REG - Focusrite PLC - Director/PDMR Shareholding
RNS Number : 3634IFocusrite PLC23 November 2018Focusrite plc
("the Company" or "the Group")
Focusrite plc FY18 Discretionary Director Bonus (FY18 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 20 November 2018 it awarded ordinary shares of 0.1p each in the capital of the Company ("Shares") to Tim Carroll, CEO of the Company, and Jeremy Wilson, CFO of the Company (each Persons Discharging Managerial Responsibilities ("PDMRs")), as listed below.
Director
No. of Shares awarded
Tim Carroll
8,061
Jeremy Wilson
10,734
The Shares were awarded to each PDMR as part of the Company's annual bonus arrangements for the 2018 financial year. Each PDMR elected to convert a portion of their annual bonus into Shares, and in return received an award of further Shares on a 1:1 basis.
Each 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 issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Description of the financial instrument, type of instrument
Ordinary Shares of 0.1p each in Focusrite plc
Identification code
GB00BSBMW716b)
Nature of the transaction
Acquisition of shares pursuant to Focusrite plc's annual bonus arrangements for the 2018 financial year
c)
Price(s) and volume(s)
Prices per share
Volumes Acquired
Nil
8,061
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 November 2018
f)
Place of the transaction
Outside a trading venue
1
Details of the persons discharging managerial responsibilities I person closely associated
a)
Name
Jeremy Wilson
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)
Legal Entity Identifier
213800JJ51KA4LOTF736
4
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Description of the financial instrument, type of instrument
Ordinary Shares of 0.1p each in Focusrite plc
Identification code
GB00BSBMW716b)
Nature of the transaction
Acquisition of shares pursuant to Focusrite plc's annual bonus arrangements for the 2018 financial year
c)
Price(s) and volume(s)
Prices per share
Volumes Acquired
Nil
10,734
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 November 2018
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
John West
+44 20 3567 0510
Kim Van Beeck
+44 20 3567 0510
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.ENDDSHEAAFDAFEPFFF
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