REG - Focusrite PLC - PDMR Dealings - amendment

FocusriteAnnouncement

03/10/2022 18:15

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RNS Number : 6301B  Focusrite PLC  03 October 2022

For immediate release

 

An amendment has been made to the RNS announcement number 8706T released on 29
November 2021 at 09:48:53.

The following correction has been made to Tim Dingley's total shareholding in
the fourth paragraph.

The text now reads:

"Following the transaction:

Mr. Dingley will have a beneficial holding of 246,472 Ordinary Shares which
represents 0.42% of the current issued share capital."

All other details remain unchanged.  The full amended text is show below.

 

 

 

 

PDMR Dealings

FOCUSRITE PLC (https://www.londonstockexchange.com/stock/TUNE/focusrite-plc)

Released 09:48:53 29 November 2021

 

RNS Number : 8706T

Focusrite PLC

29 November 2021

 

Focusrite plc

 

("the Company" or "the Group")

 

 PDMR Dealings

Settlement of Share Options

 

Focusrite plc (AIM:TUNE), the global music and audio products company that
trades under the Focusrite and Novation brands, announces that on 25 November
2021 Tim Dingley, a Person Discharging Managerial Responsibilities ("PDMRs"),
exercised nominal cost options over 15,919 shares granted to him under the
Company's Performance Share Plan and acquired ordinary shares of 0.1p each in
the Company.

 

The option was granted on 21 November 2018 and became vested and exercisable
as from 22 November 2021.

 

The exercise of the option was settled in part by the transfer of 8,437
ordinary shares and in part with a cash payment equal to market value of 7,482
ordinary shares to meet the PDMR's liability to income tax and employee
national insurance arising on the exercise of the option.

 

Following the transaction:

Mr. Dingley will have a beneficial holding of 246,472 Ordinary Shares which
represents 0.42% 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 persons discharging managerial responsibilities I person
     closely associated
 a)  Name                                                              Tim Dingley
 2   Reason for the notification
 a)  Position/status                                                   Chief Operating 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                                        Exercise of a nominal cost option under the Focusrite plc Performance Share
                                                                      Plan and acquisition of ordinary shares of 0.1p each in Focusrite plc (or, as
                                                                      to 47% of the vested shares number, cash in lieu of such shares).
 c)  Price(s) and volume(s)

Price(s)  Volumes
                                                                      £ 15.92   15,919 (settled in part by the transfer of 8,437 ordinary shares and in part
                                                                           with a cash payment equal to market value of 7,482 ordinary shares to
                                                                           meet the PDMR's liability to income tax and employee national insurance
                                                                           arising on the exercise of the option over 15,919 shares)

 d)  Aggregated information                                           Not applicable - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                          25 November 2021
 f)  Place of the transaction                                         Outside a trading venue
 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                                        Transfer of shares to Janice Dingley (spouse) for nil consideration
 c)  Price(s) and volume(s)

Price(s)  Volumes
                                                                      Nil       8,437
 d)  Aggregated information                                           Not applicable - single transaction

     - Aggregated volume

     - Price
 e)  Date of the transaction                                          25 November 2021
 f)  Place of the transaction                                         Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

25 November 2021

f)

Place of the transaction

Outside a trading venue

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

Transfer of shares to Janice Dingley (spouse) for nil consideration

c)

Price(s) and volume(s)

 

 Price(s)  Volumes
 Nil       8,437

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - single transaction

e)

Date of the transaction

25 November 2021

f)

Place of the transaction

Outside a trading venue

 

 

 

-ends-

 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
 Edward Knight
 Michael Burke
 James Smith

 Belvedere Communications
 John West                                               +44 20 3687 2753
 Llew Angus                                              +44 20 3687 2754

 

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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
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