REG - Focusrite PLC - Grant of Share Options to PDMRs
22/12/2022 12:00
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RNS Number : 6527K Focusrite PLC 22 December 2022
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 20 December 2022 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 45,238
Sally McKone 32,143
Damian Hawley 11,012
Tim Dingley 11,011
Simon Holt 9,523
Greg Westall 9,904
Christian Hellinger 9,849
Dom Harter 9,952
David Gibbons 12,990
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 Company's adjusted, earnings per share for
the over the period from 1 September 2022 to 31 August 2025. Fuller details of
the performance condition shall be set out in the Company's Directors'
Remuneration Report for the year ending 31 August 2023.
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 45,238
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 December 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 December 2022
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 32,143
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 December 2022
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 11,012
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 December 2022
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 11,011
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 December 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 December 2022
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 11,012
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 December 2022
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 11,011
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 December 2022
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 9,523
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 December 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 December 2022
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 9,904
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 December 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 December 2022
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 9,849
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 December 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 December 2022
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 9,952
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 December 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 December 2022
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 12,990
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 December 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
20 December 2022
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 (0) 20 7597 5970
David Flin / William Brinkley / Charlotte Young
Peel Hunt LLP (Joint Broker) +44 (0) 20 7418 8900
Paul Gillam / Michael Burke / James Smith
Belvedere Communications (Financial PR) +44 (0)20 3008 6864
John West / Llew Angus
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 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 design and manufacture 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. Linea Research 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 Group 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 of the London Stock Exchange.
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