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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November 25, 2021 09:37 ET (14:37 GMT)

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