Focusrite PLC PDMR Dealings (6375T)
26 November 2021 - 1:37AM
UK Regulatory
TIDMTUNE
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) N a me Tim Carroll
--------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position / st a tus CEO
--------------------------- --------------------------------------------
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 fina Ordinary Shares of 0.1p each in Focusrite
n cial instrume nt , plc
type of ins t rument
--------------------------- --------------------------------------------
Identification code GB00BSBMW716
--------------------------- --------------------------------------------
b) Nature of t h e transact Exercise of a nominal cost option under
i o n 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) a n d vo l ume(s) Price(s) Vo l umes
GBP51.72 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
--------------------------- --------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) N a me Damian Hawley
--------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position / st a tus Chief Revenue 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 fina Ordinary Shares of 0.1p each in Focusrite
n cial instrume nt , plc
type of ins t rument
--------------------------- --------------------------------------------
Identification code GB00BSBMW716
--------------------------- --------------------------------------------
b) Nature of t h e transact Exercise of a nominal cost option under
i o n 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) a n d vo l ume(s) Price(s) Vo l umes
GBP17.09 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
--------------------------- --------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) N a me Simon Holt
--------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position / st a tus Engineering Director
--------------------------- --------------------------------------------
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 fina Ordinary Shares of 0.1p each in Focusrite
n cial instrume nt , plc
type of ins t rument
--------------------------- --------------------------------------------
Identification code GB00BSBMW716
--------------------------- --------------------------------------------
b) Nature of t h e transact Exercise of a nominal cost option under
i o n 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) a n d vo l ume(s) Price(s) Vo l umes
GBP12.97 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
--------------------------- --------------------------------------------
-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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END
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