Focusrite PLC Director Share Dealings (7580V)
December 05 2023 - 7:54AM
UK Regulatory
TIDMTUNE
RNS Number : 7580V
Focusrite PLC
05 December 2023
Focusrite plc
("the Company" or "the Group")
Focusrite plc FY23 Discretionary Directors Bonus (FY23
Bonus)
Director Share Dealings
Focusrite plc (AIM:TUNE), the global music and audio products
company that trades under the Focusrite and Novation brands,
announces that on 28 November 2023 it awarded ordinary shares of
0.1p each in the capital of the Company ("Shares") to Tim Carroll,
Group CEO of the Company and Sally McKone, Group CFO of the Company
(each Persons Discharging Managerial Responsibilities ("PDMRs")),
as listed below.
Director No. of Shares awarded
Tim Carroll 8,933
Sally McKone 15,622
The Shares were awarded to the PDMRs as part of the Company's
annual bonus arrangements for the 2023 financial year. Each PDMR
elected to convert a portion of their annual bonus into Shares, and
in return received an award of further Shares on a 1:1 basis.
Neither PDMR may ordinarily sell, transfer, assign or dispose of
the Shares for a period of two years.
The award of the shares was settled in part by the transfer of
8,933 ordinary shares to Mr. Carroll and the transfer of 15,622
ordinary shares to Ms McKone and in part with a cash payment equal
to market value of 7,922 ordinary shares to meet Mr. Carroll's
liability to income tax and employee national insurance arising on
award of the bonus shares and 13,853 ordinary shares to meet Ms
McKone's liability to income tax and employee national insurance
arising on award of the bonus shares.
Following the award Mr. Carroll's beneficial holding is 97,446
Ordinary Shares in the Company representing 0.16% of the total
number of shares in the Company and Ms McKone's beneficial holding
is 27,630 Ordinary Shares in the Company representing 0.04% of the
total number of shares in 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) N a me Tim Carroll
---------------------------- --------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position / st a tus Group Chief Executive 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) Legal Entity Identifier 213800JJ51KA4LOTF736
---------------------------- --------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type ofinstrument; (ii) each type of transaction;
(iii) each date; and (iv) each placewhere transactions have
been conducted
--------------------------------------------------------------------------
a) Description of the fina Ordinary Shares of 0.1p each in Focusrite
n cial instrume nt , type plc
of ins t rument
---------------------------- --------------------------------------------
Identification code
GB00BSBMW716
---------------------------- --------------------------------------------
b) Nature of t h e transact Acquisition of shares pursuant to
i o n Focusrite plc's annual bonus arrangements
for the 2023 financial year
---------------------------- --------------------------------------------
c) Price(s) a n d vo l ume(s) Prices per Vo l umes Acquired
share
Nil 8,933
-------------------
---------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
---------------------------- --------------------------------------------
e) Date of the transaction 28 November 2023
---------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------- --------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) N a me Sally McKone
---------------------------- --------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position / st a tus Group 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) Legal Entity Identifier 213800JJ51KA4LOTF736
---------------------------- --------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type ofinstrument; (ii) each type of transaction;
(iii) each date; and (iv) each placewhere transactions have
been conducted
--------------------------------------------------------------------------
a) Description of the fina Ordinary Shares of 0.1p each in Focusrite
n cial instrume nt , type plc
of ins t rument
---------------------------- --------------------------------------------
Identification code
GB00BSBMW716
---------------------------- --------------------------------------------
b) Nature of t h e transact Acquisition of shares pursuant to
i o n Focusrite plc's annual bonus arrangements
for the 2021 financial year
---------------------------- --------------------------------------------
c) Price(s) a n d vo l ume(s) Prices per Vo l umes Acquired
share
Nil 15,622
-------------------
---------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
---------------------------- --------------------------------------------
e) Date of the transaction 28 November 2023
---------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------- --------------------------------------------
-ends-
Enquiries:
Focusrite plc:
Tim Carroll (CEO) +44 1494 462246
Sally McKone (CFO) +44 1494 462246
Investec Bank plc (Nominated Adviser and
Joint Broker)
David Flin
Edward Knight
William Brinkley +44 20 7597 5970
Peel Hunt LLP (Joint broker)
Paul Gillam
Michael Burke
James Smith +44 20 7418 8900
Belvedere Communications
John West
Llew Angus +44 207 653 8703
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
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 eleven established brands: Focusrite, Focusrite
Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio,
Linea Research Sequential, Oberheim and Sonnox.
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 synthesizers 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
under the Sequential and Oberheim brands. Sonnox is a leading
designer of innovative, high quality, award winning audio
processing
software plug-ins for professional audio engineers.
The Company 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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END
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