24 June 2024
Blackbird plc
(the
"Company")
Director/PDMR dealing
Blackbird plc (AIM: BIRD), the
technology licensor, developer and seller of
market-leading cloud native video editing platform, Blackbird, and
developer of the multiplayer video editor in a browser,
elevate.io, was informed on 24 June 2024, that
Syarifah Aidid (a person closely associated with Ian McDonough,
Chief Executive Officer), on 20 June bought 100,628 ordinary shares
of 0.8 pence each in the Company (the "Ordinary Shares") at 3.98p
per Ordinary Share and on 21 June bought 157,893 Ordinary Shares at
3.8p per share.
Following the above purchase Ian McDonough and
his wife, Syarifah Aidid, now have a total beneficial interest in
10,288,177 Ordinary Shares, equivalent to approximately 2.66 per
cent. of the Company's issued share capital.
The FCA notification in relation to Syarifah
Aidid's dealing and made in accordance with the requirements of the
UK Market Abuse Regulation is appended further below.
Contacts:
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 and
Broker)
Tel: +44 (0)20 3328 5656
Nick Naylor / Piers Shimwell (Corporate
Finance)
Amrit Nahal / Guy McDougall (Equity 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, 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. elevate.io, built using
Blackbird core technology, is the company's new creator SaaS
product, a browser based end-to-end content creation tool aimed at
the Creator Economy.
www.blackbird.video
www.linkedin.com/company/blackbird-cloud
www.twitter.com/blackbirdcloud
www.facebook.com/blackbirdplc
www.youtube.com/c/blackbirdcloud
www.elevate.io
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1
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Details of the person discharging managerial responsibilities
/ person closely associated
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a)
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Name
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|
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2
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Reason for the notification
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a)
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Position/status
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A person closely associated with Ian
McDonough
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b)
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Initial notification
/Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a)
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Name
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Blackbird plc
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b)
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LEI
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2138006DWRVTIAVW3415
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4
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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
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a)
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Description of the financial
instrument, type of instrument
Identification code
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Ordinary Shares of 0.8p each
GB0004740477
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b)
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Nature of the transaction
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Purchase of ordinary shares
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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3.98p
3.8p
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100,628
157,893
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d)
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Aggregated information
- Aggregated volume
- Price
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258,521
3.870p
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e)
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Date of the transaction
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20 June 2024
21 June 2024
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f)
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Place of the transaction
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London Stock Exchange, XLON
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