Grant of Share Options to PDMRs

RNS Number : 0237T
Focusrite PLC
19 November 2021
 

Focusrite plc

 

("the Company" or "the Group")

 

Directors' Dealings

Grant of Share Options to PDMRs

 

Focusrite plc (AIM:TUNE), the global music and audio products company,   announces that on 17 November 2021 it granted nominal cost options over ordinary shares of 0.1p each in the capital of the Company under the Company's Performance Share Plan to certain 'persons discharging managerial responsibilities' of the Company ("PDMRs") as listed below.  

 

PDMR

No. of shares under option

Tim Carroll

 18,247

Sally McKone

 14,311

Damian Hawley

 4,923

Tim Dingley

 4,923

Simon Holt

 4,307

Greg Westall

 5,021

Christian Hellinger

 4,996

Dom Harter

 5,046

David Gibbons

 5,396

 

The options will ordinarily vest on the third anniversary of the grant date, subject to the Remuneration Committee's determination of the extent to which the performance condition applicable to the award has been satisfied and to the individual's ongoing employment with the Company's group.

 

The performance condition measures compound annual growth in the Company's adjusted earnings per share over the period from 1 September 2021 to 31 August 2024. Fuller details of the performance condition shall be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2022.

 

Once vested, options shall remain exercisable until the tenth anniversary of the grant date.

 

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

 

1

Details of the persons discharging managerial responsibilities  person closely  associated

a)

N a me

 Tim Carroll

2

Reason for the notification

a)

Position / st a tus

 Chief Executive Officer

b)

Initial notification /Amendment

 Initial notification

3

Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor

a)

Name

Focusrite plc

b)

LEI

213800JJ51KA4LOTF736

4

Details of the transaction(s):  section  to be repeated for  (i)  each type ofinstrument; (ii) each type of transaction;  (iii)  each date;  and  (iv) each placewhere transactions have been conducted

a)

Descriptionof the fina n cial instrume nt ,  type  of ins t rument

Ordinary Shares of 0.1p each in Focusrite plc

Identification code

GB00BSBMW716

b)

Nature of t h e transact i o n

Grant of a nominal cost option under the Focusrite plc Performance Share Plan.

c)

Price(s) a n d  vo l ume(s)

 

Price(s)

Vo l umes

Nil

18,247

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

17 November 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities I person closely associated

a)

N a me

 Sally McKone

2

Reason for the notification

a)

Position / st a tus

 Chief Financial Officer

b)

Initial notification /Amendment

 Initial notification

3

Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor

a)

Name

Focusrite plc

b)

LEI

213800JJ51KA4LOTF736

4

Details of the transaction(s):  section  to be repeated for  (i)  each type ofinstrument; (ii) each type of transaction;  (iii)  each date;  and  (iv) each placewhere transactions have been conducted

a)

Descriptionof the fina n cial instrume nt ,  type  of ins t rument

Ordinary Shares of 0.1p each in Focusrite plc

Identification code

GB00BSBMW716

b)

Nature of t h e transact i o n

Grant of a nominal cost option under the Focusrite plc Performance Share Plan.

c)

Price(s) a n d  vo l ume(s)

 

Price(s)

Vo l umes

Nil

14,311

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

17 November 2021

f)

Place of the transaction

Outside a trading venue


 


1

Details of the persons discharging managerial responsibilities  person closely  associated

a)

N a me

 Damian Hawley

2

Reason for the notification

a)

Position / st a tus

 Chief Revenue Officer

b)

Initial notification /Amendment

 Initial notification

3

Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor

a)

Name

Focusrite plc

b)

Legal Entity Identifier

213800JJ51KA4LOTF736

4

Details of the transaction(s):  section  to be repeated for  (i)  each type ofinstrument; (ii) each type of transaction;  (iii)  each date;  and  (iv) each placewhere transactions have been conducted

a)

