REG - Focusrite PLC - Notification of PDMR Transaction

FocusriteAnnouncement

18/01/2023 07:00

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RNS Number : 0496N  Focusrite PLC  18 January 2023

Focusrite plc

 

(the "Company" or the "Group")

 

 

Notification of PDMR Transaction

 

Focusrite plc (AIM: TUNE), the global music and audio products company,
announces that a Person Discharging Managerial Responsibilities (PDMR) has
completed the sale of part of their beneficial interest in the Company on 16
January 2023.

 

Tim Carroll, Chief Executive Officer, has sold 15,000 ordinary shares of 0.1
pence each in the capital of the Company ("Ordinary Shares") at 773.667 pence
per Ordinary Share in line with his long-term financial planning.

 

Following the transaction, Mr. Carroll will retain a holding of 92,718
Ordinary Shares which represents 0.156% of the current issued share capital.
An amendment has been made to the RNS announcement number 8561M released on 16
January 2023 at 11:43:35. The following correction has been made to Tim
Carroll's total shareholding in the third paragraph. The text now reads:
"Following the transaction Mr. Carroll will have a beneficial holding of
107,718 Ordinary Shares which represents 0.182% of the current issued share
capital".

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 person discharging managerial responsibilities/person closely
        associated
 a)     Name                                                         Tim Carroll
 2      Reason for the notification
 a)     Position/status                                              Chief Executive Officer and Executive 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)     LEI                                                          213800JJ51KA4LOTF736
 4      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
 b)     Identification Code                                          GB00BSBMW716
 c)     Nature of the transaction                                    Sale of Ordinary Shares

 d)     Price(s) and volume(s)                                       15,000 Ordinary Shares

                                                                     773.667 pence per Ordinary Share
 e)     Aggregated information

        - Aggregated volume                                          N/A (single transaction)

        - Price
 f)     Date of the transaction                                      16 January 2023
 g)     Place of the transaction                                     London Stock Exchange, AIM

 

 

-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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