REG - Focusrite PLC - PDMR Dealings
25/11/2021 14:40
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RNS Number : 6375T Focusrite PLC 25 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 23 November
2021 Tim Carroll, Damian Hawley and Simon Holt, each being a Person
Discharging Managerial Responsibilities ("PDMRs"), exercised nominal cost
options over 81,782 shares granted to them 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 43,345
ordinary shares and in part with a cash payment equal to market value of
38,437 ordinary shares to meet the PDMRs' liability to income tax and employee
national insurance arising on the exercise of the option.
Following the transaction:
Mr. Carroll will have a beneficial holding of 78,741 Ordinary Shares which
represents 0.13% of the current issued share capital.
Mr. Hawley will have a beneficial holding of 177,852 Ordinary Shares which
represents 0.30% of the current issued share capital.
Mr. Holt will have a beneficial holding of 144,056 Ordinary Shares which
represents 0.25% 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 Carroll
2 Reason for the notification
a) Position/status CEO
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
£51.72 51,722 (settled in part by the transfer of 27,413 ordinary shares and in part
with a cash payment equal to market value of 24,309 ordinary shares to meet
the PDMR's liability to income tax and employee national insurance arising on
the exercise of the option over 51,722 shares)
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 23 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
23 November 2021
f)
Place of the transaction
Outside a trading venue
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 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
£17.09 17,089 (settled in part by the transfer of 9,057 ordinary shares and in part
with a cash payment equal to market value of 8,032 ordinary shares to meet the
PDMR's liability to income tax and employee national insurance arising on the
exercise of the option over 17,089 shares)
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 23 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
23 November 2021
f)
Place of the transaction
Outside a trading venue
1 Details of the persons discharging managerial responsibilities I person
closely associated
a) Name Simon Holt
2 Reason for the notification
a) Position/status Engineering 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 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
£12.97 12, 971 (settled in part by the transfer of 6,875 ordinary shares and in part
with a cash payment equal to market value of 6,096 ordinary shares to meet the
PDMR's liability to income tax and employee national insurance arising on the
exercise of the option over 12, 971 shares)
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 23 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
23 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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