Information  X 
Enter a valid email address

Focusrite PLC (TUNE)

  Print   

Thursday 25 November, 2021

Focusrite PLC

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  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  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  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)

+44 1494 462246

Sally McKone (CFO)

+44 1494 462246



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


John West

+44 20 3687 2753

Llew Angus

+44 20 3687 2754

 

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 [email protected] 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
 
 
DSHBSBDBSXDDGBU

a d v e r t i s e m e n t