AI Terminal
BLACKBIRD PLC
Director's Dealing • Sep 6, 2023
7521_dirs_2023-09-06_22ed2c51-55d2-479e-a584-3e414c7b5e70.html
Director's Dealing
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information 
RNS Number : 5548L
Blackbird PLC
06 September 2023
6 September 2023
Blackbird plc
(the "Company")
Director/PDMR dealing
Blackbird plc (AIM: BIRD; OTCQX: BBRDF), the technology licensor, developer and seller of the market-leading cloud native video editing platform, Blackbird, was informed yesterday that, on 5 September 2023, Ian McDonough (Chief Executive Officer), Syarifah Aidid (a person closely associated with Ian McDonough) and Stephen Streater (R&D Director) all bought ordinary shares of 0.8 pence each in the Company (the "Ordinary Shares"), as set out in the table below:
| Director/PDMR | Number of Ordinary Shares bought | Price paid per Ordinary Share |
| Ian McDonough | 225,000 | 8.7p |
| Syarifah Aidid | 62,389 63,380 56,754 56,754 |
7.995p 7.87p 8.7888p 8.7888p |
| Stephen Streater | 125,000 | 8.5p |
Following the above purchases, Ian McDonough and his wife, Syarifah Aidid, now have a total beneficial interest in 10,029,656 Ordinary Shares, equivalent to approximately 2.72 per cent. of the Company's issued share capital and Stephen Streater now has a total beneficial interest in 62,785,000 Ordinary Shares, equivalent to approximately 17.05 per cent. of the Company's issued share capital
The FCA notification in relation to the above and made in accordance with the requirements of the UK Market Abuse Regulation is appended further below.
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 and Broker) | Tel: +44 (0)20 3328 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®, 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® 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® 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.
www.linkedin.com/company/blackbird-cloud
www.twitter.com/blackbirdcloud
www.youtube.com/c/Blackbirdcloud
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
| 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 instrument, type of instrument
Identification code
Ordinary Shares of 0.8p each
GB0004740477
b)
Nature of the transaction
Purchase of ordinary shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 8.7p | 225,000 |
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
5 September 2023
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 instrument, type of instrument
Identification code
Ordinary Shares of 0.8p each
GB0004740477
b)
Nature of the transaction
Purchase of ordinary shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 7.995p | 62,389 |
| 7.87p | 63,380 |
| 7.888p | 56,754 |
| 7.888p | 56,754 |
d)
Aggregated information
- Aggregated volume
- Price
239,277
N/a - see prices above
e)
Date of the transaction
5 September 2023
f)
Place of the transaction
London Stock Exchange, XLON
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 each
GB0004740477
b)
Nature of the transaction
Purchase of ordinary shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 8.5p | 125,000 |
d)
Aggregated information
- Aggregated volume
- Price
n/a
e)
Date of the transaction
5 September 2023
f)
Place of the transaction
London Stock Exchange, XLON
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHEAXNKELKDEEA