Notification of PDMR Transactions

RNS Number : 7160Q

Focusrite PLC

22 February 2023

 

For immediate release

Focusrite plc

(the "Company" or the "Group")

Notification of PDMR Transactions

Focusrite plc (AIM: TUNE), the global music and audio products company, announces that a person closely associated with a Person Discharging Managerial Responsibilities (PDMR) completed the sale of part of their beneficial interest in the Company on 17 February 2023.

Damian Hawley, Chief Revenue Officer, has sold 7,146 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at 735.00 pence per Ordinary Share and Lisa Hawley, spouse of Damian Hawley, has sold 3,854 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at 735.00 pence per Ordinary Share.  Following the transaction, Damian Hawley will retain a beneficial holding of 155,635 Ordinary Shares which represents 0.263% of the current issued share capital.

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)	LEI	213800JJ51KA4LOTF736
4A	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 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	Sale of 9,057 ordinary shares of 0.1p each in Focusrite plc
c)	Price(s) a n d  vo l ume(s)	Price(s) Vo l umes £ 7.35 7,146
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	17 February 2023
f)	Place of the transaction	London Stock Exchange
4B	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 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	Sale of shares of a person closely associated with a Person Discharging Managerial Responsibilities
c)	Price(s) a n d  vo l ume(s)	Price(s) Vo l umes £7.35 3,854
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	17 February 2023
f)	Place of the transaction	London Stock Exchange

-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

 

 

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