Focusrite PLC Notification of PDMR Transaction (0496N)
18 Janvier 2023 - 8:00AM
UK Regulatory
TIDMTUNE
RNS Number : 0496N
Focusrite PLC
18 January 2023
Focusrite plc
(the "Company" or the "Group")
Notification of PDMR Transaction
Focusrite plc (AIM: TUNE), the global music and audio products
company, announces that a Person Discharging Managerial
Responsibilities (PDMR) has completed the sale of part of their
beneficial interest in the Company on 16 January 2023.
Tim Carroll, Chief Executive Officer, has sold 15,000 ordinary
shares of 0.1 pence each in the capital of the Company ("Ordinary
Shares") at 773.667 pence per Ordinary Share in line with his
long-term financial planning.
Following the transaction, Mr. Carroll will retain a holding of
92,718 Ordinary Shares which represents 0.156% of the current
issued share capital. An amendment has been made to the RNS
announcement number 8561M released on 16 January 2023 at 11:43:35.
The following correction has been made to Tim Carroll's total
shareholding in the third paragraph. The text now reads: "Following
the transaction Mr. Carroll will have a beneficial holding of
107,718 Ordinary Shares which represents 0.182% 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 person discharging managerial responsibilities/person
closely associated
a) Name Tim Carroll
------------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status Chief Executive Officer and Executive
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) 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 Ordinary Shares of 0.1p each in Focusrite
financial instrument, plc
type of instrument
------------------------------- ------------------------------------------
b) Identification Code GB00BSBMW716
------------------------------- ------------------------------------------
c) Nature of the transaction Sale of Ordinary Shares
------------------------------- ------------------------------------------
d) Price(s) and volume(s) 15 ,000 Ordinary Shares
773.667 pence per Ordinary Share
------------------------------- ------------------------------------------
e) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
------------------------------- ------------------------------------------
f) Date of the transaction 16 January 2023
------------------------------- ------------------------------------------
g) Place of the transaction London Stock Exchange, AIM
------------------------------- ------------------------------------------
-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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