Grant of Share Options to PDMRs

RNS Number : 0237T

Focusrite PLC

19 November 2021

 

Focusrite plc

("the Company" or "the Group")

Directors' Dealings

Grant of Share Options to PDMRs

Focusrite plc (AIM:TUNE), the global music and audio products company,   announces that on 17 November 2021 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	18,247
Sally McKone	14,311
Damian Hawley	4,923
Tim Dingley	4,923
Simon Holt	4,307
Greg Westall	5,021
Christian Hellinger	4,996
Dom Harter	5,046
David Gibbons	5,396

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 2021 to 31 August 2024. Fuller details of the performance condition shall be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2022.

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 18,247
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	17 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)	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 14,311
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	17 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	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 4,923
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	17 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	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 4,923
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	17 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	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 4,307
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	17 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	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 5,021
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	17 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	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 4,996
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	17 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	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 5,046
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	17 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	David Gibbons
2	Reason for the notification
a)	Position / st a tus	Sequential 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	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 5,396
d)	Aggregated information - Aggregated volume  - Price	Not applicable - single transaction
e)	Date of the transaction	17 November 2021
f)	Place of the transaction	Outside a trading venue

-ends-

Enquiries:

For further information contact:

Focusrite plc	[phone]
Tim Carroll, Chief Executive Officer
Sally McKone, Chief Financial Officer
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	[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 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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