TIDMTUNE
RNS Number : 9249R
Focusrite PLC
11 July 2022
For immediate release
An amendment has been made to the RNS announcement number 7133P
released on 22 June 2022 at 07:00.
The following correction has been made to Sally McKone's total
shareholding in the third paragraph.
The text now reads: "Following the award, Ms McKone will have a
beneficial holding of 5,678 shares shares, being 0.01% of the
issued ordinary share capital of the Company."
All other details remain unchanged. The full amended text is
show below.
Issue of Management Shares
FOCUSRITE PLC
Released 07:00:07 22 June 2022
RNS Number : 7133P
Focusrite PLC
22 June 2022
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, announces the
issue of the second tranche of 4,029 management share awards to
Sally McKone, the Company's Chief Financial Officer. As set out in
the Company's announcement of 18 May 2021, such awards were made as
compensation for certain incentive arrangements which she forfeited
or was otherwise not awarded on leaving her former employer to join
the Group.
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 Company will cash settle the resulting tax and National
Insurance elements. Accordingly, Ms McKone will be awarded a net
holding of 2,136 shares. Following the award, Ms McKone will have a
beneficial holding of 5,678 shares, being 0.01% 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) Name Sally McKone
------------------------------- -----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status 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 financial Ordinary Shares of 0.1p each in Focusrite
instrument, type of instrument plc
------------------------------- -----------------------------------------
Identification code GB00BSBMW716
------------------------------- -----------------------------------------
b) Nature of the transaction Issue of shares ordinary shares from
EBT of 0.1p each in Focusrite plc.
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volumes
Nil cost 4,029 (settled
in part by the
transfer of 2,136
ordinary shares
and in part with
a cash payment
equal to market
value of 1,893
ordinary shares
to meet the PDMR's
liability to income
tax and employee
national insurance
arising on the
issue of 4,029
shares)
--------------------
------------------------------- -----------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
------------------------------- -----------------------------------------
e) Date of the transaction 20 June 2022
------------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- -----------------------------------------
- Ends -
Enquiries:
Focusrite plc +44 (0) 149 446 2246
Tim Carroll, Chief Executive Officer
Sally McKone, Chief Financial Officer
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 +44 (0) 20 3687 2756
John West
Llew Angus
Notes to Editors
Focusrite plc is a global audio products group that develops and
markets proprietary hardware and software products. Used by audio
professionals and musicians, its solutions facilitate the
high-quality production of recorded and live sound. The Focusrite
Group trades under nine established brands: Focusrite, Focusrite
Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio,
Linea and Sequential.
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. Linea designs, develops, manufactures
and sells market innovative professional audio equipment globally.
Sequential designs and manufactures high end analogue
synthesizers.
The Focusrite Group has offices in four continents and a global
customer base with a distribution network covering approximately
240 territories.
Focusrite plc is traded on the AIM market, London Stock
Exchange.
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London Stock Exchange. RNS is approved by the Financial Conduct
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END
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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
DSHQKLFBLDLZBBL
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