REG - Focusrite PLC - Directors' Dealings

FocusriteAnnouncement

14/05/2020 07:00

RNS Number : 8339M
  
Focusrite PLC
  
14 May 2020
  
 

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 13 May 2020 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




  Christian Hellinger


11,637




  Dom Harter


12,315




 
The options will ordinarily vest on 23 December 2022, 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 2019 to 31 August 2022. Fuller details of the performance condition will be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2020.
 
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


 Christian Hellinger




2


Reason for the notification




a)


Position/status


 Chief Executive Officer, ADAM Audio GmbH




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


11,637




 




d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


13 May 2020




f)


Place of the transaction


Outside a trading venue




 
 




1


Details of the persons discharging managerial responsibilities I person closely associated




a)


Name


 Dominic Harter




2


Reason for the notification




a)


Position/status


 Managing Director, Martin Audio




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


12,315




 




d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


13 May 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


+44 20 7886 2500




(Nominated Adviser and Broker)


 




Freddy Crossley
Erik Anderson


 




 


 




Belvedere Communications


+44 74 070 23147




John West


 




Llew Angus


 




 
 


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