Blackbird PLC Blackbird commences trading on the OTCQX Market (6728G)
July 28 2021 - 2:00AM
UK Regulatory
TIDMBIRD
RNS Number : 6728G
Blackbird PLC
28 July 2021
28 July 2021
Blackbird plc
(the "Company")
Blackbird commences trading on the OTCQX Market in United
States
London - Blackbird plc (AIM: BIRD; OTCQX: BBRDF), the developer
and seller of the market-leading, patented cloud native video
editing platform Blackbird(R), is pleased to announce that trading
in the Company's Ordinary Shares will begin today on the OTCQX Best
Market, in the United States, under the ticker symbol "BBRDF".
Trading on the US OTC market will have no direct impact on the
trading of Blackbird's existing ordinary shares on AIM and no new
ordinary shares will be issued as part of the cross-trade.
The Company believes that having its Ordinary Shares traded on
the OTCQX will provide enhanced investor benefits, including easier
trading access for investors located in the US, and greater
liquidity due to a broader geographic pool of potential
investors.
Ian McDonough, Chief Executive of Blackbird, said: " We are
thrilled to begin trading on the OTCQX Best Market. This
cross-trading facility provides a fantastic opportunity to open up
investment in Blackbird to the North American investor community.
Blackbird is a fast growing, innovative and disruptive media
technology company. The Company holds significant IP and is an
advanced platform in the rapidly growing cloud-native video editing
market. In addition, in the recently published report "Video
Shouldn't Cost the Earth" Blackbird's workflow was shown to be 91%
more carbon efficient than cloud workflows from traditional
non-linear editor platforms.
"We have strong recent sales growth with high profile North
American customers. We welcome the chance to share our fast
developing and exciting story on the US stage as well as the UK
one."
Jonathan Dickson, Vice President of Corporate affairs, OTC said:
"We are delighted to welcome Blackbird plc to the OTCQX Best
Market. With its primary listing remaining on London's AIM, the
OTCQX Market's cross-trading facility will allow Blackbird to
broaden its horizons and provide investors in the United States
with the ability to access the company's Ordinary Shares in US
dollars and during US market hours."
Enquiries:
Blackbird plc Tel: +44 (0)20
8879 7245
Ian McDonough, Chief Executive Officer
Stephen White, Chief Operating and Financial
Officer
Allenby Capital Limited (Nominated Adviser Tel: +44 (0)20
and Broker) 3328 5656
Nick Naylor (Corporate Finance)
Amrit Nahal (Sales and Corporate Broking)
About Blackbird plc
Blackbird plc operates in the fast-growing SaaS and cloud video
market. It has created Blackbird(R), the world's most advanced
suite of cloud-native computing applications for video, all
underpinned by its lightning-fast codec. Blackbird plc's patented
technology allows for frame accurate navigation, playback, viewing
and editing in the cloud. Blackbird(R) underpins multiple
applications, which are used by rights holders, broadcasters,
sports and news video specialists, esports, live events and content
owners, post-production houses, other mass market digital video
channels and corporations.
Since it is cloud-native, Blackbird(R) removes the need for
costly, high end workstations and can be used from almost anywhere
on almost any device. It also allows full visibility on
multi-location digital content, improves time to market for live
content such as video clips and highlights for digital
distribution, and ultimately results in much more effective
monetisation.
Blackbird(R) is a registered trademark of Blackbird plc.
Websites
www.blackbird.video
Social media
www.linkedin.com/company/blackbird-cloud
www.twitter.com/blackbirdcloud
www.facebook.com/blackbirdplc
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