Focusrite PLC Issue of Management Shares (9103Y)
18 May 2021 - 4:00PM
UK Regulatory
TIDMTUNE
RNS Number : 9103Y
Focusrite PLC
18 May 2021
Strictly embargoed until 07:00 on 18 May 2021
Focusrite plc
( " the Company" or " the Group")
Issue of Management Shares
Focusrite plc (AIM: TUNE), the global music and audio products
company supplying hardware and software used by professional and
amateur musicians and the entertainment industry, is pleased to
announce the issue of 13,337 management share awards to the
Company's recently appointed Chief Financial Officer, Sally
McKone.
The shares, to be issued from the Company's Employee Benefit
Trust were determined by the Company's Remuneration Committee and
approved by the Board.
The shares will vest in three tranches; the first tranche of
3,176 shares vested in March 2021, the second tranche of 4,029
shares will vest in March 2022 and the third tranche of 6,132
shares will vest in March 2023.
Following the announcement of the Company's interim results, on
13 May 2021 the Company has awarded the first tranche on 17 May
2021 which comprises 3,176 shares. After the Company cash settled
the resulting tax and deducted the National Insurance element,
Sally McKone will be awarded a net holding of shares in the first
tranche resulting in total beneficial holding of 1,683 being 0.003%
of the issued ordinary share capital of 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) N a me Sally McKone
---------------------------- ------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position / s t a tus Chief Financial Officer
---------------------------- ------------------------------------------
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 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 fin Ordinary Shares of 0.1p each in Focusrite
a n cial instrum e n plc
t , type of in s t rument
---------------------------- ------------------------------------------
Identification code GB00BSBMW716
---------------------------- ------------------------------------------
b) Nature of t h e transac Issue of shares ordinary shares from
t i o n EBT of 0.1p each in Focusrite plc.
---------------------------- ------------------------------------------
c) Price(s) a n d v o l Price(s) V o l umes
ume(s) Nil cost 3,176 ( settled
in part by the
transfer of 1,683
ordinary shares
and in part with
a cash payment
equal to market
value of 1,493
ordinary shares
to meet the PDMR's
liability to income
tax and employee
national insurance
arising on the
issue of 3,176
shares )
---------------------
---------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
---------------------------- ------------------------------------------
e) Date of the transaction 17 May 2021
---------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------- ------------------------------------------
-ends-
Enquiries:
Focusrite plc: +44 1494 836301
Tim Carroll (CEO)
Sally McKone (CFO)
Panmure Gordon (Nominated Adviser and Broker) +44 20 7886 2500
Freddy Crossley / Alina Vaskina
Erik Anderson
Belvedere Communications +44 20 3687 2756
John West
Llew Angus
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 music and audio products group that
develops and markets proprietary hardware and software products.
Used by recording professionals and musicians alike, its solutions
facilitate the high-quality production of recorded and live sound.
The Focusrite Group trades under six established brands: Focusrite,
Focusrite Pro, Novation, Ampify, ADAM Audio and Martin Audio.
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. Sequential designs and manufacturers
high end analogue synthesizers.
The Focusrite Group has offices in four continents and a global
customer base with a distribution network covering approximately
160 territories.
Focusrite plc is traded on the AIM market, London Stock
Exchange.
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 or visit 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 Privacy
Policy.
END
DSHARMRTMTBBBPB
(END) Dow Jones Newswires
May 18, 2021 02:00 ET (06:00 GMT)
Focusrite (LSE:TUNE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Focusrite (LSE:TUNE)
Historical Stock Chart
From Apr 2023 to Apr 2024
