Focusrite PLC PDMR Dealings - amendment (6301B)
04 October 2022 - 4:12AM
UK Regulatory
TIDMTUNE
RNS Number : 6301B
Focusrite PLC
03 October 2022
For immediate release
An amendment has been made to the RNS announcement number 8706T
released on 29 November 2021 at 09:48:53.
The following correction has been made to Tim Dingley's total
shareholding in the fourth paragraph.
The text now reads:
"Following the transaction:
Mr. Dingley will have a beneficial holding of 246,472 Ordinary
Shares which represents 0.42% of the current issued share
capital."
All other details remain unchanged. The full amended text is
show below.
PDMR Dealings
FOCUSRITE PLC
Released 09:48:53 29 November 2021
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 246,472 Ordinary
Shares which represents 0.42% 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
i o n under 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
i o n (spouse) 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
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END
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
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