Ian McDonough and his wife, Syarifah Aidid,
now have a total beneficial interest in 9,565,379 Ordinary Shares,
equivalent to approximately 2.60 per cent. of the Company's issued
share capital.
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/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(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) 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(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 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.
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 Ian McDonough
--------------------------------- -----------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Chief Executive 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 Ordinary Shares of 0.8p each
instrument, type of instrument
Identification code
--------------------------------- -----------------------------
b) Nature of the transaction Purchase of ordinary shares
--------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
15.90p 125,000
--------------------------------- -----------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
--------------------------------- -----------------------------
e) Date of the transaction 12 May 2022
--------------------------------- -----------------------------
f) Place of the transaction London Stock Exchange, XLON
--------------------------------- -----------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Syarifah Aidid
-------------------------------- ----------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status A person closely associated with
the Chief Executive Officer, Ian
McDonough
-------------------------------- ----------------------------------
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 Ordinary Shares of 0.8p each
instrument, type of instrument
Identification code
-------------------------------- ----------------------------------
b) Nature of the transaction Purchase of ordinary shares
-------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
15.90p 125,000
-------------------------------- ----------------------------------
d) Aggregated information n/a
- Aggregated volume
- Price
-------------------------------- ----------------------------------
e) Date of the transaction 12 May 2022
-------------------------------- ----------------------------------
f) Place of the transaction London Stock Exchange, XLON
-------------------------------- ----------------------------------
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END
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