Director Share Dealings

RNS Number : 0234T

Focusrite PLC

19 November 2021

 

Focusrite plc

("the Company" or "the Group")

Focusrite plc FY21 Discretionary Directors Bonus (FY21 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 16 November 2021  it awarded ordinary shares of 0.1p each in the capital of the Company ("Shares") to Tim Carroll, CEO of the Company and Sally McKone, CFO of the Company (each Persons Discharging Managerial Responsibilities ("PDMRs")), as listed below.

Director	No. of Shares awarded
Tim Carroll	4,740
Sally McKone	1,859

The Shares were awarded to the PDMR as part of the Company's annual bonus arrangements for the 2021 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.

Neither PDMR may ordinarily sell, transfer, assign or dispose of the Shares for a period of two years.

Following the award Mr. Carroll's beneficial holding is 51,328 Ordinary Shares in the Company representing 0.08% of the total number of shares in the Company and Ms McKone's beneficial holding is 5,189  Ordinary Shares in the Company representing 0.008% of the total number of shares in the Company.

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)	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	Acquisition of shares pursuant to Focusrite plc's annual bonus arrangements for the 2021 financial year
c)	Price(s) a n d  vo l ume(s)	Prices per share Vo l umes Acquired Nil 8,944
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	16 November 2021
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	Sally McKone
2	Reason for the notification
a)	Position / st a tus	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)	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	Acquisition of shares pursuant to Focusrite plc's annual bonus arrangements for the 2021 financial year
c)	Price(s) a n d  vo l ume(s)	Prices per share Vo l umes Acquired Nil 3,506
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	16 November 2021
f)	Place of the transaction	Outside a trading venue

-ends-

Enquiries:

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]

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 audio products group that develops and markets proprietary hardware and software products. Used by audio professionals and musicians, its solutions facilitate the high-quality production of recorded and live sound. The Focusrite Group trades under eight established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio and Sequential.

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. Sequential designs and manufactures high end analogue synthesizers.

The Focusrite Group has offices in four continents and a global customer base with a distribution network covering approximately 160 territories.

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

 

END

 

 

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