Grant of share options
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Blackbird plc (AIM:BIRD), the technology licensor, developer and seller of market-leading cloud native video editing platform, Blackbird, and developer of the multiplayer editor in a browser, elevate.io, announces that 2,620,000 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"). 950,000 options were granted to the following directors:
| Name | Title | Number of options granted | Exercise price | Number of options held post grant |
|---|---|---|---|---|
| Ian McDonough | Chief Executive Officer | 300,000 | 5.35p | 5,730,000 |
| Stephen Streater | R&D Director | 200,000 | 5.35p | 2,170,000 |
| Stephen White | Chief Operating and Financial Officer | 200,000 | 5.35p | 2,150,000 |
| Anne de Kerckhove | Senior Independent Non-Executive Director | 250,000 | 5.35p | 250,000 |
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.
Following the above grant, there are a total of 28,350,000 options outstanding over unissued Ordinary Shares representing 7.32% of the Company's current ordinary share capital of 387,077,188 Ordinary Shares, which includes a total of 11,260,000 options outstanding over unissued Ordinary Shares relating to Directors and PDMRs representing 2.91% of the Company's current ordinary share capital.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Ian McDonough 2. Stephen Streater 3. Stephen White 4. Anne de Kerckhove |
| 2. | Reason for the Notification | |
| a) | Position/status | 1. Chief Executive Officer 2. R&D Director 3. Chief Operating and Financial Officer 4. Senior Independent Non-Executive Director |
| b) | Initial notification/Amendment | Initial Notification |
| a) | Name | Blackbird plc |
| b) | LEI | 2138006DWRVTIAVW3415 |
| 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 options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. 5.35p 2. 5.35p 3. 5.35p 4. 5.35p 1. 300,000 2. 200,000 3. 200,000 4. 250,000 |
| d) | Aggregated information: -Aggregated volume -Price | n/a (single transactions) |
| e) | Date of the transaction | 24 April 2024 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.