REG - Focusrite PLC - Grant of Share Options to PDMRs
05/12/2023 14:15
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231205:nRSE7594Va&default-theme=true
RNS Number : 7594V Focusrite PLC 05 December 2023
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 28 November 2023 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 84,956
Sally McKone 60,458
Damian Hawley 20,764
Tim Dingley 20,764
Simon Holt 17,980
Christian Hellinger 18,975
Dom Harter 20,207
David Gibbons 23,327
Rodney Densham 10,021
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 2023 to 31 August 2026. Fuller details of
the performance condition shall be set out in the Company's Directors'
Remuneration Report for the year ending 31 August 2024.
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 84,956
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
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 60,458
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
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 20,764
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
1 Details of the persons discharging managerial responsibilities I person
closely associated
a) Name Tim Dingley
2 Reason for the notification
a) Position/status Managing Director, Focusrite Novation
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 20,764
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
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 20,764
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
Tim Dingley
2
Reason for the notification
a)
Position/status
Managing Director, Focusrite Novation
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 20,764
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 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 17,980
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 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 18,975
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 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 20,207
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 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 23,327
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 Rodney Densham
2 Reason for the notification
a) Position/status CEO, Sonnox
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 10,021
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 (0) 20 7597 5970
David Flin / William Brinkley / Edward Knight
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 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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHFLFEVFRLEIIVRecent news on Focusrite
See all newsREG - Focusrite PLC - Interim Results
AnnouncementREG - Focusrite PLC - TR-1
AnnouncementREG - Focusrite PLC - Investor Presentation via Investor Meet Company
AnnouncementREG - Focusrite PLC - Notice of Interim Results
AnnouncementREG - Focusrite PLC - Notification of PDMR Transactions
Announcement