TIDMBIRD

RNS Number : 5466L

Blackbird PLC

30 April 2020

30 April 2020

Blackbird plc

(the "Company")

Director/PDMR/PCA Shareholding

Blackbird (AIM: BIRD), the developer and seller of the market-leading cloud video editing platform, Blackbird , was informed that earlier today Stephen Streater, R&D Director of the Company, sold 1,825,714 ordinary shares of 0.8 pence each in the Company ("Ordinary Shares") at a price of 14.02 pence per Ordinary Share. Stephen Streater now holds a total beneficial interest in 62,660,000 Ordinary Shares, equivalent to approximately 18.69 per cent. of the Company's issued share capital.

The Company was also informed that earlier today Ian McDonough, Chief Executive Officer of the Company, purchased 1,591,420 Ordinary Shares at a price of 14.02 pence per Ordinary Share. Of the 1,591,420 Ordinary Shares purchased by Ian McDonough, 142,653 Ordinary Shares were purchased through his ISA. Separately, earlier today Ian McDonough purchased a further 85,000 Ordinary Shares at a price of 14 pence per Ordinary Share. Additionally, earlier today, Syarifah Aidid, a person closely associated with Ian McDonough, purchased 142,653 Ordinary Shares at a price of 14.02 pence per Ordinary Share through her ISA. Ian McDonough and his wife Syarifah Aidid, now together hold a total beneficial interest in 7,930,236 Ordinary Shares, equivalent to approximately 2.37 per cent. of the Company's issued share capital. The McDonough Family now together hold a total beneficial interest in 24,571,877 Ordinary Shares, equivalent to approximately 7.33 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 
 Nicholas Chambers 
 
 

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 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(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

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                              Stephen Streater 
     --------------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status                   R&D Director 
     --------------------------------  ------------------------------------------ 
 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 in 
       instrument, type of instrument    Blackbird plc 
       Identification code 
                                         Identification code (ISIN) for Blackbird 
                                         plc ordinary shares: GB0004740477 
     --------------------------------  ------------------------------------------ 
 b)   Nature of the transaction         Sale of Ordinary Shares 
     --------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          14.02p     1,825,714 
                                                    ---------- 
     --------------------------------  ------------------------------------------ 
 d)   Aggregated information            N/A 
       - Aggregated volume 
       - Price 
     --------------------------------  ------------------------------------------ 
 e)   Date of the transaction           30 April 2020 
     --------------------------------  ------------------------------------------ 
 f)   Place of the transaction          Outside a Trading Venue 
     --------------------------------  ------------------------------------------ 
 
 
 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 in 
       instrument, type of instrument    Blackbird plc 
       Identification code 
                                         Identification code (ISIN) for Blackbird 
                                         plc ordinary shares: GB0004740477 
     --------------------------------  ------------------------------------------ 
 b)   Nature of the transaction         Purchase of Ordinary Shares 
     --------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          14.02p     1,591,420 
                                                    ---------- 
     --------------------------------  ------------------------------------------ 
 d)   Aggregated information            N/A 
       - Aggregated volume 
       - Price 
     --------------------------------  ------------------------------------------ 
 e)   Date of the transaction           30 April 2020 
     --------------------------------  ------------------------------------------ 
 f)   Place of the transaction          Outside a Trading Venue 
     --------------------------------  ------------------------------------------ 
 
 
 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 in 
       instrument, type of instrument    Blackbird plc 
       Identification code 
                                         Identification code (ISIN) for Blackbird 
                                         plc ordinary shares: GB0004740477 
     --------------------------------  ------------------------------------------ 
 b)   Nature of the transaction         Purchase of Ordinary Shares 
     --------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          14p        85,000 
                                                    ---------- 
     --------------------------------  ------------------------------------------ 
 d)   Aggregated information            N/A 
       - Aggregated volume 
       - Price 
     --------------------------------  ------------------------------------------ 
 e)   Date of the transaction           30 April 2020 
     --------------------------------  ------------------------------------------ 
 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 in 
       instrument, type of instrument    Blackbird plc 
       Identification code 
                                         Identification code (ISIN) for Blackbird 
                                         plc ordinary shares: GB0004740477 
     --------------------------------  ------------------------------------------ 
 b)   Nature of the transaction         Purchase of Ordinary Shares 
     --------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          14.02p     142,653 
                                                    ---------- 
     --------------------------------  ------------------------------------------ 
 d)   Aggregated information            N/A 
       - Aggregated volume 
       - Price 
     --------------------------------  ------------------------------------------ 
 e)   Date of the transaction           30 April 2020 
     --------------------------------  ------------------------------------------ 
 f)   Place of the transaction          Outside a Trading Venue 
     --------------------------------  ------------------------------------------ 
 

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END

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April 30, 2020 11:11 ET (15:11 GMT)