AGM Statement and Update on Trading

RNS Number : 9011I

Focusrite PLC

17 December 2020

 

Strictly embargoed until: 07.00, 17 December 2020

Focusrite plc

AGM Statement and Update on Trading

Focusrite plc (AIM: TUNE), the global music and audio products company, will today hold its Annual General Meeting at 12.00 noon by way of a closed meeting with only the minimum attendees present as required to form a quorum. As shareholders are not permitted to attend in person, voting on all resolutions will be by way of proxy in advance of the meeting.

Phil Dudderidge, Executive Chairman, will make the following statement regarding current trading:

"Since the year end demand for most of our products has continued to be strong. Consequently, revenue in the first quarter was substantially greater than the equivalent period in the previous financial year.  As mentioned at the time of the announcement of the final results for the year ended 31 August 2020, the Board remains conscious of global factors that could adversely impact our operations, which it will continue to monitor." 

-ends-

Enquiries:

Focusrite plc:  [phone]

Tim Carroll (CEO) 

Jeremy Wilson (CFO) 

Panmure Gordon (Nominated Adviser and Broker)                                 [phone]

Freddy Crossley / Alina Vaskina

Erik Anderson

Belvedere Communications                                                                          [phone]

John West 

Llew Angus 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

Notes to Editors

Focusrite plc is a global audio and music 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 performance sound.  The Focusrite Group trades under six established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio and Martin Audio.

With a high-quality reputation and a rich heritage spanning decades, its brands are category leaders in the electronic music-making and audio music 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 synthesisers and grooveboxes to industry-shaping music software 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 live and installed sound applications.

The Focusrite Group has a global customer base with a distribution network covering approximately 160 territories.  Focusrite is headquartered in High Wycombe, UK, with marketing offices in Los Angeles and Hong Kong.  ADAM Audio has offices in Berlin, Nashville and Dongguan, China.  Martin Audio is also based in High Wycombe with a subsidiary in the USA.

Focusrite plc is traded on the AIM market, London Stock Exchange.

 

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