Blackbird PLC Result of AGM (5953L)

TIDMBIRD

RNS Number : 5953L

Blackbird PLC

16 May 2022

16 May 2022

Blackbird plc

(the "Company")

Result of Annual General Meeting

Blackbird plc (AIM: BIRD; OTCQX: BBRDF), the technology licensor, developer and seller of the market-leading cloud native video editing platform, Blackbird, is pleased to announce that at the Company's Annual General Meeting held earlier today, all resolutions were duly passed.

The proxy votes received from shareholders on each resolution are set out below:

 
                                   FOR                 AGAINST              Total            No. 
                                                                          votes cast       of votes 
                                                                          (excluding       withheld 
                                                                        votes withheld) 
                                No. of     % of         No.        % 
                             votes for    total    of votes       of 
                            (including    votes     against    total 
                            Chairman's     cast                votes 
                               vote on                          cast 
                           discretion) 
                         -------------           ----------  ------- 
 ORDINARY RESOLUTIONS 
 1. To receive the 
  Company's annual 
  reports and accounts 
  for the year ended 
  31 December 2021         151,161,325      100           -        -        151,161,325          100 
 2. To reappoint 
  Moore Kingston Smith 
  LLP as auditors 
  of the Company           151,156,831    99.99       4,494     0.01        151,161,325          100 
                         -------------  -------  ----------  -------  -----------------  ----------- 
 3. To reappoint 
  David Main as a 
  Director for one 
  year                     135,924,061    99.99       6,294     0.01        135,930,355   15,231,070 
                         -------------  -------  ----------  -------  -----------------  ----------- 
 4. To reappoint 
  Stephen White as 
  a Director               151,129,031    99.99       6,294     0.01        151,135,325       26,100 
                         -------------  -------  ----------  -------  -----------------  ----------- 
 5. To renew the 
  authority of the 
  Directors to allot 
  shares                   151,124,445    99.99      14,880     0.01        151,139,325       22,100 
                         -------------  -------  ----------  -------  -----------------  ----------- 
 SPECIAL RESOLUTION 
-----------------------  -------------  -------  ----------  -------  -----------------  ----------- 
 6. To renew the 
  disapplication of 
  pre-emption rights       150,851,842    99.81     287,483     0.19        151,139,325       22,100 
                         -------------  -------  ----------  -------  -----------------  ----------- 
 

Enquiries:

 
 Blackbird plc                                    Tel: [phone] 
                                                   7245 
 Ian McDonough, Chief Executive Officer 
 Stephen White, Chief Operating and Financial 
  Officer 
 
 Allenby Capital Limited (Nominated Adviser       Tel: [phone] 
  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.

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May 16, 2022 08:00 ET (12:00 GMT)