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

(END) Dow Jones Newswires

December 05, 2023 09:02 ET (14:02 GMT)

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