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RNS Number : 7133P Focusrite PLC 22 June 2022
Focusrite plc
("the Company" or "the Group")
Issue of Management Shares
Focusrite plc (AIM: TUNE), the global music and audio products company
supplying hardware and software used by professional and amateur musicians and
the entertainment industry, announces the issue of the second tranche of 4,029
management share awards to Sally McKone, the Company's Chief Financial
Officer. As set out in the Company's announcement of 18 May 2021, such awards
were made as compensation for certain incentive arrangements which she
forfeited or was otherwise not awarded on leaving her former employer to join
the Group.
The shares, to be issued from the Company's Employee Benefit Trust were
determined by the Company's Remuneration Committee and approved by the Board.
The Company will cash settle the resulting tax and National Insurance
elements. Accordingly, Ms McKone will be awarded a net holding of 2,136
shares. Following the award, Ms McKone will have a beneficial holding of 3,819
shares, being 0.006% of the issued ordinary share capital of the Company.
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 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
4A Details of the transaction(s): section to be repeated
for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place
where 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 Issue of shares ordinary shares from EBT of 0.1p each in Focusrite plc.
c) Price(s) and volume(s)
Price(s) Volumes
Nil cost 4,029 (settled in part by the transfer of 2,136 ordinary shares and in part
with a cash payment equal to market value of 1,893 ordinary shares to meet the
PDMR's liability to income tax and employee national insurance arising on the
issue of 4,029 shares)
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 20 June 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 June 2022
f)
Place of the transaction
Outside a trading venue
- Ends -
Enquiries:
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
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 nine established brands:
Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal
Audio, Linea 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. Linea designs, develops, manufactures and sells market
innovative professional audio equipment globally. 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 240 territories.
Focusrite plc is traded on the AIM market, London Stock Exchange.
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