12 Mar 2014 07:00
AIM Rule 21 Notification
London, England and San Francisco, CA - 12 March 2014 - blinkx plc ("blinkx" or the "Company") announces in accordance with AIM Rule 21 that, in relation to the Restricted Stock Units plan (the "Plan") announced by the Company in 2013, the Company has established arrangements with the administrator of the Plan (Computershare) that allow Computershare to sell sufficient shares to cover tax arising on the calendar quarterly vesting of shares under the Plan. It is anticipated that vesting will occur ten days before last day of each quarter for the duration of the Plan and such sales from Computershare will occur on or within several days of such vesting date.
Participants under the plan have entered into legally binding commitments to allow Computershare to sell sufficient shares to cover tax on the vesting of the shares for that participant. None of the vesting or sales dates will fall within any close period (as defined in the AIM Rules for Companies) that is currently reasonably foreseeable, although it is possible in the future that a close period that is not currently reasonably foreseeable will arise and that a vest date and subsequent sale by Computershare on behalf of a participant who would otherwise not be able to deal in the Company's securities may occur.
For further information please contact:
Analyst and Investor Contact Dan Slivjanovski blinkx plc (US) 650 731 2431
| Financial Media Contacts Edward Bridges/Charles Palmer FTI Consulting (UK) 020 7831 3113 |
NOMAD for blinkx plc Charles Lytle/Christopher Wren Citigroup Global Markets Limited (UK) 020 7986 9756 | Joint Broker for blinkx plc Lorna Tilbian/Mark Lander/Nick WestlakeNumis Securities Limited(UK) 020 7260 1000
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About blinkx
blinkx (LSE AIM: BLNX) is an Internet media company that connects consumers and brands through premium content online. Founded in 2004, blinkx pioneered Internet Video Search using its patented COncept Recognition Engine (CORE). This technology leverages speech recognition, text and image analysis to deeply understand the meaning and context of video content to generate improved search relevancy for consumers and a brand safe environment for advertisers. Today, blinkx is a broad digital media technology, distribution and monetization platform that connects consumers, advertisers and content across four screens. Through its partnerships with hundreds of media companies, including ABC, NBC, Conde Nast, Reuters and Bloomberg, blinkx has indexed and search enabled millions of hours of video content. blinkx powers video search, discovery or monetization on thousands of online properties including Lycos, ABC, CBS and Fox Sports. blinkx is headquartered in San Francisco, California with 15 offices worldwide. For more information please visit www.blinkx.com.