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 online collaborative video editing and content creation platform, elevate.io, announces that earlier today 2,685,000 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"). 1,275,000 of these options were granted to the following directors of the Company:
| Name | Title | Number of options granted | Exercise price | Number of options held post grant |
|---|---|---|---|---|
| Ian McDonough | Chief Executive Officer | 300,000 | 5.833p | 6,030,000 |
| Stephen Streater | R&D Director | 200,000 | 5.833p | 2,370,000 |
| Stephen White | Chief Operating and Financial Officer | 200,000 | 5.833p | 2,350,000 |
| Anne de Kerckhove | Chair and Non-Executive Director | 75,000 | 5.833p | 325,000 |
| Nick Lisher | Non-Executive Director | 250,000 | 5.833p | 250,000 |
| Youri Hazanov | Non-Executive Director | 250,000 | 5.833p | 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 option grant, there are a total of 31,365,000 options outstanding over unissued Ordinary Shares representing 8.17% of the Company's current ordinary share capital of 387,077,188 Ordinary Shares, which includes a total of 11,575,000 options outstanding over unissued Ordinary Shares held by Directors and PDMRs (representing 2.99% 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 5. Nick Lisher 6. Youri Hazanov |
| 2. | Reason for the Notification | |
| a) | Position/status | 1. Chief Executive Officer 2. R&D Director 3. Chief Operating and Financial Officer 4. Chair and Non-Executive Director 5. Non-Executive Director 6. 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. 5.833p 2. 5.833p 3. 5.833p 4. 5.833p 5. 5.833p 6. 5.833p 1. 300,000 2. 200,000 3. 200,000 4. 75,000 5. 250,000 6. 250,000 |
| d) | Aggregated information: -Aggregated volume -Price | n/a (single transactions) |
| e) | Date of the transaction | 16 September 2024 |
| f) | Place of the transaction | Outside a trading venue |
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