Descriptionof the fina n cial instrume nt ,  type  of ins t rument

Ordinary Shares of 0.1p each in Focusrite plc

Identification code

GB00BSBMW716

b)

Nature of t h e transact i o n

Grant of a nominal cost option under the Focusrite plc Performance Share Plan.

c)

Price(s) a n d  vo l ume(s)

 

Price(s)

Vo l umes

Nil

4,923

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

17 November 2021

f)

Place of the transaction

Outside a trading venue


 


1

Details of the persons discharging managerial responsibilities  person closely  associated

a)

N a me

 Tim Dingley

2

Reason for the notification

a)

Position / st a tus

 Chief Operating Officer

b)

Initial notification /Amendment

 Initial notification

3

Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor

a)

Name

Focusrite plc

b)

Legal Entity Identifier

213800JJ51KA4LOTF736

4

Details of the transaction(s):  section  to be repeated for  (i)  each type ofinstrument; (ii) each type of transaction;  (iii)  each date;  and  (iv) each placewhere transactions have been conducted

a)

Descriptionof the fina n cial instrume nt ,  type  of ins t rument

Ordinary Shares of 0.1p each in Focusrite plc

Identification code

GB00BSBMW716

b)

Nature of t h e transact i o n

Grant of a nominal cost option under the Focusrite plc Performance Share Plan.

c)

Price(s) a n d  vo l ume(s)

 

Price(s)

Vo l umes

Nil

4,923

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

17 November 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities  person closely  associated

a)

 Simon Holt

2

Reason for the notification

a)

Position / st a tus

 Engineering Director

b)

Initial notification /Amendment

 Initial notification

3

Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor

a)

Name

Focusrite plc

b)

Legal Entity Identifier

213800JJ51KA4LOTF736

4

Details of the transaction(s):  section  to be repeated for  (i)  each type ofinstrument; (ii) each type of transaction;  (iii)  each date;  and  (iv) each placewhere transactions have been conducted

a)

Descriptionof the fina n cial instrume nt ,  type  of ins t rument

Ordinary Shares of 0.1p each in Focusrite plc

Identification code

GB00BSBMW716

b)

Nature of t h e transact i o n

Grant of a nominal cost option under the Focusrite plc Performance Share Plan.

c)

Price(s) a n d  vo l ume(s)

 

Price(s)

Vo l umes

Nil

4,307

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

17 November 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities  person closely  associated

a)

N a me

 Greg Westall

2

Reason for the notification

a)

Position / st a tus

 Director of Product

b)

Initial notification /Amendment

 Initial notification

3

Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor

a)

Name

Focusrite plc

b)

Legal Entity Identifier

213800JJ51KA4LOTF736

4

Details of the transaction(s):  section  to be repeated for  (i)  each type ofinstrument; (ii) each type of transaction;  (iii)  each date;  and  (iv) each placewhere transactions have been conducted

a)

Descriptionof the fina n cial instrume nt ,  type  of ins t rument

Ordinary Shares of 0.1p each in Focusrite plc

Identification code

GB00BSBMW716

b)

Nature of t h e transact i o n

Grant of a nominal cost option under the Focusrite plc Performance Share Plan.

c)

Price(s) a n d  vo l ume(s)

 

Price(s)

Vo l umes

Nil

5,021

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

17 November 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities  person closely  associated

a)

N a me

 Christian Hellinger

2

Reason for the notification

a)

Position / st a tus

 ADAM Audio CEO

b)

Initial notification /Amendment

 Initial notification

3

Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor

a)

Name

Focusrite plc

b)

Legal Entity Identifier

213800JJ51KA4LOTF736

4

Details of the transaction(s):  section  to be repeated for  (i)  each type ofinstrument; (ii) each type of transaction;  (iii)  each date;  and  (iv) each placewhere transactions have been conducted

a)

Descriptionof the fina n cial instrume nt ,  type  of ins t rument

Ordinary Shares of 0.1p each in Focusrite plc

Identification code

GB00BSBMW716

b)

