PDMR Dealings - amendment

RNS Number : 6301B

Focusrite PLC

03 October 2022

 

For immediate release

An amendment has been made to the RNS announcement number 8706T released on 29 November 2021 at 09:48:53.

The following correction has been made to Tim Dingley's total shareholding in the fourth paragraph. 

The text now reads:

"Following the transaction:

Mr. Dingley will have a beneficial holding of 246,472 Ordinary Shares which represents 0.42% of the current issued share capital."

All other details remain unchanged.  The full amended text is show below.

PDMR Dealings

FOCUSRITE PLC

Released 09:48:53 29 November 2021

RNS Number : 8706T

Focusrite PLC

29 November 2021

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 25 November 2021 Tim Dingley, a Person Discharging Managerial Responsibilities ("PDMRs"), exercised nominal cost options over 15,919 shares granted to him under the Company's Performance Share Plan and acquired ordinary shares of 0.1p each in the Company.

The option was granted on 21 November 2018 and became vested and exercisable as from 22 November 2021.

The exercise of the option was settled in part by the transfer of 8,437 ordinary shares and in part with a cash payment equal to market value of 7,482 ordinary shares to meet the PDMR's liability to income tax and employee national insurance arising on the exercise of the option.

Following the transaction:

Mr. Dingley will have a beneficial holding of 246,472 Ordinary Shares which represents 0.42% 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	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)	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 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	Exercise of a nominal cost option under the Focusrite plc Performance Share Plan and acquisition of ordinary shares of 0.1p each in Focusrite plc (or, as to 47% 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 £ 15.92 15,919 (settled in part by the transfer of 8,437 ordinary shares and in part with a cash payment equal to market value of 7,482 ordinary shares to meet the PDMR's liability to income tax and employee national insurance arising on the exercise of the option over 15,919 shares)
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	25 November 2021
f)	Place of the transaction	Outside a trading venue
4B	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 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	Transfer of shares to Janice Dingley (spouse) for nil consideration
c)	Price(s) a n d  vo l ume(s)	Price(s) Vo l umes Nil 8,437
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	25 November 2021
f)	Place of the transaction	Outside a trading venue

-ends-

Focusrite plc:
Tim Carroll (CEO)	[phone]
Sally McKone (CFO)	[phone]
Investec Bank plc (Nominated Adviser and Joint Broker)	[phone]
David Flin
William Brinkley
Charlotte Young
Peel Hunt LLP (Joint Broker)	[phone]
Edward Knight
Michael Burke
James Smith
Belvedere Communications
John West	[phone]
Llew Angus	[phone]

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