Notification of PDMR Transaction

RNS Number : 0496N

Focusrite PLC

18 January 2023

 

Focusrite plc

(the "Company" or the "Group")

Notification of PDMR Transaction

Focusrite plc (AIM: TUNE), the global music and audio products company, announces that a Person Discharging Managerial Responsibilities (PDMR) has completed the sale of part of their beneficial interest in the Company on 16 January 2023.

Tim Carroll, Chief Executive Officer, has sold 15,000 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at 773.667 pence per Ordinary Share in line with his long-term financial planning. 

Following the transaction, Mr. Carroll will retain a holding of 92,718 Ordinary Shares which represents 0.156% of the current issued share capital. An amendment has been made to the RNS announcement number 8561M released on 16 January 2023 at 11:43:35. The following correction has been made to Tim Carroll's total shareholding in the third paragraph. The text now reads: "Following the transaction Mr. Carroll will have a beneficial holding of 107,718 Ordinary Shares which represents 0.182% of the current issued share capital".

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 person discharging managerial responsibilities/person closely associated
a)	Name	Tim Carroll
2	Reason for the notification
a)	Position/status	Chief Executive Officer and Executive 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)	LEI	213800JJ51KA4LOTF736
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary Shares of 0.1p each in Focusrite plc
b)	Identification Code	GB00BSBMW716
c)	Nature of the transaction	Sale of Ordinary Shares
d)	Price(s) and volume(s)	15 ,000 Ordinary Shares 773.667 pence per Ordinary Share
e)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
f)	Date of the transaction	16 January 2023
g)	Place of the transaction	London Stock Exchange, AIM

-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.

 

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