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Focusrite PLC (TUNE)

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Thursday 19 November, 2020

Focusrite PLC

Directors' Dealings

RNS Number : 9295F
Focusrite PLC
19 November 2020
 

Focusrite plc

 

("the Company" or "the Group")

 

Directors' Dealings

Grant of Share Options to PDMR

 

Focusrite plc (AIM:TUNE), the global music and audio products company,   announces that on 18 November 2020 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

31,190

Damian Hawley

8,262

Tim Dingley

7,715

Greg Westall

8,347

Simon Holt

6,705

Christian Hellinger

8,172

Dom Harter

7,968

 

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 2020 to 31 August 2023. Fuller details of the performance condition shall be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2021.

 

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  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

31,190

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

Date of the transaction

18 November 2020

Place of the transaction

Outside a trading venue

 

 

1

Details of the persons discharging managerial responsibilities  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

8,262

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

18 November 2020

f)

Place of the transaction

Outside a trading venue


 


1

Details of the persons discharging managerial responsibilities  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

7,715

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

18 November 2020

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities  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

8,347

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

18 November 2020

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities  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

6,705

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

18 November 2020

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities  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

8,172

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

18 November 2020

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities  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

7,968

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

18 November 2020

f)

Place of the transaction

Outside a trading venue

 

-ends-

 

Enquiries:

 

Focusrite plc:  +44 1494 836301

Tim Carroll (CEO) 

Jeremy Wilson (CFO) 

 

Panmure Gordon (Nominated Adviser and Broker)  +44 20 7886 2500

 

Freddy Crossley / Alina Vaskina

Erik Anderson

 

Belvedere Communications     +44 20 3687 2754

John West 

Llew Angus 

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