REG - Focusrite PLC - Directors’ Dealings

FocusriteAnnouncement

19/11/2020 15:55

RNS Number : 9295F
  
Focusrite PLC
  
19 November 2020
  
 

Focusrite plc
 
("the Company" or "the Group")
 
Directors' Dealings
Grant of Share Options to PDMR
 
Focusrite plc (AIM:TUNE), the global music and audio products company, announces that on 18 November 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




Tim Carroll


31,190




Damian Hawley


8,262




Tim Dingley


7,715




Greg Westall


8,347




Simon Holt


6,705




Christian Hellinger


8,172




Dom Harter


7,968



 
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 2020 to 31 August 2023. Fuller details of the performance condition shall be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2021.
 
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


31,190








d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


18 November 2020




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


 Chief Revenue 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


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




c)


Price(s) and volume(s)


 



Price(s)


Volumes




Nil


8,262








d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


18 November 2020




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


 Chief Operating 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


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




c)


Price(s) and volume(s)


 



Price(s)


Volumes




Nil


7,715








d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


18 November 2020




f)


Place of the transaction


Outside a trading venue



 



1


Details of the persons discharging managerial responsibilities I person closely associated




a)


Name


 Greg Westall




2


Reason for the notification




a)


Position/status


 Director of Product




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


8,347








d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


18 November 2020




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


6,705








d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


18 November 2020




f)


Place of the transaction


Outside a trading venue



 



1


Details of the persons discharging managerial responsibilities I person closely associated




a)


Name


 Christian Hellinger




2


Reason for the notification




a)


Position/status


 ADAM Audio CEO




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


8,172








d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


18 November 2020




f)


Place of the transaction


Outside a trading venue



 



1


Details of the persons discharging managerial responsibilities I person closely associated




a)


Name


 Dom Harter




2


Reason for the notification




a)


Position/status


 Martin Audio Managing 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


7,968








d)


Aggregated information
- Aggregated volume 
- Price 


Not applicable - single transaction




e)


Date of the transaction


18 November 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 2754
John West           
Llew Angus         

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