Blinkx plc announces that on 20 May 2011 Dr Michael R Lynch, a Non-Executive Director, notified the Company that, on 19 and 20 May 2011 he sold 1,350,000 Blinkx plc Ordinary Shares (‘Blinkx Shares’) at a price of £1.3999 per share. The transaction represented approximately 5.8% of Dr Lynch’s holding, and following the transaction Dr Lynch’s is interested in 21,902,712 Blinkx Shares, representing 6.5% of the Company’s issued share capital.
On 20 May 2011 Suranga Chandratillake, Blinkx’s Chief Executive Officer notified the Company that, on 19 and 20 May 2011 he exercised options over 383,257 Blinkx Shares at an exercise price of £0.01 per share, and subsequently sold those Blinkx Shares at a price of £1.3785 per share. Following this transaction, Mr Chandratillake’s total number of options in the Company under the blinkx US Share Option Plan is 4,476,057.
For further information please contact:
+44 (0)1223 488 500
Citigroup Global Markets Ltd
NOMAD and Broker for blinkx
+44 (0)207 986 4000
blinkx plc (LSE AIM: BLNX) is the world's largest and most advanced video search engine. Today, blinkx has indexed more than 35 million hours of audio, video, viral and TV content, and made it fully searchable and available on demand. blinkx's founders set out to solve a significant challenge as TV and user-generated content on the Web explode, keyword-based search technologies only scratch the surface. blinkx's patented search technologies listen to and even see the Web, helping users enjoy a breadth and accuracy of search results not available elsewhere. In addition, blinkx powers the video search for many of the world's most frequented sites. blinkx is based in San Francisco and London. More information is available at www.blinkx.com.