TIDMTUNE

RNS Number : 8706T

Focusrite PLC

29 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 25 November 2021 Tim Dingley, a Person Discharging Managerial Responsibilities ("PDMRs"), exercised nominal cost options over 15,919 shares granted to him 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 8,437 ordinary shares and in part with a cash payment equal to market value of 7,482 ordinary shares to meet the PDMR's liability to income tax and employee national insurance arising on the exercise of the option.

Following the transaction:

Mr. Dingley will have a beneficial holding of 237,617 Ordinary Shares which represents 0.4% 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 Dingley 
     ---------------------------  ---------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position / st a tus          Chief Operating 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 
                                         GBP 15.92   15,919 (settled 
                                                      in part by 
                                                      the transfer 
                                                      of 8,437 ordinary 
                                                      shares and 
                                                      in part with 
                                                      a cash payment 
                                                      equal to market 
                                                      value of 7,482 
                                                      ordinary shares 
                                                      to meet the 
                                                      PDMR's liability 
                                                      to income tax 
                                                      and employee 
                                                      national insurance 
                                                      arising on 
                                                      the exercise 
                                                      of the option 
                                                      over 15,919 
                                                      shares) 
     ---------------------------  ---------------------------------------------- 
 d)    Aggregated information      Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------  ---------------------------------------------- 
 e)   Date of the transaction      25 November 2021 
     ---------------------------  ---------------------------------------------- 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  ---------------------------------------------- 
 4B   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     Transfer of shares to Janice Dingley (spouse) 
       i o n                        for nil consideration 
     ---------------------------  ---------------------------------------------- 
 c)   Price(s) a n d vo l ume(s)     Price(s)    Vo l umes 
                                         Nil      8,437 
                                                 ---------- 
     ---------------------------  ---------------------------------------------- 
 d)    Aggregated information      Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------  ---------------------------------------------- 
 e)   Date of the transaction      25 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 
 

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

DSHGCBDBRSDDGBC

(END) Dow Jones Newswires

November 29, 2021 04:48 ET (09:48 GMT)

Focusrite (LSE:TUNE)
Historical Stock Chart
From Apr 2022 to May 2022 Click Here for more Focusrite Charts.
Focusrite (LSE:TUNE)
Historical Stock Chart
From May 2021 to May 2022 Click Here for more Focusrite Charts.