Directors' Dealings

RNS Number : 9295F

Focusrite PLC

19 November 2020

 

Focusrite plc

("the Company" or "the Group")

Directors' Dealings

Grant of Share Options to PDMR

Focusrite plc (AIM:TUNE), the global music and audio products company,   announces that on 18 November 2020 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	31,190
Damian Hawley	8,262
Tim Dingley	7,715
Greg Westall	8,347
Simon Holt	6,705
Christian Hellinger	8,172
Dom Harter	7,968

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 compound annual growth in the Company's adjusted earnings per share over the period from 1 September 2020 to 31 August 2023. Fuller details of the performance condition shall be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2021.

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 /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)	Descriptionof the fina n cial instrume nt ,  type  of ins t rument	Ordinary Shares of 0.1p each in Focusrite plc
	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 31,190
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	18 November 2020
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)	Descriptionof the fina n cial instrume nt ,  type  of ins t rument	Ordinary Shares of 0.1p each in Focusrite plc
	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 8,262
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	18 November 2020
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	Chief Operating 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)	Descriptionof the fina n cial instrume nt ,  type  of ins t rument	Ordinary Shares of 0.1p each in Focusrite plc
	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 7,715
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	18 November 2020
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	Greg Westall
2	Reason for the notification
a)	Position / st a tus	Director of Product
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)	Descriptionof the fina n cial instrume nt ,  type  of ins t rument	Ordinary Shares of 0.1p each in Focusrite plc
	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 8,347
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	18 November 2020
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 /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)	Descriptionof the fina n cial instrume nt ,  type  of ins t rument	Ordinary Shares of 0.1p each in Focusrite plc
	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 6,705
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	18 November 2020
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)	Descriptionof the fina n cial instrume nt ,  type  of ins t rument	Ordinary Shares of 0.1p each in Focusrite plc
	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 8,172
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	18 November 2020
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)	Descriptionof the fina n cial instrume nt ,  type  of ins t rument	Ordinary Shares of 0.1p each in Focusrite plc
	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 7,968
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	18 November 2020
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 / Alina Vaskina

Erik Anderson

Belvedere Communications     [phone]

John West 

Llew Angus 

 

END

 

 

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