Grant of Share Options to PDMRs

RNS Number : 6527K

Focusrite PLC

22 December 2022

 

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 20 December 2022 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	45,238
Sally McKone	32,143
Damian Hawley	11,012
Tim Dingley	11,011
Simon Holt	9,523
Greg Westall	9,904
Christian Hellinger	9,849
Dom Harter	9,952
David Gibbons	12,990

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 Company's adjusted, earnings per share for the over the period from 1 September 2022 to 31 August 2025. Fuller details of the performance condition shall be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2023.

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  I  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)	Description of 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 45,238
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	20 December 2022
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)	Description of 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 32,143
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	20 December 2022
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	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)	Description of 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 11,012
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	20 December 2022
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	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)	Description of 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 11,011
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	20 December 2022
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	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)	Description of 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 9,523
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	20 December 2022
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	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)	Description of 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 9,904
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	20 December 2022
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	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)	Description of 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 9,849
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	20 December 2022
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	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)	Description of 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 9,952
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	20 December 2022
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	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)	Description of 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 12,990
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	20 December 2022
f)	Place of the transaction	Outside a trading venue

-ends-

Enquiries: Focusrite plc
Tim Carroll (CEO)	[phone]
Sally McKone (CFO)	[phone]
Investec Bank plc (Nominated Adviser and Joint Broker)	[phone]
David Flin / William Brinkley / Charlotte Young
Peel Hunt LLP (Joint Broker)	[phone]
Paul Gillam / Michael Burke / James Smith
Belvedere Communications (Financial PR)	[phone]
John West / Llew Angus

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 Group trades under eleven established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio, Linea Research, Sequential, Oberheim and Sonnox.

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 design and manufacture 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. Linea Research designs, develops, manufactures and sells market innovative professional audio equipment globally. Sequential designs and manufactures high end analogue synthesizers under the Sequential and Oberheim brands.  Sonnox is a leading designer of innovative, high quality, award-winning audio processing software plug-ins for professional audio engineers.

The Group has offices in four continents and a global customer base with a distribution network covering approximately 240 territories.

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

 

END

 

 

DSHFLFSLFRLFFIF