BLACKBIRD PLC

Remuneration Information • May 7, 2020

National Storage Mechanism | Additional information

RNS Number : 1899M

Blackbird PLC

07 May 2020

7 May 2020

Blackbird plc

(the "Company")

Grant of share options and issue of LTIPs

Blackbird plc (AIM: BIRD), developer and seller of market-leading cloud video platform Blackbird, announces that on 7 May 2020 options over the Company's ordinary shares of 0.8 pence (the "Ordinary Shares") were granted to the directors listed below as part of an employee-wide share option grant over 2,900,000 unissued Ordinary Shares:

Name	Title	Number of options granted	Exercise price	Number of options held post grant
Stephen Streater	R&D Director	400,000	16.5p	1,770,000
Stephen White	Chief Operating and Financial Officer	750,000	16.5p	1,750,000
Andrew Bentley	Non-Executive Chairman	100,000	16.5p	860,000
Dawn Airey	Non-Executive Director	75,000	16.5p	485,000
David Main	Non-Executive Director	75,000	16.5p	1,760,000

The options were granted under the Company's EMI share option scheme and subject to certain performance conditions.

Following the above grant there are a total of 11,755,000 share options granted over unissued Ordinary Shares granted to Directors and PDMRs representing 3.51% of the Company's current Ordinary share capital of 335,239,092 Ordinary Shares.

Ian McDonough, the Company's Chief Executive, has today been issued 275 LTIP 1 units according to the Company's Long Term Incentive Plan which was approved by shareholders at the 2019 Annual General Meeting. Under the Long Term Incentive Plan, LTIP 1 and LTIP 2 units are designed to allow individuals to share in improving shareholder value above a base share price (0.15p and 0.20p for LTIP 1 and LTIP 2 respectively) and run for 3 years. The Long Term Incentive Plan is designed to reward specific individuals for activities that drive value creation. Each of LTIP 1 and LTIP 2 consists of 5,000 LTIP units that collectively form a pool and each pool is calculated at 5% of the value above the base price. Details of the Long Term Incentive Plan are set out in the investor section of the Company's website.   

In addition to the LTIP 1 units issued today, Ian McDonough currently hold options to acquire 5,130,000 Ordinary shares pursuant to the Company's EMI share option scheme.

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
Nicholas Chambers

About Blackbird plc

Blackbird plc (AIM: BIRD, www.blackbird.video) floated in February 2000.

Blackbird develops, markets and licenses a powerful cloud video platform using its patented Blackbird technology. The technology 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.

The Blackbird technology allows full visibility of multi-location digital content, improves time to market for live content such as video clips and highlights for social media distribution, and results in much more effective monetisation.

Blackbird® 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 instrument, type of instrument

Identification code

Ordinary Shares of 0.8p

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
16.5p	400,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

7 May 2020

f)

Place of the transaction

Outside of a trading venue - grant of options

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

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
16.5p	750,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

7 May 2020

f)

Place of the transaction

Outside of a trading venue - grant of options

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Bentley

2

Reason for the notification

a)

Position/status

Non-Executive Chairman

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

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
16.5p	100,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

7 May 2020

f)

Place of the transaction

Outside of a trading venue - grant of options

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Dawn Airey

2

Reason for the notification

a)

Position/status

Non-Executive 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 instrument, type of instrument

Identification code

Ordinary Shares of 0.8p

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
16.5p	75,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

7 May 2020

f)

Place of the transaction

Outside of a trading venue - grant of options

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Main

2

Reason for the notification

a)

Position/status

Non-Executive 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 instrument, type of instrument

Identification code

Ordinary Shares of 0.8p

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
16.5p	75,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

7 May 2020

f)

Place of the transaction

Outside of a trading venue - grant of options

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