Issue of Management Options - Replacement
For immediate release
An amendment has been made to the RNS announcement number 7133P released on 22 June 2022 at 07:00.
The following correction has been made to Sally McKone's total shareholding in the third paragraph.
The text now reads: "Following the award, Ms McKone will have a beneficial holding of 5,678 shares shares, being 0.01% of the issued ordinary share capital of the Company."
All other details remain unchanged. The full amended text is show below.
Issue of Management Shares
Released 07:00:07 22 June 2022
RNS Number : 7133P
Focusrite PLC
22 June 2022
Focusrite plc
("the Company" or "the Group")
Issue of Management Shares
Focusrite plc (AIM: TUNE), the global music and audio products company supplying hardware and software used by professional and amateur musicians and the entertainment industry, announces the issue of the second tranche of 4,029 management share awards to Sally McKone, the Company's Chief Financial Officer. As set out in the Company's announcement of 18 May 2021, such awards were made as compensation for certain incentive arrangements which she forfeited or was otherwise not awarded on leaving her former employer to join the Group.
The shares, to be issued from the Company's Employee Benefit Trust were determined by the Company's Remuneration Committee and approved by the Board.
The Company will cash settle the resulting tax and National Insurance elements. Accordingly, Ms McKone will be awarded a net holding of 2,136 shares. Following the award, Ms McKone will have a beneficial holding of 5,678 shares, being 0.01% of the issued ordinary share capital of the Company.
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) |
Name |
Sally McKone |
||||
|
2 |
Reason for the notification |
|||||
|
a) |
Position/status |
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 |
||||
|
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 financial instrument, type of instrument |
Ordinary Shares of 0.1p each in Focusrite plc |
||||
|
Identification code |
GB00BSBMW716 |
|||||
|
b) |
Nature of the transaction |
Issue of shares ordinary shares from EBT of 0.1p each in Focusrite plc. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transaction |
||||
|
e) |
Date of the transaction |
20 June 2022 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
- Ends -
Enquiries:
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
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 nine established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio, Linea 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. Linea designs, develops, manufactures and sells market innovative professional audio equipment globally. 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 240 territories.
Focusrite plc is traded on the AIM market, London Stock Exchange.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHEAFKFAEKAEAA
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 59 minutes ago ASOS
- 1 hour ago MJ Gleeson
- 1 hour ago Rolls-Royce Holdings
- 2 hours ago Crest Nicholson Holdings
- 2 hours ago Naked Wines