Business
Director Subscription and Total Voting Rights
Director Subscription and Total Voting Rights.
About this update from Blackbird Plc
[{"type":"text","content":"\n\n6 March 2024\n \nBlackbird plc\n(the \"Company\")\n \nDirector/PDMR subscription\n \nDirector's interest in the Company\n \nTotal Voting Rights\n \nBlackbird plc (AIM: BIRD), the developer and seller of the market-leading cloud video platform, Blackbird, announces that following the release of its annual results yesterday, certain members of the Board (and associated family members) and the Company's management have conditionally subscribed for a total of approximately £70,000 of new shares in the Company (the \"Subscription\"). The Subscription was referenced in the Company's recent placing announcement, further details of which were announced on 29 February 2024 (the \"Placing\").\n \nThe Subscription will result in the issue and allotment of a total of 1,166,665 new ordinary shares of 0.8 pence each in the Company (the \"Subscription Shares\") and is being carried out at the same issue price as the Placing, being 6p.\n \nDirector/PDMR Subscriptions\nThe following Directors/PDMRs have conditionally subscribed for shares in the Company in the amounts set out in the table below:\n\n\n\n\nDirector/PDMR\n\n\nCurrent holding\n\n\n% of existing ordinary shares*\n \n\n\nSubscription Shares\n\n\nHolding post Subscription\n\n\n% of enlarged share capital\n\n\n \n\n\n\n\nIan McDonough, Chief Executive (including family interests)\n \n\n\n28,250,436\n\n\n7.32%\n\n\n833,333\n\n\n29,083,769\n\n\n7.51%\n\n\n\n\nStephen White, Chief Operating and Financial Officer\n \n\n\n543,162\n\n\n0.14%\n\n\n166,666\n\n\n709,828\n\n\n0.18%\n\n\n\n\nTotal\n\n\n28,793,598\n\n\n7.46%\n\n\n999,999\n\n\n29,793,597\n\n\n7.70%\n\n\n\n\n \n*Existing ordinary shares includes the 17,500,002 ordinary shares admitted to trading on AIM on 5 March 2024\nThe Huyton Asphalt SSAS Pension Fund, of which Ian McDonough, Chief Executive Officer of the Company, is both a trustee and a beneficiary, purchased the 833,333 Subscription Shares detailed above.\nThe FCA notifications in relation to the above and made in accordance with the requirements of the UK Market Abuse Regulation are appended further below.\n \nAdmission to trading and total voting rights\nApplication has been made to the London Stock Exchange plc for the Subscription Shares to be admitted to trading on AIM. It is expected that Admission will...