REG - Focusrite PLC - Director/PDMR Shareholding

FocusriteAnnouncement

23/11/2018 12:30

RNS Number : 3635I
Focusrite PLC
23 November 2018
 


Focusrite plc
 
("the Company" or "the Group")
 PDMR
 Dealings
Grant 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 20 November 2018 Damian Hawley and Giles Orford, each being a Person Discharging Managerial Responsibilities ("PDMRs"), exercised nominal cost options granted to them under the Company's Performance Share Plan and acquired ordinary shares of 0.1p each in the Company.
 
The options were granted on 16 December 2015 and vested on 20 November 2018. The number of shares in respect of which each award could be exercised was determined by reference to the extent to which a performance condition measuring growth in the Company's Adjusted Profit was met.
 
Exercised awards were settled in cash to the extent needed to cover each PDMR's liability to income tax and employee national insurance arising on the exercise of their award. The shares acquired by the PDMRs represent the balance of their award.
 
Immediately following exercise, each PDMR immediately transferred the full number of shares they acquired in connection with exercise to their respective spouses (each spouse being a person closely associated with the relevant PDMR) for nil consideration.
 
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


 Damian Hawley




2


Reason for the notification




a)


Position/status


 Director of Global Marketing and Sales




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


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 acquired shares, cash in lieu of such shares).




c)


Price(s) and volume(s)


 




Price(s)


Volumes




£21.66


21,657
(of which, 10,179 were settled in cash in lieu of shares, and 11,478 were settled in shares)




 
 




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




4B


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


Transfer of shares to Lisa Hawley (spouse) for nil consideration




c)


Price(s) and volume(s)


 




Price(s)


Volumes




Nil


11,478




 




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


 Giles Orford




2


Reason for the notification




a)


Position/status


 Brand 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)


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


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 acquired shares, cash in lieu of such shares).




c)


Price(s) and volume(s)


 
 




Price(s)


Volumes




£16.65


16,648
(of which, 7,825 were settled in cash in lieu of shares, and 8,823 were settled in shares)




 
 
 




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




4B


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


Transfer of shares to Fiona Orford (spouse) for nil consideration




c)


Price(s) and volume(s)


 




Price(s)


Volumes




Nil


8,823




 




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 20 7886 2500




Erik Anderson
 


 




 
Belvedere Communications


 




John West


+44 20 3567 0510




Kim Van Beeck


+44 20 3567 0510




 




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