Focusrite PLC Director/PDMR Shareholding (3635I)
November 23 2018 - 6:29AM
UK Regulatory
TIDMTUNE
RNS Number : 3635I
Focusrite PLC
23 November 2018
Focusrite plc
("the Company" or "the Group")
PDMR
Dealings
Grant 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 20 November 2018 Damian Hawley and Giles Orford,
each being a Person Discharging Managerial Responsibilities
("PDMRs"), exercised nominal cost options granted to them under the
Company's Performance Share Plan and acquired ordinary shares of
0.1p each in the Company.
The options were granted on 16 December 2015 and vested on 20
November 2018. The number of shares in respect of which each award
could be exercised was determined by reference to the extent to
which a performance condition measuring growth in the Company's
Adjusted Profit was met.
Exercised awards were settled in cash to the extent needed to
cover each PDMR's liability to income tax and employee national
insurance arising on the exercise of their award. The shares
acquired by the PDMRs represent the balance of their award.
Immediately following exercise, each PDMR immediately
transferred the full number of shares they acquired in connection
with exercise to their respective spouses (each spouse being a
person closely associated with the relevant PDMR) for nil
consideration.
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 Damian Hawley
--------------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Director of Global Marketing and Sales
--------------------------------- ------------------------------------------
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 Exercise of a nominal cost option
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 acquired shares,
cash in lieu of such shares).
--------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volumes
GBP21.66 21,657
(of which,
10,179 were
settled in
cash in lieu
of shares,
and 11,478
were settled
in shares)
--------------
--------------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------------- ------------------------------------------
e) Date of the transaction 20 November 2018
--------------------------------- ------------------------------------------
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 financial Ordinary Shares of 0.1p each in Focusrite
instrument, type of instrument plc
--------------------------------- ------------------------------------------
Identification code
GB00BSBMW716
--------------------------------- ------------------------------------------
b) Nature of the transaction Transfer of shares to Lisa Hawley
(spouse) for nil consideration
--------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volumes
Nil 11,478
--------
--------------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------------- ------------------------------------------
e) Date of the transaction 20 November 2018
--------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) Name Giles Orford
--------------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Brand 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 financial Ordinary Shares of 0.1p each in Focusrite
instrument, type of instrument plc
--------------------------------- ------------------------------------------
Identification code
GB00BSBMW716
--------------------------------- ------------------------------------------
b) Nature of the transaction Exercise of a nominal cost option
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 acquired shares,
cash in lieu of such shares).
--------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volumes
GBP16.65 16,648
(of which,
7,825 were
settled in
cash in lieu
of shares,
and 8,823 were
settled in
shares)
----------------
--------------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------------- ------------------------------------------
e) Date of the transaction 20 November 2018
--------------------------------- ------------------------------------------
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 financial Ordinary Shares of 0.1p each in Focusrite
instrument, type of instrument plc
--------------------------------- ------------------------------------------
Identification code GB00BSBMW716
--------------------------------- ------------------------------------------
b) Nature of the transaction Transfer of shares to Fiona Orford
(spouse) for nil consideration
--------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volumes
Nil 8,823
--------
--------------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------------- ------------------------------------------
e) Date of the transaction 20 November 2018
--------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- ------------------------------------------
-ends-
Enquiries:
Focusrite plc:
Tim Carroll (CEO) +44 1494 462246
Jeremy Wilson (CFO) +44 1494 462246
Panmure Gordon
(Nominated Adviser and Broker)
Freddy Crossley +44 20 7886 2500
Erik Anderson
Belvedere Communications
John West +44 20 3567 0510
Kim Van Beeck +44 20 3567 0510
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END
DSHEAAFDAFAPFFF
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