Grant of share options
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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.
| 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 | |
| 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 |
| 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 share options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. 2.8167p 2. 2.8167p 3. 2.8167p 4. 2.8167p 5. 2.8167p 1. 450,000 2. 300,000 3. 300,000 4. 50,000 5. 50,000 |
| 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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