Nature of t h e transact i o n

Grant of a nominal cost option under the Focusrite plc Performance Share Plan.

c)

Price(s) a n d  vo l ume(s)

 

Price(s)

Vo l umes

Nil

4,996

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

17 November 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities  person closely  associated

a)

 Dom Harter

2

Reason for the notification

a)

Position / st a tus

 Martin Audio Managing Director

b)

Initial notification /Amendment

 Initial notification

3

Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor

a)

Name

Focusrite plc

b)

Legal Entity Identifier

213800JJ51KA4LOTF736

4

Details of the transaction(s):  section  to be repeated for  (i)  each type ofinstrument; (ii) each type of transaction;  (iii)  each date;  and  (iv) each placewhere transactions have been conducted

a)

Descriptionof the fina n cial instrume nt ,  type  of ins t rument

Ordinary Shares of 0.1p each in Focusrite plc

Identification code

GB00BSBMW716

b)

Nature of t h e transact i o n

Grant of a nominal cost option under the Focusrite plc Performance Share Plan.

c)

Price(s) a n d  vo l ume(s)

 

Price(s)

Vo l umes

Nil

5,046

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

17 November 2021

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities  person closely  associated

a)

N a me

 David Gibbons

2

Reason for the notification

a)

Position / st a tus

 Sequential Chief Executive Officer

b)

Initial notification /Amendment

 Initial notification

3

Details of the issuer, emission allowance market participant,  auction platform, auctioneer or auction monitor

a)

Name

Focusrite plc

b)

Legal Entity Identifier

213800JJ51KA4LOTF736

4

Details of the transaction(s):  section  to be repeated for  (i)  each type ofinstrument; (ii) each type of transaction;  (iii)  each date;  and  (iv) each placewhere transactions have been conducted

a)

Descriptionof the fina n cial instrume nt ,  type  of ins t rument

Ordinary Shares of 0.1p each in Focusrite plc

Identification code

GB00BSBMW716

b)

Nature of t h e transact i o n

Grant of a nominal cost option under the Focusrite plc Performance Share Plan.

c)

Price(s) a n d  vo l ume(s)

 

Price(s)

Vo l umes

Nil

5,396

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

17 November 2021

f)

Place of the transaction

Outside a trading venue

 

-ends-

 

Enquiries:

 

For further information contact:

Focusrite plc

+44 (0) 149 446 2246

Tim Carroll, Chief Executive Officer


Sally McKone, Chief Financial Officer




Investec Bank plc (Nominated Adviser and Joint Broker)

+44 (0) 20 7597 5970

David Flin


William Brinkley


Charlotte Young




Peel Hunt LLP (Joint Broker)

+44 (0) 20 7418 8900

Edward Knight


Michael Burke


James Smith




Belvedere Communications

+44 (0) 20 3687 2756

John West


Llew Angus


 

 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

Notes to Editors

 

Focusrite plc is a global audio products group that develops and markets proprietary hardware and software products. Used by audio professionals and musicians, its solutions facilitate the high-quality production of recorded and live sound. The Focusrite Group trades under eight established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio and Sequential.

With a high-quality reputation and a rich heritage spanning decades, its brands are category leaders in the music-making and audio recording industries. Focusrite and Focusrite Pro offer audio interfaces and other products for recording musicians, producers and professional audio facilities. Novation and Ampify products are used in the creation of electronic music, from synthesisers and grooveboxes to industry-shaping controllers and inspirational music-making apps. ADAM Audio studio monitors have earned a worldwide reputation based on technological innovation in the field of studio loudspeaker technology. Martin Audio designs and manufactures performance-ready systems across the spectrum of sound reinforcement applications. Sequential designs and manufactures high end analogue synthesizers.

The Focusrite Group has offices in four continents and a global customer base with a distribution network covering approximately 160 territories.

Focusrite plc is traded on the AIM market, London Stock Exchange.

 

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