TIDMTUNE
RNS Number : 7594V
Focusrite PLC
05 December 2023
Focusrite plc
("the Company" or "the Group")
Directors' Dealings
Grant of Share Options to PDMRs
Focusrite plc (AIM:TUNE), the global music and audio products
company, announces that on 28 November 2023 it granted nominal cost
options over ordinary shares of 0.1p each in the capital of the
Company under the Company's Performance Share Plan to certain
'persons discharging managerial responsibilities' of the Company
("PDMRs") as listed below.
PDMR No. of shares under
option
Tim Carroll 84,956
--------------------
Sally McKone 60,458
--------------------
Damian Hawley 20,764
--------------------
Tim Dingley 20,764
--------------------
Simon Holt 17,980
--------------------
Christian Hellinger 18,975
--------------------
Dom Harter 20,207
--------------------
David Gibbons 23,327
--------------------
Rodney Densham 10,021
--------------------
The options will ordinarily vest on the third anniversary of the
grant date, subject to the Remuneration Committee's determination
of the extent to which the performance condition applicable to the
award has been satisfied and to the individual's ongoing employment
with the Company's group.
The performance condition measures Company's adjusted, earnings
per share for the over the period from 1 September 2023 to 31
August 2026. Fuller details of the performance condition shall be
set out in the Company's Directors' Remuneration Report for the
year ending 31 August 2024.
Once vested, options shall remain exercisable until the tenth
anniversary of the grant date.
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
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) LEI 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 , plc
type of ins t rument
--------------------------- ------------------------------------------
Identification code
GB00BSBMW716
--------------------------- ------------------------------------------
b) Nature of t h e transact Grant of a nominal cost option under
i o n the Focusrite plc Performance Share
Plan.
--------------------------- ------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
Nil 84,956
------------
--------------------------- ------------------------------------------
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
Chief Financial Officer
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification / Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
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 ofinstrument; (ii) each type of transaction;
(iii) each date; and (iv) each placewhere transactions
have been conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the fina n cial instrume nt , type of Ordinary Shares of 0.1p each in Focusrite plc
ins t rument
-------------------------------------------------------- -------------------------------------------------------
Identification code
GB00BSBMW716
-------------------------------------------------------- -------------------------------------------------------
b) Nature of t h e transact i o n Grant of a nominal cost option under the Focusrite plc
Performance Share Plan.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
Nil 60,458
------------
-------------------------------------------------------- -------------------------------------------------------
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 Damian Hawley
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position / st a tus Chief Revenue Officer
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification / Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
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 n cial instrume nt , type of Ordinary Shares of 0.1p each in Focusrite plc
ins t rument
-------------------------------------------------------- -------------------------------------------------------
Identification code
GB00BSBMW716
-------------------------------------------------------- -------------------------------------------------------
b) Nature of t h e transact i o n Grant of a nominal cost option under the Focusrite plc
Performance Share Plan.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
Nil 20,764
------------
-------------------------------------------------------- -------------------------------------------------------
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 Tim Dingley
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position / st a tus Managing Director, Focusrite Novation
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification / Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
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 n cial instrume nt , type of Ordinary Shares of 0.1p each in Focusrite plc
ins t rument
-------------------------------------------------------- -------------------------------------------------------
Identification code
GB00BSBMW716
-------------------------------------------------------- -------------------------------------------------------
b) Nature of t h e transact i o n Grant of a nominal cost option under the Focusrite plc
Performance Share Plan.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
Nil 20,764
------------
-------------------------------------------------------- -------------------------------------------------------
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 Simon Holt
------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position / st a tus 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) 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 , plc
type of ins t rument
------------------------- ------------------------------------------
Identification code
GB00BSBMW716
------------------------- ------------------------------------------
b) Nature of t h e transact Grant of a nominal cost option under
i o n the Focusrite plc Performance Share
Plan.
------------------------- ------------------------------------------
c) Price(s) a n d vo l Price(s) Vo l umes
ume(s) Nil 17,980
------------
------------------------- ------------------------------------------
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 Christian Hellinger
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position / st a tus ADAM Audio CEO
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification / Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
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 n cial instrume nt , type of Ordinary Shares of 0.1p each in Focusrite plc
ins t rument
-------------------------------------------------------- -------------------------------------------------------
Identification code
GB00BSBMW716
-------------------------------------------------------- -------------------------------------------------------
b) Nature of t h e transact i o n Grant of a nominal cost option under the Focusrite plc
Performance Share Plan.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
Nil 18,975
------------
-------------------------------------------------------- -------------------------------------------------------
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 Dom Harter
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position / st a tus Martin Audio Managing Director
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification / Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
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 n cial instrume nt , type of Ordinary Shares of 0.1p each in Focusrite plc
ins t rument
-------------------------------------------------------- -------------------------------------------------------
Identification code
GB00BSBMW716
-------------------------------------------------------- -------------------------------------------------------
b) Nature of t h e transact i o n Grant of a nominal cost option under the Focusrite plc
Performance Share Plan.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
Nil 20,207
------------
-------------------------------------------------------- -------------------------------------------------------
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 David Gibbons
------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position / st a tus Sequential 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 , plc
type of ins t rument
------------------------- ------------------------------------------
Identification code
GB00BSBMW716
------------------------- ------------------------------------------
b) Nature of t h e transact Grant of a nominal cost option under
i o n the Focusrite plc Performance Share
Plan.
------------------------- ------------------------------------------
c) Price(s) a n d vo l Price(s) Vo l umes
ume(s) Nil 23,327
------------
------------------------- ------------------------------------------
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 Rodney Densham
------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position / st a tus CEO, Sonnox
------------------------- ------------------------------------------
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 , plc
type of ins t rument
------------------------- ------------------------------------------
Identification code
GB00BSBMW716
------------------------- ------------------------------------------
b) Nature of t h e transact Grant of a nominal cost option under
i o n the Focusrite plc Performance Share
Plan.
------------------------- ------------------------------------------
c) Price(s) a n d vo l Price(s) Vo l umes
ume(s) Nil 10,021
------------
------------------------- ------------------------------------------
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) +44 (0) 20 7597 5970
David Flin / William Brinkley / Edward Knight
Peel Hunt LLP (Joint Broker) +44 (0) 20 7418 8900
Paul Gillam / Michael Burke / James Smith
Belvedere Communications (Financial PR) +44 (0)20 3008 6864
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 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
DSHFLFEVFRLEIIV
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