Blackbird PLC Director/PDMR Shareholding (6211H)

TIDMBIRD

RNS Number : 6211H

Blackbird PLC

01 August 2019

1 August 2019

Blackbird plc

("Blackbird" or the "Company")

Director/PDMR/PCA Shareholding

Blackbird plc (AIM: BIRD), the developer and seller of cloud video platform technology using its patented Blackbird technology, has been notified of the following transactions. On 31 July 2019, Syarifah Aidid, a person closely associated with Ian McDonough, Chief Executive Officer of the Company, purchased 250,000 ordinary shares of 0.8 pence each in the Company ("Ordinary Shares") at a price of 6.74 pence per Ordinary Share. Additionally, on 1 August 2019 Syarifah Aidid purchased a further 44,356 ordinary shares at a price of 7.00 pence per Ordinary Share.

Ian McDonough and his wife Syarifah Aidid, now together hold a total beneficial interest in 3,933,918 Ordinary Shares, equivalent to approximately 1.33 per cent. of the Company's issued share capital.

Contacts:

 
 
   Blackbird Plc                                Tel: +44 (0)20 
                                                8879 7245 
 Ian McDonough, Chief Executive Officer 
 Adrian Lambert, Marketing Director 
 
 Allenby Capital Limited (Nominated Adviser   Tel: +44 (0)20 
  and Broker)                                  3328 5656 
 Nick Naylor 
 Nicholas Chambers 
 

About Blackbird plc

Blackbird operates in the fast-growing SaaS and cloud video market, and has created the world's most advanced suite of cloud-native computing applications for video, all underpinned by its lightning-fast codec. Blackbird'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                              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)            Date(s)        Price(s)   Volume(s) 
                                         31/07/2019     6.74p      250,000 
                                          01/08/2019     7.00p      44,356 
                                                       ---------  ---------- 
     --------------------------------  ------------------------------------------ 
 d)   Aggregated information             Price   Volume(s) 
       - Aggregated volume                6.78p   294,356 
       - Price                                   ---------- 
     --------------------------------  ------------------------------------------ 
 e)   Date of the transaction           31 July 2019 and 1 August 2019 
     --------------------------------  ------------------------------------------ 
 f)   Place of the transaction          London Stock Exchange, AIM 
     --------------------------------  ------------------------------------------ 
 

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August 01, 2019 10:16 ET (14:16 GMT)