Focusrite PLC Exercise of Share Options (3009J)
December 04 2018 - 2:01AM
UK Regulatory
TIDMTUNE
RNS Number : 3009J
Focusrite PLC
04 December 2018
Focusrite plc
("the Company" or "the Group")
PDMR Dealings
Exercise of Share Options
Focusrite plc (AIM:TUNE), the global music and audio products
company that trades under the Focusrite and Novation brands,
announces that on 29 November 2018 Tim Dingley, a Person
Discharging Managerial Responsibilities ("PDMR"), exercised nominal
cost options granted to him under the Company's Performance Share
Plan and acquired ordinary shares of 0.1p each in the Company.
The award was granted on 16 December 2015 and vested on 20
November 2018. The number of shares in respect of which the award
could be exercised was determined by reference to the extent to
which a performance condition measuring growth in the Company's
Adjusted Profit was met.
The exercised award was settled in cash to the extent needed to
cover the PDMR's liability to income tax and employee national
insurance arising on the exercise of their award. The shares
acquired by the PDMR represents the balance of their award.
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 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) LEI
213800JJ51KA4LOTF736
--------------------------------- --------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where 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 Exercise of a nominal cost option under
the Focusrite plc Performance Share Plan
and acquisition of ordinary shares of 0.1p
each in Focusrite plc (or, as to 47% of
the acquired shares, cash in lieu of such
shares).
--------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volumes
GBP19.21 19,208
(of which,
9,028 were
settled in
cash in lieu
of shares,
and 10,180
were settled
in shares)
--------------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------------- --------------------------------------------
e) Date of the transaction 29 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
(Nominated Adviser and Broker)
Freddy Crossley +44 20 7886 2500
Erik Anderson +44 20 7886 2500
Belvedere Communications
John West +44 20 3687 2753
Kim Van Beeck +44 20 3687 2757
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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