London, England and San Francisco, CA – 3 February 2015 – blinkx plc (“blinkx” or the “Company”) announces that on 15 January 2015, the following grants of restricted stock units were made to the Directors specified below as part of their Non-Executive Director compensation.
• 78,856 in the name of Ujjal Kohli; and
• 78,856 in the name of Raj Chellaraj.
As at 2 February 2015 the above restricted stock units have fully vested in exchange for shares in the Company. In addition, in keeping with the terms of their offer letters, each Director sold the following shares to fund the tax obligation that arose from the vesting of the restricted stock units.
• Mr Kohli sold 44,989 shares at £0.2863 per share; and
• Mr Chellaraj sold 12,282 shares at £0.2863 per share and 16,574 shares at £0.2807 per share.
Following this vesting & sale:
• Mr Kohli has 46,867 shares, together representing 0.01% of the Total Voting Rights of the Company.
• Mr Chellaraj has 50,000 shares representing 0.01% of the Total Voting Rights of the Company.
For further information please contact:
Analyst and Investor Contact
Financial Media Contacts
Edward Bridges/Charles Palmer
(UK) 020 3727 1000
NOMAD for blinkx plc
Charles Lytle/Christopher Wren
Citigroup Global Markets Ltd
(UK) 020 7986 9756
Joint Broker for blinkx plc
Lorna Tilbian/Mark Lander/Nick Westlake
Numis Securities Limited
(UK) 020 7260 1000
blinkx (LSE AIM: BLNX) is an Internet media company that connects consumers and brands through premium content online. Founded in the UK 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 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, Discovery Networks, Hallmark and Fox Sports. blinkx is headquartered in San Francisco, California with 15 offices worldwide. For more information please visit www.blinkx.com.