REG - Focusrite PLC - Grant of Share Options to PDMRs
05/12/2024 15:45
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RNS Number : 0312P Focusrite PLC 05 December 2024
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 4 December 2024 it granted nominal cost option awards 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 'performance share award' No. of shares under
'restricted share award'
Tim Carroll 113,428 56,714
Sally McKone 80,719 40,359
The performance share awards will ordinarily vest in April 2028 subject to the
Remuneration Committee's determination of the extent to which the performance
condition applicable to the performance share awards has been satisfied and to
the individual's ongoing employment with the Company's group.
The performance condition for the performance share awards is based on the
Company's adjusted earnings per share growth over the period from 1 September
2024 to 29 February 2028.
The restricted share awards will ordinarily vest in April 2028, subject to the
individual's ongoing employment with the Company's group and the Remuneration
Committee's assessment of such awards' discretionary performance underpin.
Fuller details of the performance condition and underpin condition shall be
set out in the Company's Directors' Remuneration Report for the financial
period ending 28 February 2026.
Once vested, options shall remain exercisable until the tenth anniversary of
the grant date (or in the case of US taxed grantees, until 10 March following
the year of vesting).
The information set out below is provided in accordance with the requirements
of Article 19 of the UK Market Abuse Regulation.
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 1. Grant of a nominal cost option 'performance share award' under the
Focusrite plc Performance Share Plan.
2. Grant of a nominal cost option 'restricted share award' under the
Focusrite plc Performance Share Plan
c) Price(s) and volume(s)
Price(s) Volumes
1. £0.001 1. 113,428
2. £0.001 2. 56,714
d) Aggregated information
- Aggregated volume 170,142
- Price £0.001
e) Date of the transaction 4 December 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
170,142
£0.001
e)
Date of the transaction
4 December 2024
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 1. Grant of a nominal cost option 'performance share award' under the
Focusrite plc Performance Share Plan.
2. Grant of a nominal cost option 'restricted share award' under the
Focusrite plc Performance Share Plan
c) Price(s) and volume(s)
Price(s) Volumes
1. £0.001 1. 80,719
2. £0.001 2. 40,359
d) Aggregated information 121,078
- Aggregated volume £0.001
- Price
e) Date of the transaction 4 December 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
121,078
£0.001
e)
Date of the transaction
4 December 2024
f)
Place of the transaction
Outside a trading venue
-ends-
Enquiries:
Focusrite plc +44 (0) 1494 462246
Tim Carroll (CEO) / Sally McKone (CFO)
Investec Bank plc (Nominated Adviser and Joint Broker) +44 (0) 20 7597 5970
David Flin / Nick Prowting
Peel Hunt LLP (Joint Broker) +44 (0) 20 7418 8900
Ben Cryer / Adam Telling
Rosewood (Financial PR) +44 (0) 20 7653 8702
John West / Llewellyn Angus / Lily Pearce
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 thirteen established brands:
Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal
Audio, Linea Research Sequential, Oberheim, Sonnox, OutBoard and TiMax.
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. TiMax specialises in innovative immersive audio and show control
technologies. OutBoard manufactures and sells industry standard rigging
control products for live events, together with enterprise-level safety test,
preparation and quality management for global rental companies and venues.
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.
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