Focusrite PLC PDMR Dealings (1713P)
07 Février 2023 - 10:51AM
UK Regulatory
TIDMTUNE
RNS Number : 1713P
Focusrite PLC
07 February 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 6 February 2023 Christian Hellinger, a Person
Discharging Managerial Responsibilities ("PDMR"), exercised nominal
cost options over 11,637 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 13 May 2020 and became vested and
exercisable as from 24 December 2022. The exercise of the option
was settled in part by the transfer of 5,236 ordinary shares and in
part with a cash payment equal to market value of 6,401 ordinary
shares to meet the PDMR's liability to income tax and social
security contributions arising on the exercise of the option.
Following the transaction Mr. Hellinger will have a beneficial
holding of 5,236 Ordinary Shares which represents 0.009% 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 Rolf Christian Hellinger
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position / st a tus CEO, ADAM Audio
--------------------------- ------------------------------------------
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 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 Exercise of a nominal cost option
i o n under the Focusrite plc Performance
Share Plan and acquisition of ordinary
shares of 0.1p each in Focusrite plc
(or, as to 45% of the vested shares
number, cash in lieu of such shares).
--------------------------- ------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
GBP11.63 11,637 (settled
in part by
the transfer
of 5,236 ordinary
shares and
in part with
a cash payment
equal to market
value of 6,401
ordinary shares
to meet the
PDMR's liability
to income tax
and employee
national insurance
arising on
the exercise
of the option
over 11,637
shares )
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 6 February 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 / 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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