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Focusrite PLC (TUNE)

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Wednesday 18 November, 2020

Focusrite PLC

Director Share Dealings

RNS Number : 7674F
Focusrite PLC
18 November 2020
 

Focusrite plc

 

("the Company" or "the Group")

 

Focusrite plc FY20 Discretionary Director Bonus (FY20 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 17 November 2020  it awarded ordinary shares of 0.1p each in the capital of the Company ("Shares") to Tim Carroll, CEO of the Company (a Person Discharging Managerial Responsibilities ("PDMR")), as listed below.

Director

No. of Shares awarded

Tim Carroll

6,482

 

The Shares were awarded to the PDMR as part of the Company's annual bonus arrangements for the 2020 financial year. The PDMR elected to convert a portion of his annual bonus into Shares, and in return received an award of further Shares on a 1:1 basis.

 

The PDMR may not ordinarily sell, transfer, assign or dispose of the Shares for a period of two years.

 

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 Office

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 2020 financial year

c)

Price(s) a n d  vo l ume(s)

 

Prices per share

Vo l umes Acquired

Nil

6,482

 

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

 

e)

Date of the transaction

17 November 2020

f)

Place of the transaction

Outside a trading venue

 

-ends-

 

Enquiries:

 

Focusrite plc:

 

Tim Carroll (CEO)

+44 1494 462246

Jeremy Wilson (CFO)

+44 1494 462246

 

 

Panmure Gordon

(Nominated Adviser and Broker)

 

Freddy Crossley

+44 207 886 2500

Erik Anderson

 

 

 

Belvedere Communications

+44 20 3687 2754

John West

 

Llew Angus

 

 

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