REG - Focusrite PLC - Notification of PDMR Transactions

FocusriteAnnouncement

22/02/2023 09:30

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RNS Number : 7160Q  Focusrite PLC  22 February 2023

For immediate release

 

Focusrite plc

 

(the "Company" or the "Group")

 

Notification of PDMR Transactions

 

Focusrite plc (AIM: TUNE), the global music and audio products company,
announces that a person closely associated with a Person Discharging
Managerial Responsibilities (PDMR) completed the sale of part of their
beneficial interest in the Company on 17 February 2023.

 

Damian Hawley, Chief Revenue Officer, has sold 7,146 ordinary shares of 0.1
pence each in the capital of the Company ("Ordinary Shares") at 735.00 pence
per Ordinary Share and Lisa Hawley, spouse of Damian Hawley, has sold 3,854
ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary
Shares") at 735.00 pence per Ordinary Share.  Following the transaction,
Damian Hawley will retain a beneficial holding of 155,635 Ordinary Shares
which represents 0.263% of the current issued share capital.

 

 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)  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                                       Sale of 9,057 ordinary shares of 0.1p each in Focusrite plc
 c)  Price(s) and volume(s)

Price(s)  Volumes
                                                                     £ 7.35    7,146
 d)  Aggregated information                                          Not applicable - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                         17 February 2023
 f)  Place of the transaction                                        London Stock Exchange
 4B  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                                       Sale of shares of a person closely associated with a Person Discharging
                                                                     Managerial Responsibilities
 c)  Price(s) and volume(s)

Price(s)  Volumes
                                                                     £7.35     3,854
 d)  Aggregated information                                          Not applicable - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                         17 February 2023
 f)  Place of the transaction                                        London Stock Exchange

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

17 February 2023

f)

Place of the transaction

London Stock Exchange

4B

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

Sale of shares of a person closely associated with a Person Discharging
Managerial Responsibilities

c)

Price(s) and volume(s)

 

 Price(s)  Volumes
 £7.35     3,854

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

17 February 2023

f)

Place of the transaction

London Stock Exchange

 

 

-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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