REG - Focusrite PLC - Grant of Share Options to Directors

FocusriteAnnouncement

26/11/2018 15:40

RNS Number : 5303I
Focusrite PLC
26 November 2018
 


Focusrite plc
 
("the Company" or "the Group")
 
Directors' Dealings
Grant of Share Options to Directors
 
Focusrite plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that on 21 November 2018 it granted nominal cost options over ordinary shares of 0.1p each in the capital of the Company under the Company's Performance Share Plan to certain 'persons discharging managerial responsibilities' of the Company ("PDMRs") as listed below.  
 




PDMR


No. of shares under option




Tim Carroll


51,722




Jeremy Wilson


41,318




Damian Hawley


17,098




Tim Dingley


15,919




Giles Orford


12,758




Simon Holt


12,971




 
The options will ordinarily vest on the third anniversary of the grant date, subject to the Remuneration Committee's determination of the extent to which the performance condition applicable to the award has been satisfied and to the individual's ongoing employment with the Company's group.
 
The performance condition measures compound annual growth in the Company's adjusted earnings per share over the period from 1 September 2018 to 31 August 2021. Fuller details of the performance condition shall be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2019.
 
Once vested, options shall remain exercisable until the tenth anniversary of the grant date.
 
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 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




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


Grant of a nominal cost option under the Focusrite plc Performance Share Plan.




c)


Price(s) and volume(s)


 




Price(s)


Volumes




Nil


51,722




 




d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


21 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)


LEI


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


Grant of a nominal cost option under the Focusrite plc Performance Share Plan.




c)


Price(s) and volume(s)


 




Exercise Prices per share


Volumes




Nil


41,318




 




d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


21 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


 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)


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


Grant of a nominal cost option under the Focusrite plc Performance Share Plan.




c)


Price(s) and volume(s)


 




Price(s)


Volumes




Nil


17,098




 




d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


21 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


 Tim Dingley




2


Reason for the notification




a)


Position/status


 Operations 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)


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


Grant of a nominal cost option under the Focusrite plc Performance Share Plan.




c)


Price(s) and volume(s)


 




Price(s)


Volumes




Nil


15,919




 




d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


21 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)


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


Grant of a nominal cost option under the Focusrite plc Performance Share Plan.




c)


Price(s) and volume(s)


 




Price(s)


Volumes




Nil


12,758




 




d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


21 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


 Simon Holt




2


Reason for the notification




a)


Position/status


 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)


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


Grant of a nominal cost option under the Focusrite plc Performance Share Plan.




c)


Price(s) and volume(s)


 




Price(s)


Volumes




Nil


12,971




 




d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


21 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


 




Freddy Crossley


+44 20 7886 2500




Erik Anderson


+44 20 7886 2500




 


 




Belvedere Communications


 




John West


+44 20 3567 0510




Kim Van Beeck


+44 20 3567 0510




 
 




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