REG - Focusrite PLC - PDMR Dealings

FocusriteAnnouncement

29/11/2021 09:50

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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 237,617 Ordinary Shares which
represents 0.4% 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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