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12 August 2025
Blackbird plc
(the "Company")
Grant of share options
Blackbird plc (AIM:BIRD), the technology licensor, developer and seller of both the market-leading cloud native video editing platform, Blackbird, and the multiplayer editor in a browser, elevate.io, announces that 2,960,000 options were granted over the Company's ordinary shares of 0.8 pence (the "Ordinary Shares") as part of an employee-wide share option grant under the Company's EMI share option scheme (the "Scheme"). 1,150,000 options were granted to the following directors:
|
Name |
Title |
Number of options granted |
Exercise price |
Number of options held post grant |
|
|
Ian McDonough |
Executive Chair |
450,000 |
2.8167p |
6,480,000 |
|
|
Stephen Streater |
R&D Director |
300,000 |
2.8167p |
2,670,000 |
|
|
Stephen White |
Chief Operating and Financial Officer |
300,000 |
2.8167p |
2,650,000 |
|
|
Nick Lisher |
Non-Executive Director |
50,000 |
2.8167p |
300,000 |
|
|
Youri Hazanov |
Non-Executive Director |
50,000 |
2.8167p |
300,000 |
Under the Scheme the options are subject to certain performance conditions and the exercise price has been calculated based upon the average closing price of the Company's shares for the last three days. Pursuant to the Scheme, the options vest three years following the date of grant and will then be exercisable for seven years once vested.
Following the above grant, there are a total of 27,795,000 options outstanding over unissued Ordinary Shares representing 6.07% of the Company's current ordinary share capital of 458,049,306 Ordinary Shares, which includes a total of 12,400,000 options outstanding over unissued Ordinary Shares relating to Directors and PDMRs representing 2.71% of the Company's current ordinary share capital.
The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation is appended further below.
Contacts:
Blackbird plc Tel: +44 (0)20 8879 7245
Ian McDonough, Executive Chair
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 / Guy McDougall (Equity Sales and Corporate Broking)
About Blackbird plc
Blackbird plc operates in the fast-growing SaaS, Media and Entertainment and content creation markets. Blackbird plc's patented technology allows for frame accurate navigation, playback, viewing and editing in the cloud and it has two products.
BlackbirdⓇ a market leading suite of cloud-native computing applications, is used by rights holders, broadcasters, sports and news video specialists, live events and content owners, post production houses, other mass market digital video channels and corporations.
elevate.io is the company's new online collaborative content creation platform currently in general release. elevate.io is built using Blackbird's core technology and is aimed at professional teams and the fast growing Creator Economy.
Blackbird plc also licences its core video technology, under its 'Powered by Blackbird' licensing model, enabling video companies to accelerate their path to true cloud business models.
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 |
1. Ian McDonough 2. Stephen Streater 3. Stephen White 4. Nick Lisher 5. Youri Hazanov |
||||
|
2. |
Reason for the Notification |
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|
a) |
Position/status |
1. Executive Chair 2. R&D Director 3. Chief Operating and Financial Officer 4. Non-Executive Director 5. 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 |
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|
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 |
Grant of options over ordinary shares of 0.8p each
|
||||
|
Identification code |
ISIN: GB0004740477 |
|||||
|
b) |
Nature of the transaction |
Grant of share options |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information: -Aggregated volume -Price |
n/a (single transactions) |
||||
|
e) |
Date of the transaction |
11 August 2025 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
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