Focusrite PLC Grant of Share Options to Directors (5303I)
November 26 2018 - 10:36AM
UK Regulatory
TIDMTUNE
RNS Number : 5303I
Focusrite PLC
26 November 2018
Focusrite plc
("the Company" or "the Group")
Directors' Dealings
Grant of Share Options to Directors
Focusrite plc (AIM:TUNE), the global music and audio products
company that trades under the Focusrite and Novation brands,
announces that on 21 November 2018 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 51,722
Jeremy Wilson 41,318
Damian Hawley 17,098
Tim Dingley 15,919
Giles Orford 12,758
Simon Holt 12,971
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 2018 to 31 August 2021. Fuller details of the performance
condition shall be set out in the Company's Directors' Remuneration
Report for the year ending 31 August 2019.
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) Name Tim Carroll
--------------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------- ------------------------------------------
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) Description of the financial Ordinary Shares of 0.1p each in Focusrite
instrument, type of instrument plc
--------------------------------- ------------------------------------------
Identification code GB00BSBMW716
--------------------------------- ------------------------------------------
b) Nature of the transaction Grant of a nominal cost option under
the Focusrite plc Performance Share
Plan.
--------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volumes
Nil 51,722
------------
--------------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------------- ------------------------------------------
e) Date of the transaction 21 November 2018
--------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) Name Jeremy Wilson
--------------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Financial Officer
--------------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------- ------------------------------------------
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) Description of the financial Ordinary Shares of 0.1p each in Focusrite
instrument, type of instrument plc
--------------------------------- ------------------------------------------
Identification code GB00BSBMW716
--------------------------------- ------------------------------------------
b) Nature of the transaction Grant of a nominal cost option under
the Focusrite plc Performance Share
Plan.
--------------------------------- ------------------------------------------
c) Price(s) and volume(s) Exercise Prices Volumes
per share
Nil 41,318
------------
--------------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------------- ------------------------------------------
e) Date of the transaction 21 November 2018
--------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) Name Damian Hawley
------------------------------ ------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Director of Global Marketing and Sales
------------------------------ ------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------ ------------------------------------------
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) Description of the financial Ordinary Shares of 0.1p each in Focusrite
instrument, type of plc
instrument
------------------------------ ------------------------------------------
Identification code GB00BSBMW716
------------------------------ ------------------------------------------
b) Nature of the transaction Grant of a nominal cost option under
the Focusrite plc Performance Share
Plan.
------------------------------ ------------------------------------------
c) Price(s) and volume(s) Price(s) Volumes
Nil 17,098
------------
------------------------------ ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
------------------------------ ------------------------------------------
e) Date of the transaction 21 November 2018
------------------------------ ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
--------------------------------------------------------------------------
a) Name Tim Dingley
------------------------------ ------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Operations Director
------------------------------ ------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------ ------------------------------------------
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) Description of the financial Ordinary Shares of 0.1p each in Focusrite
instrument, type of plc
instrument
------------------------------ ------------------------------------------
Identification code GB00BSBMW716
------------------------------ ------------------------------------------
b) Nature of the transaction Grant of a nominal cost option under
the Focusrite plc Performance Share
Plan.
------------------------------ ------------------------------------------
c) Price(s) and volume(s) Price(s) Volumes
Nil 15,919
------------
------------------------------ ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
------------------------------ ------------------------------------------
e) Date of the transaction 21 November 2018
------------------------------ ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) Name Giles Orford
------------------------------ ------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Brand Director
------------------------------ ------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------ ------------------------------------------
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) Description of the financial Ordinary Shares of 0.1p each in Focusrite
instrument, type of plc
instrument
------------------------------ ------------------------------------------
Identification code GB00BSBMW716
------------------------------ ------------------------------------------
b) Nature of the transaction Grant of a nominal cost option under
the Focusrite plc Performance Share
Plan.
------------------------------ ------------------------------------------
c) Price(s) and volume(s) Price(s) Volumes
Nil 12,758
------------
------------------------------ ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
------------------------------ ------------------------------------------
e) Date of the transaction 21 November 2018
------------------------------ ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) Name Simon Holt
------------------------------ ------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Engineering Director
------------------------------ ------------------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------ ------------------------------------------
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) Description of the financial Ordinary Shares of 0.1p each in Focusrite
instrument, type of plc
instrument
------------------------------ ------------------------------------------
Identification code GB00BSBMW716
------------------------------ ------------------------------------------
b) Nature of the transaction Grant of a nominal cost option under
the Focusrite plc Performance Share
Plan.
------------------------------ ------------------------------------------
c) Price(s) and volume(s) Price(s) Volumes
Nil 12,971
------------
------------------------------ ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
------------------------------ ------------------------------------------
e) Date of the transaction 21 November 2018
------------------------------ ------------------------------------------
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
Freddy Crossley +44 20 7886 2500
Erik Anderson +44 20 7886 2500
Belvedere Communications
John West +44 20 3567 0510
Kim Van Beeck +44 20 3567 0510
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END
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