Director Subscription and Total Voting Rights
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Total Voting Rights
Blackbird 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").
The 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.
Director/PDMR Subscriptions
The following Directors/PDMRs have conditionally subscribed for shares in the Company in the amounts set out in the table below:
| Director/PDMR | Current holding | % of existing ordinary shares* | Subscription Shares | Holding post Subscription | % of enlarged share capital |
|---|---|---|---|---|---|
| Ian McDonough, Chief Executive (including family interests) | 28,250,436 | 7.32% | 833,333 | 29,083,769 | 7.51% |
| Stephen White, Chief Operating and Financial Officer | 543,162 | 0.14% | 166,666 | 709,828 | 0.18% |
| Total | 28,793,598 | 7.46% | 999,999 | 29,793,597 | 7.70% |
*Existing ordinary shares includes the 17,500,002 ordinary shares admitted to trading on AIM on 5 March 2024
The 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.
The FCA notifications in relation to the above and made in accordance with the requirements of the UK Market Abuse Regulation are appended further below.
Admission to trading and total voting rights
Application 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 become effective and that dealings in the Subscription Shares on AIM will commence at 8:00 a.m. on or around 11 March 2024.
On Admission, the Company's issued ordinary share capital will consist of 387,077,188 ordinary shares of 0.8 pence each in the Company (the "Ordinary Shares"), with one vote per share. The Company does not hold any Ordinary Shares in treasury. Therefore, on Admission, the total number of Ordinary Shares and voting rights in the Company will be 387,077,188. With effect from Admission, this figure may be used by shareholders in the Company 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 under the FCA's Disclosure Guidance and Transparency Rules.
Director's interest in the Company
Following Admission, Stephen Streater, the Company's R&D Director, will be interested in 62,785,000 Ordinary Shares which is equivalent to 16.22% of the enlarged share capital (as enlarged by the Subscription Shares).
| 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 | ||||
| a) | Name | Blackbird plc | ||||
| b) | LEI | 2138006DWRVTIAVW3415 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.8p each GB0004740477 | ||||
| b) | Nature of the transaction | Subscription for Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | n/a | ||||
| e) | Date of the transaction | 5 March 2024 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
| 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 & Financial Officer | ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| a) | Name | Blackbird plc | ||||
| b) | LEI | 2138006DWRVTIAVW3415 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.8p each GB0004740477 | ||||
| b) | Nature of the transaction | Subscription for Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | n/a | ||||
| e) | Date of the transaction | 5 March 2024 | ||||
| f) | Place of the transaction | Outside of a trading venue |
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