Director Share Dealings

RNS Number : 0332Y

Focusrite PLC

24 December 2019

 

Focusrite plc

("the Company" or "the Group")

Focusrite plc FY19 Discretionary Director Bonus (FY19 Bonus)

Director Share Dealings

Focusrite plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that on 20 December 2019 it awarded ordinary shares of 0.1p each in the capital of the Company ("Shares") to Tim Carroll, CEO of the Company, and Jeremy Wilson, CFO of the Company (each Persons Discharging Managerial Responsibilities ("PDMRs")), as listed below.

Director	No. of Shares awarded
Tim Carroll	5,898
Jeremy Wilson	7,853

The Shares were awarded to each PDMR as part of the Company's annual bonus arrangements for the 2019 financial year. Each PDMR elected to convert a portion of their annual bonus into Shares, and in return received an award of further Shares on a 1:1 basis.

Each PDMR may not ordinarily sell, transfer, assign or dispose of the Shares for a period of two years.

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)	Name	Tim Carroll
2	Reason for the notification
a)	Position/status	Chief Executive Office
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 financial instrument, type of instrument	Ordinary Shares of 0.1p each in Focusrite plc
	Identification code	GB00BSBMW716
b)	Nature of the transaction	Acquisition of shares pursuant to Focusrite plc's annual bonus arrangements for the 2019 financial year
c)	Price(s) and volume(s)	Prices per share Volumes Acquired Nil 5,898
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	20 December 2019
f)	Place of the transaction	Outside a trading venue

1	Details of the persons discharging managerial responsibilities I person closely associated
a)	Name	Jeremy Wilson
2	Reason for the notification
a)	Position/status	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)	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 financial instrument, type of instrument	Ordinary Shares of 0.1p each in Focusrite plc
	Identification code	GB00BSBMW716
b)	Nature of the transaction	Acquisition of shares pursuant to Focusrite plc's annual bonus arrangements for the 2019 financial year
c)	Price(s) and volume(s)	Prices per share Volumes Acquired Nil 7,853
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	20 December 2019
f)	Place of the transaction	Outside a trading venue

-ends-

Enquiries:

Focusrite plc:	[phone]
Tim Carroll (CEO)
Jeremy Wilson (CFO)
Panmure Gordon (Nominated Adviser and Broker)	[phone]
Freddy Crossley
Erik Anderson
Belvedere Communications	[phone]
John West
Llew Angus

 

END

 

 

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