Director's Dealings

RNS Number : 5563Z

Focusrite PLC

15 December 2017

 

Focusrite Plc

("Focusrite" or "the Company")

Director's Dealings

Exercise of Share Options

Focusrite Plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, received notification that Jeremy Wilson, Chief Financial Officer of the Company, pursuant to the Focusrite Audio Engineering Limited EMI Plan 2014, has exercised the option to acquire 91,295 Ordinary Shares of 0.1 pence each ("Ordinary Shares") in the Company. These options were exercised at a price of £0.146 each resulting in Focusrite receiving £13,329.07. The options will be satisfied from the Ordinary Shares held by the Focusrite Audio Engineering Limited Employee Benefit Trust.

Following the options exercise, Mr. Wilson will have a beneficial interest of 137,266 Ordinary Shares representing 0.24% of the Group's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Jeremy Wilson
2	Reason for the notification
a)	Position/status	Chief Financial Officer, Director of the Company
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 of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Options over Ordinary shares of 0.1 pence each
b)	Identification code	GB00BSBMW716
c)	Nature of the transaction	Options exercise
d)	Price(s) and volume(s)	Exercise Price - £0.146 Volume - 91,295 Ordinary Shares
d)	Aggregated information  - Aggregated volume - Price	NA
e)	Date of the transaction	15 December 2017
f)	Place of the transaction	NA

-ends-

Enquiries:

Focusrite Plc:
Tim Carroll (CEO)	[phone]
Jeremy Wilson (CFO)	[phone]
Panmure Gordon
Freddy Crossley / Alina Vaskina	[phone]
Tom Salvesen	[phone]
Belvedere Communications
John West	[phone]
Kim Van Beeck	[phone]

 

END

 

 

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