TUNE Focusrite Plc

TIDMTUNE

RNS Number : 8840P

Focusrite PLC

22 November 2016

Focusrite Plc ("the Company")

Directors' Dealings

Focusrite Plc (AIM:TUNE), the global music and audio products company, was notified today that Dave Froker, retiring CEO of the Company, sold 150,000 Ordinary Shares of 0.1p pence each ("Ordinary Shares") in the Company at a price of 175 pence per Ordinary Share (the "Sale"). Following the Sale, Mr Froker holds 1,052,000 Ordinary Shares, representing 1.81% of the total voting rights of the Company being 58,075,000 ordinary shares.

As previously announced Mr Froker will be stepping down from his position as CEO at the end of December 2016.

22 November 2016

- ends -

 
  1   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------ 
 a)   Names                     David Froker - Chief Executive 
                                 Officer 
---  ------------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------ 
 a)   Position/status           Classified as PDMR of the Company 
---  ------------------------  ---------------------------------- 
 b)   Initial notification      Initial Notification 
       /Amendment 
---  ------------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------ 
 a)   Name                      Focusrite Plc 
---  ------------------------  ---------------------------------- 
 b)   LEI                       None 
---  ------------------------  ---------------------------------- 
 4    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            Ordinary shares of 0.1 pence 
       the financial             each 
       instrument, type 
       of instrument 
---  ------------------------  ---------------------------------- 
 b)   Identification            GB00BSBMW716 
       code 
---  ------------------------  ---------------------------------- 
 c)   Nature of the             On market sale 
       transaction 
---  ------------------------  ---------------------------------- 
 d)   Price(s) and              Price - 175p 
       volume(s)                 Volume - 150,000 shares 
---  ------------------------  ---------------------------------- 
 d)   Aggregated information     n/a 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ---------------------------------- 
 e)   Date of the transaction   22 November 2016 
---  ------------------------  ---------------------------------- 
 f)   Place of the              XLON 
       transaction 
---  ------------------------  ---------------------------------- 
 

Enquiries:

 
 Focusrite Plc: 
 Phil Dudderidge 
  (Chairman)                 +44 1494 836301 
 Dave Froker (CEO)           +44 1494 836301 
 Jeremy Wilson (CFO)         +44 1494 836301 
 
 Panmure Gordon 
                             +44 20 7886 
 Freddy Crossley              2968 
                             +44 20 7886 
 Tom Salvesen                 2904 
 
 Belvedere Communications 
                             +44 20 3567 
 John West                    0510 
                             +44 20 3567 
 Kim Van Beeck                0510 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 22, 2016 13:15 ET (18:15 GMT)

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