REG - Focusrite PLC - Issue of Management Shares

FocusriteAnnouncement

22/06/2022 07:00

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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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