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RNS Number : 6154J Focusrite PLC 14 December 2022
Focusrite plc
("the Company" or "the Group")
Focusrite plc FY22 Discretionary Directors Bonus (FY22 Bonus)
Director Share Dealings
Focusrite plc (AIM:TUNE), the global music and audio products company that
trades under the Focusrite and Novation brands, announces that on 8 December
2022 it awarded ordinary shares of 0.1p each in the capital of the Company
("Shares") to Tim Carroll, CEO of the Company and Sally McKone, CFO of the
Company (each Persons Discharging Managerial Responsibilities ("PDMRs")), as
listed below.
Director No. of Shares awarded
Tim Carroll 3,928
Sally McKone 3,081
The Shares were awarded to the PDMR under the Company's annual bonus
arrangements for the 2022 financial year. Each PDMR elected to convert their
annual bonus into Shares, and in return received an award of further Shares on
a 1:1 basis.
Neither PDMR may ordinarily sell, transfer, assign or dispose of the Shares
for a period of two years.
Following the award Mr. Carroll's beneficial holding is 82,669 Ordinary Shares
in the Company representing 0.139% of the total number of shares in the
Company and Ms McKone's beneficial holding is 8,759 Ordinary
Shares in the Company representing 0.014% of the total number of shares in the
Company.
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 Chief Executive 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) Legal Entity Identifier 213800JJ51KA4LOTF736
4 Details of the transaction(s): section to be repeated
for (i) each type ofinstrument; (ii) each type of transaction; (iii) each date; and (iv) each placewhere 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 Acquisition of shares pursuant to Focusrite plc's annual bonus arrangements
for the 2022 financial year
c) Price(s) and volume(s)
Prices per share Volumes Acquired
Nil 3,928
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 8 December 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
8 December 2022
f)
Place of the transaction
Outside a trading venue
1 Details of the persons discharging managerial responsibilities I person
closely associated
a) Name Sally McKone
2 Reason for the notification
a) Position/status Chief Financial 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) Legal Entity Identifier 213800JJ51KA4LOTF736
4 Details of the transaction(s): section to be repeated
for (i) each type ofinstrument; (ii) each type of transaction; (iii) each date; and (iv) each placewhere 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 Acquisition of shares pursuant to Focusrite plc's annual bonus arrangements
for the 2022 financial year
c) Price(s) and volume(s)
Prices per share Volumes Acquired
Nil 3,081
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
e) Date of the transaction 8 December 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
8 December 2022
f)
Place of the transaction
Outside a trading venue
-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
Edward Knight
Michael Burke
James Smith
Belvedere Communications
John West +44 (0) 203 008 6866
Llew Angus +44 (0) 203 008 6866
The information communicated in this announcement contains inside information
for the purposes of Article 7 of the Market Abuse Regulation (EU) No.
596/2014.
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 ten established brands:
Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal
Audio, Linea Research Sequential and Oberheim.
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 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 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.
The Focusrite 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, London Stock Exchange.
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