REG - Focusrite PLC - Settlement of Share Options
RNS Number : 9499ZFocusrite PLC15 January 2020For immediate release
Focusrite plc
("the Company" or "the Group")
PDMR Dealings
Settlement 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 10 January 2020 Simon Holt, being a Person Discharging Managerial Responsibilities ("PDMRs"), exercised nominal cost options granted to him under the Company's Performance Share Plan and acquired ordinary shares of 0.1p each in the Company.
The options were granted on 24 November 2016 and became vested and exercisable as from 23 December 2019.
Exercised awards were settled in cash to the extent needed to cover the PDMR's liability to income tax and employee national insurance arising on the exercise of his award. The shares acquired by the PDMR represent the balance of his award.
Immediately following exercise, Simon Holt immediately transferred the full number of shares he acquired in connection with exercise to his spouse (the 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
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)
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
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
£7.12
7,104
(of which, 3,339 were settled in cash in lieu of shares, and 3,765 were settled in shares)
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
10 January 2020
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
3,765
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
10 January 2020
f)
Place of the transaction
Outside a trading venue
-ends-
Enquiries:
Focusrite plc: +44 1494 836301
Tim Carroll (CEO)
Jeremy Wilson (CFO)
Panmure Gordon (Nominated Adviser and Broker) +44 20 7886 2500
Freddy Crossley / Alina Vaskina
Erik Anderson
Belvedere Communications +44 20 3687 2756
John West
Llew Angus
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.ENDDSHBAMRTMTIBBAM
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