Grant of share options-BLACKBIRD PLC

Grant of share options-BLACKBIRD PLC

Grant of share options

Blackbird plc (AIM:BIRD; OTCQX:BBRDF), the technology licensor, developer and seller of market-leading cloud native video editing platform, Blackbird, announces that 2,315,000 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"). 700,000 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

10.3333p

5,430,000

Stephen Streater

R&D Director

200,000

10.3333p

1,970,000

Stephen White

Chief Operating and Financial Officer

200,000

10.3333p

1,950,000

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 30,090,000 options outstanding over unissued Ordinary Shares representing 8.17% of the Company's current ordinary share capital of 368,330,521 Ordinary Shares, which includes a total of 11,195,000 options outstanding over unissued Ordinary Shares relating to Directors and PDMRs representing 3.04% 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.

No Comments

Post a Comment