PDMR Dealings

RNS Number : 6375T

Focusrite PLC

25 November 2021

 

Focusrite plc

("the Company" or "the Group")

 PDMR Dealings

Settlement of Share Options

Focusrite plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands,   announces that on 23 November 2021 Tim Carroll, Damian Hawley and Simon Holt, each being a Person Discharging Managerial Responsibilities ("PDMRs"), exercised nominal cost options over 81,782 shares granted to them under the Company's Performance Share Plan and acquired ordinary shares of 0.1p each in the Company.

The option was granted on 21 November 2018 and became vested and exercisable as from 22 November 2021.

The exercise of the option was settled in part by the transfer of 43,345 ordinary shares and in part with a cash payment equal to market value of 38,437 ordinary shares to meet the PDMRs' liability to income tax and employee national insurance arising on the exercise of the option.

Following the transaction:

Mr. Carroll will have a beneficial holding of 78,741 Ordinary Shares which represents 0.13% of the current issued share capital.

Mr. Hawley will have a beneficial holding of 177,852 Ordinary Shares which represents 0.30% of the current issued share capital.

Mr. Holt will have a beneficial holding of 144,056 Ordinary Shares which represents 0.25% 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 persons discharging managerial responsibilities  I  person closely  associated
a)	N a me	Tim Carroll
2	Reason for the notification
a)	Position / st a tus	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)	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)	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	Exercise of a nominal cost option under the Focusrite plc Performance Share Plan and acquisition of ordinary shares of 0.1p each in Focusrite plc (or, as to 47% of the vested shares number, cash in lieu of such shares).
c)	Price(s) a n d  vo l ume(s)	Price(s) Vo l umes £51.72 51,722 (settled in part by the transfer of 27,413 ordinary shares and in part with a cash payment equal to market value of 24,309 ordinary shares to meet the PDMR's liability to income tax and employee national insurance arising on the exercise of the option over 51,722 shares)
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	23 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	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)	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	Exercise of a nominal cost option under the Focusrite plc Performance Share Plan and acquisition of ordinary shares of 0.1p each in Focusrite plc (or, as to 47% of the vested shares number, cash in lieu of such shares).
c)	Price(s) a n d  vo l ume(s)	Price(s) Vo l umes £17.09 17,089 (settled in part by the transfer of 9,057 ordinary shares and in part with a cash payment equal to market value of 8,032 ordinary shares to meet the PDMR's liability to income tax and employee national insurance arising on the exercise of the option over 17,089 shares)
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	23 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	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)	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)	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	Exercise of a nominal cost option under the Focusrite plc Performance Share Plan and acquisition of ordinary shares of 0.1p each in Focusrite plc (or, as to 47% of the vested shares number, cash in lieu of such shares).
c)	Price(s) a n d  vo l ume(s)	Price(s) Vo l umes £12.97 12, 971 (settled in part by the transfer of 6,875 ordinary shares and in part with a cash payment equal to market value of 6,096 ordinary shares to meet the PDMR's liability to income tax and employee national insurance arising on the exercise of the option over 12, 971 shares)
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	23 November 2021
f)	Place of the transaction	Outside a trading venue

-ends-

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]
Edward Knight
Michael Burke
James Smith
Belvedere Communications
John West	[phone]
Llew Angus	[phone]

 

END

 

 

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