Share issuance to EBT

RNS Number : 7357J

Focusrite PLC

24 December 2020

 

Strictly embargoed until 07.00, 24 December 2020

Focusrite plc

( " the Company" or " the Group")

Share issuance to EBT

Focusrite plc (AIM: TUNE), the global music and audio products company supplying hardware and software used by professional and amateur musicians and the entertainment industry, gives the following update on a share issuance of New Ordinary Shares of 0.1 pence each directly to the Company's Employee Benefit Trust ("EBT").

The Company intends to issue 550,000 New Ordinary Shares at their par value to the EBT. The New Ordinary Shares are intended to be used by the EBT to satisfy options vesting in future years.

Accordingly, on 23 December 2020, the Company allotted the New Ordinary Shares to the EBT and such shares will rank pari passu in all respects with the existing ordinary shares of the Company. It is anticipated that the New Ordinary Shares will be admitted to trading on AIM on or around 31 December 2020 ("Admission").

Following Admission, the Company's issued share capital will comprise 58,661,639 Ordinary Shares, of which 734,601 Ordinary Shares will be held by the EBT. The Company does not hold any shares in treasury.

-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 music and audio products group that develops and markets proprietary hardware and software products. Used by recording professionals and musicians alike, its solutions facilitate the high-quality production of recorded and live 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 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 synthesisers 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.

The Focusrite Group has a global customer base with a distribution network covering approximately 160 territories. Both Focusrite and Martin Audio are 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 has a US subsidiary, based in Los Angeles.

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

 

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