REG - Focusrite PLC - Grant of Share Options to PDMRs
19/11/2021 16:35
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RNS Number : 0237T Focusrite PLC 19 November 2021
Focusrite plc
("the Company" or "the Group")
Directors' Dealings
Grant of Share Options to PDMRs
Focusrite plc (AIM:TUNE), the global music and audio products
company, announces that on 17 November 2021 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 18,247
Sally McKone 14,311
Damian Hawley 4,923
Tim Dingley 4,923
Simon Holt 4,307
Greg Westall 5,021
Christian Hellinger 4,996
Dom Harter 5,046
David Gibbons 5,396
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 2021 to 31 August
2024. Fuller details of the performance condition shall be set out in the
Company's Directors' Remuneration Report for the year ending 31 August 2022.
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 18,247
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 17 November 2021
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
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 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)
Price(s) Volumes
Nil 14,311
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 17 November 2021
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 4,923
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 17 November 2021
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 4,923
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 17 November 2021
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
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 4,923
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
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 4,923
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
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 4,307
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 17 November 2021
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
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 5,021
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 17 November 2021
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
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 4,996
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 17 November 2021
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
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 5,046
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 17 November 2021
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
f)
Place of the transaction
Outside a trading venue
1 Details of the persons discharging managerial responsibilities I person
closely associated
a) Name David Gibbons
2 Reason for the notification
a) Position/status Sequential 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 Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
c) Price(s) and volume(s)
Price(s) Volumes
Nil 5,396
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 17 November 2021
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
f)
Place of the transaction
Outside a trading venue
-ends-
Enquiries:
For further information contact:
Focusrite plc +44 (0) 149 446 2246
Tim Carroll, Chief Executive Officer
Sally McKone, Chief Financial Officer
Investec Bank plc (Nominated Adviser and Joint Broker) +44 (0) 20 7597 5970
David Flin
William Brinkley
Charlotte Young
Peel Hunt LLP (Joint Broker) +44 (0) 20 7418 8900
Edward Knight
Michael Burke
James Smith
Belvedere Communications +44 (0) 20 3687 2756
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 eight established brands:
Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal
Audio and Sequential.
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 synthesisers 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. Sequential designs and manufactures high end analogue
synthesizers.
The Focusrite Group has offices in four continents and a global customer base
with a distribution network covering approximately 160 territories.
Focusrite plc is traded on the AIM market, London Stock Exchange.
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