REG - Focusrite PLC - Director Share Dealings

FocusriteAnnouncement

05/12/2023 14:00

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RNS Number : 7580V  Focusrite PLC  05 December 2023

Focusrite plc

 

("the Company" or "the Group")

 

Focusrite plc FY23 Discretionary Directors Bonus (FY23 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 28 November
2023 it awarded ordinary shares of 0.1p each in the capital of the Company
("Shares") to Tim Carroll, Group CEO of the Company and Sally McKone, Group
CFO of the Company (each Persons Discharging Managerial Responsibilities
("PDMRs")), as listed below.

 Director      No. of Shares awarded
 Tim Carroll   8,933
 Sally McKone  15,622

 

The Shares were awarded to the PDMRs as part of the Company's annual bonus
arrangements for the 2023 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.

 

Neither PDMR may ordinarily sell, transfer, assign or dispose of the Shares
for a period of two years.

 

The award of the shares was settled in part by the transfer of 8,933 ordinary
shares to Mr. Carroll and the transfer of 15,622 ordinary shares to Ms McKone
and in part with a cash payment equal to market value of 7,922 ordinary shares
to meet Mr. Carroll's liability to income tax and employee national insurance
arising on award of the bonus shares and 13,853 ordinary shares to meet Ms
McKone's liability to income tax and employee national insurance arising on
award of the bonus shares.

 

Following the award Mr. Carroll's beneficial holding is 97,446 Ordinary Shares
in the Company representing 0.16% of the total number of shares in the Company
and Ms McKone's beneficial holding is 27,630 Ordinary Shares in the Company
representing 0.04% of the total number of shares in the Company.

 

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

                                                                           Group 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)  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                                             Acquisition of shares pursuant to Focusrite plc's annual bonus arrangements
                                                                           for the 2023 financial year
 c)  Price(s) and volume(s)

Prices per share  Volumes Acquired
                                                                           Nil               8,933
 d)  Aggregated information                                                Not applicable - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                               28 November 2023
 f)  Place of the transaction                                              Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

 

e)

Date of the transaction

28 November 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

 1   Details of the persons discharging managerial responsibilities I person
     closely associated
 a)  Name                                                                       Sally McKone

 2   Reason for the notification
 a)  Position/status

                                                                           Group 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 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                                             Acquisition of shares pursuant to Focusrite plc's annual bonus arrangements
                                                                           for the 2021 financial year
 c)  Price(s) and volume(s)

Prices per share  Volumes Acquired
                                                                           Nil               15,622
 d)  Aggregated information                                                Not applicable - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                               28 November 2023
 f)  Place of the transaction                                              Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

 

e)

Date of the transaction

28 November 2023

f)

Place of the transaction

Outside a trading venue

 

-ends-

 

Enquiries:

 

 Focusrite plc:
 Tim Carroll (CEO)                                       +44 1494 462246
 Sally McKone (CFO)                                      +44 1494 462246

 Investec Bank plc (Nominated Adviser and Joint Broker)  +44 20 7597 5970

 David Flin

 Edward Knight

 William Brinkley

 Peel Hunt LLP (Joint broker)                            +44 20 7418 8900

 Paul Gillam

 Michael Burke

 James Smith
 Belvedere Communications                                 +44 207 653 8703

 John West

 Llew Angus

 

The information communicated in this announcement contains inside information
for the purposes of Article 7 of the Market Abuse Regulation (EU) No.
596/2014.

Notes to Editors

Focusrite plc is a global audio products group that develops and markets
proprietary hardware and software products. Used by audio professionals and
musicians, its solutions facilitate the high-quality production of recorded
and live sound. The Focusrite Group trades under eleven established brands:
Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal
Audio, Linea Research Sequential, Oberheim and Sonnox.

With a high-quality reputation and a rich heritage spanning decades, its
brands are category leaders in the music-making and audio recording
industries. Focusrite and Focusrite Pro offer audio interfaces and other
products for recording musicians, producers and professional audio facilities.
Novation and Ampify products are used in the creation of electronic music,
from synthesizers and grooveboxes to industry-shaping controllers and
inspirational music-making apps. ADAM Audio studio monitors have earned a
worldwide reputation based on technological innovation in the field of studio
loudspeaker technology.  Martin Audio designs and manufactures
performance-ready systems across the spectrum of sound reinforcement
applications. Linea designs, develops, manufactures and sells market
innovative professional audio equipment globally. Sequential designs and
manufactures high end analogue synthesizers under the Sequential and Oberheim
brands. Sonnox is a leading designer of innovative, high quality, award
winning audio processing software plug-ins for professional audio engineers.

The Company has offices in four continents and a global customer base with a
distribution network covering approximately 240 territories.

Focusrite plc is traded on the AIM market, London Stock Exchange.

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