REG - Focusrite PLC - Notification of PDMR Transactions

FocusriteAnnouncement

14/02/2024 15:15

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RNS Number : 1709D  Focusrite PLC  14 February 2024

Draft: 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 transfer of part of their
beneficial interest in the Company on 13 February 2024.

 

David Bezem, a non-executive director, has transferred 3,968 ordinary shares
of 0.1 pence each in the capital of the Company ("Ordinary Shares") for no
consideration to his spouse.  Following the transaction, David Bezem will
retain a beneficial holding of 3969 Ordinary Shares which represents 0.01% of
the current issued share capital.

 

 1   Details of the persons discharging managerial responsibilities I person
     closely associated
 a)  Name                                                             David Bezem
 2   Reason for the notification
 a)  Position/status                                                 Non-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
 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                                       Transfer of 3,968 ordinary shares of 0.1p each in Focusrite plc
 c)  Price(s) and volume(s)

Price(s)  Volumes
                                                                     £ 0.00    3,968
 d)  Aggregated information                                          Not applicable - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                         13 February 2024
 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                                       Receipt of shares of by a person closely associated with a Person Discharging
                                                                     Managerial Responsibilities
 c)  Price(s) and volume(s)

Price(s)  Volumes
                                                                     £ 0.00    3,968
 d)  Aggregated information                                          Not applicable - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                         13 February 2024
 f)  Place of the transaction                                        London Stock Exchange

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

13 February 2024

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

Receipt of shares of by a person closely associated with a Person Discharging
Managerial Responsibilities

c)

Price(s) and volume(s)

 

 Price(s)  Volumes
 £ 0.00    3,968

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

13 February 2024

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 / Edward Knight
 Peel Hunt LLP (Joint Broker)                            +44 (0) 20 7418 8900
 David Flin / William Brinkley / Edward Knight
 Belvedere Communications (Financial PR)                 +44 (0) 20 7653 8702
 John West / Llewellyn Angus / Lily Pearce

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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