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.

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

DSHEAFKFAEKAEAA

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

(END) Dow Jones Newswires

July 11, 2022 03:00 ET (07:00 GMT)

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