Blackbird PLC Result of General Meeting (0133X)

TIDMBIRD

RNS Number : 0133X

Blackbird PLC

16 December 2019

16 December 2019

Blackbird plc

("Blackbird" or the "Company")

Result of General Meeting

Blackbird plc (AIM: BIRD), developer and seller of the patented market-leading cloud video editing platform Blackbird, announces that at the Company's General Meeting, held earlier today, the following resolution, which relates to the Placing announced on 29 November 2019, was duly passed on a show of hands with the following table summarising proxy votes:

 
  SPECIAL RESOLUTION                   NO. OF       %     NO. OF      %              TOTAL      NO. OF 
                                        VOTES              VOTES                     VOTES       VOTES 
                                          FOR            AGAINST           CAST (EXCLUDING    WITHHELD 
                                                                                     VOTES 
                                                                                 WITHHELD) 
 Authority for the Directors 
  to allot the Company's 
  ordinary shares free 
  of shareholders pre-emption 
  rights up to an aggregate 
  nominal amount of GBP321,472    109,208,997   99.99      7,143   0.01        109,216,140       1,000 
                                 ------------  ------  ---------  -----  -----------------  ---------- 
 

Votes which have been cast at the discretion of the Chairman/other duly appointed proxy have been counted as votes for the resolution. Votes Withheld are not votes in law and do not count in the number of votes counted for or against a resolution.

Total voting rights

Further to the Company's announcement on 29 November 2019, Admission of the Second Placing Shares is expected to take place at 8:00 a.m. on 18 December 2019.

On Admission, the issued share capital of the Company will consist of 335,239,092 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 335,239,092.

From Admission, this figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement shall have the meanings given to such terms in the announcement issued by the Company dated 29 November 2019 unless otherwise defined herein.

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.

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END

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December 16, 2019 07:19 ET (12:19 GMT)