Focusrite PLC Settlement of Share Options (0498N)
18 Janvier 2023 - 8:00AM
UK Regulatory
TIDMTUNE
RNS Number : 0498N
Focusrite PLC
18 January 2023
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 13 January 2023 Damian Hawley, a Person
Discharging Managerial Responsibilities ("PDMR"), exercised nominal
cost options over 12,520 shares granted to them under the Company's
Performance Share Plan and acquired ordinary shares of 0.1p each in
the Company.
The option was granted on 23 December 2019 and became vested and
exercisable as from 24 December 2022. The exercise of the option
was settled in part by the transfer of 6,635 ordinary shares and in
part with a cash payment equal to market value of 5,885 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. Hawley will have a beneficial
holding of 166,635 Ordinary Shares which represents 0.281% 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 Damian Hawley
---------------------- -----------------------------------------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position / st a tus CRO
---------------------- -----------------------------------------------------------------------------------------
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 Ordinary Shares of 0.1p each in Focusrite plc
fina n cial instrume
nt , type of ins t
rument
---------------------- -----------------------------------------------------------------------------------------
Identification code GB00BSBMW716
---------------------- -----------------------------------------------------------------------------------------
b) Nature of t h e Exercise of a nominal cost option under the Focusrite plc Performance Share Plan and
transact i o n 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 Price(s) Vo l umes
ume(s) GBP12.52 12,520 (settled in part by the transfer of 6,635 ordinary shares and in
part with a cash payment
equal to market value of 5,885 ordinary shares to meet the PDMR's
liability to income tax
and employee national insurance arising on the exercise of the option
over 12,520 shares )
---------------------- -----------------------------------------------------------------------------------------
d) Aggregated Not applicable - single transaction
information
- Aggregated volume
- Price
---------------------- -----------------------------------------------------------------------------------------
e) Date of the 13 January 2023
transaction
---------------------- -----------------------------------------------------------------------------------------
f) Place of the Outside a trading venue
transaction
---------------------- -----------------------------------------------------------------------------------------
-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 / Charlotte Young
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 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 design and
manufacture 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 synthesisers 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 Research
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 Group 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 of the London Stock
Exchange.
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END
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