REG - Focusrite PLC - Director Share Dealings

FocusriteAnnouncement

18/11/2020 14:00

RNS Number : 7674F
  
Focusrite PLC
  
18 November 2020
  
 

Focusrite plc
 
("the Company" or "the Group")
 
Focusrite plc FY20 Discretionary Director Bonus (FY20 Bonus)
Director Share Dealings
 
Focusrite plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that on 17 November 2020 it awarded ordinary shares of 0.1p each in the capital of the Company ("Shares") to Tim Carroll, CEO of the Company (a Person Discharging Managerial Responsibilities ("PDMR")), as listed below.




Director


No. of Shares awarded




Tim Carroll


6,482




 
The Shares were awarded to the PDMR as part of the Company's annual bonus arrangements for the 2020 financial year. The PDMR elected to convert a portion of his annual bonus into Shares, and in return received an award of further Shares on a 1:1 basis.
 
The PDMR may not ordinarily sell, transfer, assign or dispose of the Shares for a period of two years.
 
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


     Tim Carroll
 




2


Reason for the notification




a)


Position/status


 Chief Executive Office




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)


Legal Entity Identifier


213800JJ51KA4LOTF736




4


Details of the transaction(s): section to be repeated for (i) each type ofinstrument; (ii) each type of transaction; (iii) each date; and (iv) each placewhere 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


Acquisition of shares pursuant to Focusrite plc's annual bonus arrangements for the 2020 financial year




c)


Price(s) and volume(s)


 




Prices per share


Volumes Acquired




Nil


6,482




 




d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction
 




e)


Date of the transaction


17 November 2020




f)


Place of the transaction


Outside a trading venue




 
-ends-
 
Enquiries:
 




Focusrite plc:


 




Tim Carroll (CEO)


+44 1494 462246




Jeremy Wilson (CFO)


+44 1494 462246




 


 




Panmure Gordon
(Nominated Adviser and Broker)


 




Freddy Crossley


+44 207 886 2500




Erik Anderson


 




 


 




Belvedere Communications


+44 20 3687 2754




John West


 




Llew Angus


 




 

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