London, England and San Francisco, CA – 8 January 2014 — blinkx plc (“blinkx” or the “Company”), has been notified that on 6th January, the following ordinary shares were sold to cover certain tax obligations that arose due to the vesting of shares that was announced on 6th January 2014 as part of the grant of restricted stock units under the US Share Plan for Senior Executives:
• 19,528 in the name of Subhransu Mukherjee; and
• 6,900 in the name of Suranga Chandratillake,
Following this sale Mr. Chandratillake has 183,334 restricted stock units in the Company. The remaining ordinary shares from this vesting for Mr. Chandratillake are 9,766 shares.
The Company also announces that on 7 January 2014 Mr. Mukherjee, notified the Company that in order to cover certain tax liabilities, on 7 January 2014 he exercised share options over 200,000 ordinary shares consisting of 120,000 ordinary shares at an exercise price of £0.4925 per share and 80,000 ordinary shares at an exercise price of £0.39 per share and subsequently sold these shares, together with 30,472 ordinary shares that vested (as announced on 6th January 2014) as part of the restricted stock units grant to him under the US Share Plan for Senior Executives, at an average of £2.16218 per share.
The share options were granted under the blinkx plc 2007 US Share Plan by virtue of Mr. Mukherjee’s employment with blinkx. Following this transaction, Mr. Mukherjee has 2,080,000 unexercised share options remaining in the Company and 550,000 restricted stock units, together representing 0.67% of the Company’s issued share capital, with no remaining ordinary shares.
For further information please contact:
Analyst and Investor Contact
(US) 415 655 1450
Financial Media Contacts
Edward Bridges/Charles Palmer
(UK) 020 7831 3113
NOMAD for blinkx plc
Charles Lytle/Christopher Wren
Citigroup Global Markets Ltd
(UK) 020 7986 9756
Founded in 2004, blinkx (LSE AIM: BLNX) is an Internet media platform that connects digital consumers with advertisers through professionally generated content. blinkx pioneered Internet video search using its patented COncept Recognition Engine (CORE) technology that leverages speech, text and image analysis to deeply understand the content and context of videos. This results in improved search relevancy for consumers and a brand safe environment for advertisers. With a rapidly growing index of millions of hours of searchable video derived from over 1,100 media partnerships, blinkx powers video search on leading online properties including AOL and Lycos. blinkx continues to develop innovative approaches to distribute and monetize digital video content across personal computers, smartphones, tablets and connected TV through partnerships with leading brands such as Samsung, Sony and Roku. blinkx is headquartered in San Francisco, California with offices worldwide. For more information please visit www.blinkx.com.