Focusrite PLC Settlement of Share Options (9499Z)
January 15 2020 - 11:49AM
UK Regulatory
TIDMTUNE
RNS Number : 9499Z
Focusrite PLC
15 January 2020
For immediate release
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 10 January 2020 Simon Holt, being a Person
Discharging Managerial Responsibilities ("PDMRs"), exercised
nominal cost options granted to him under the Company's Performance
Share Plan and acquired ordinary shares of 0.1p each in the
Company.
The options were granted on 24 November 2016 and became vested
and exercisable as from 23 December 2019.
Exercised awards were settled in cash to the extent needed to
cover the PDMR's liability to income tax and employee national
insurance arising on the exercise of his award. The shares acquired
by the PDMR represent the balance of his award.
Immediately following exercise, Simon Holt immediately
transferred the full number of shares he acquired in connection
with exercise to his spouse (the 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 Simon Holt
--------------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Engineering 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
--------------------------------- ------------------------------------------
4 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
GBP7.12 7,104
(of which,
3,339 were
settled in
cash in lieu
of shares,
and 3,765 were
settled in
shares)
--------------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------------- ------------------------------------------
e) Date of the transaction 10 January 2020
--------------------------------- ------------------------------------------
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 3,765
--------
--------------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------------- --------------------------------------------
e) Date of the transaction 10 January 2020
--------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- --------------------------------------------
-ends-
Enquiries:
Focusrite plc: +44 1494 836301
Tim Carroll (CEO)
Jeremy Wilson (CFO)
Panmure Gordon (Nominated Adviser and Broker) +44 20 7886 2500
Freddy Crossley / Alina Vaskina
Erik Anderson
Belvedere Communications +44 20 3687 2756
John West
Llew Angus
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.
END
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