REG - Focusrite PLC - Director's Dealings <Origin Href="QuoteRef">TUNE.L</Origin>

FocusriteAnnouncement

15/12/2017 16:05

RNS Number : 5563Z
Focusrite PLC
15 December 2017
Focusrite Plc
("Focusrite" or "the Company")
Director's Dealings
Exercise of Share Options
Focusrite Plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, received notification that Jeremy Wilson, Chief Financial Officer of the Company, pursuant to the Focusrite Audio Engineering Limited EMI Plan 2014, has exercised the option to acquire 91,295 Ordinary Shares of 0.1 pence each ("Ordinary Shares") in the Company. These options were exercised at a price of0.146 each resulting in Focusrite receiving 13,329.07. The options will be satisfied from the Ordinary Shares held by the Focusrite Audio Engineering Limited Employee Benefit Trust. 
Following the options exercise, Mr. Wilson will have a beneficial interest of 137,266 Ordinary Shares representing 0.24% of the Group's issued share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Names
Jeremy Wilson
2
Reason for the notification
a)
Position/status
Chief Financial Officer, Director of the Company
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
4
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
Options over Ordinary shares of 0.1 pence each
b)
Identification code
GB00BSBMW716
c)
Nature of the transaction
Options exercise
d)
Price(s) and volume(s)
Exercise Price - 0.146
Volume - 91,295 Ordinary Shares
d)
Aggregated information
- Aggregated volume
- Price
NA
e)
Date of the transaction
15 December 2017
f)
Place of the transaction
NA
-ends-
Enquiries:
Focusrite Plc:

Tim Carroll (CEO)
+44 1494 462246
Jeremy Wilson (CFO)
+44 1494 462246


Panmure Gordon

Freddy Crossley / Alina Vaskina
+44 20 7886 2968
Tom Salvesen
+44 20 7886 2904


Belvedere Communications 

John West
+44 20 3567 0510
Kim Van Beeck
+44 20 3567 0510

This information is provided by RNS
The company news service from the London Stock Exchange
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