BIRD.L

Blackbird Plc
Blackbird PLC - Director/PDMR Shareholding
24th June 2024, 06:00
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RNS Number : 4889T
Blackbird PLC
24 June 2024
 

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 21 June 2024, that Stephen White, Chief Operating and Financial Officer, bought 300,000 ordinary shares of 0.8 pence each in the Company (the "Ordinary Shares") at 3.768p per Ordinary Share.

Following the above purchase Stephen White now has a total beneficial interest in 1,009,828 Ordinary Shares, equivalent to approximately 0.26 per cent. of the Company's issued share capital.

The FCA notification in relation to Stephen White'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

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stephen White



2

Reason for the notification

a)

Position/status

Chief Operating and Financial 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 instrument, type of instrument

Identification code

Ordinary Shares of 0.8p each

 

GB0004740477

b)

Nature of the transaction

Purchase of ordinary shares

 

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

3.768p

300,000


d)

Aggregated information

- Aggregated volume

- Price

 

n/a

 

e)

Date of the transaction

20 June 2024

f)

Place of the transaction

London Stock Exchange, XLON

 

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