Focusrite PLC Settlement of Share Options (7383Y)
January 03 2020 - 9:36AM
UK Regulatory
TIDMTUNE
RNS Number : 7383Y
Focusrite PLC
03 January 2020
Focusrite plc
("the Company" or "the Group")
PDMR
Dealings
Settlement 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 31 December Damian Hawley and Giles Orford each
being a Person Discharging Managerial Responsibilities ("PDMRs"),
exercised nominal cost options granted to them under the Company's
Performance Share Plan and acquired ordinary shares of 0.1p each in
the Company.
The options were granted on 24 November 2016 and became vested
and exercisable as from 23 December 2019.
Exercised awards were settled in cash to the extent needed to
cover each PDMR's liability to income tax and employee national
insurance arising on the exercise of their award. The shares
acquired by the PDMRs represent the balance of their award.
Immediately following exercise, Damian Hawley transferred the
full number of shares he acquired in connection with exercise to
his spouse (his spouse being a person closely associated with the
PDMR) for nil consideration.
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 Damian Hawley
--------------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Revenue 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
--------------------------------- ------------------------------------------
4A 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
GBP11.54 11,533
(of which,
5,421 were
settled in
cash in lieu
of shares,
and 6,112 were
settled in
shares)
--------------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------------- ------------------------------------------
e) Date of the transaction 31 December 2019
--------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- ------------------------------------------
4B 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 Transfer of shares to Lisa Hawley
(spouse) for nil consideration
--------------------------------- ------------------------------------------
c) Price(s) and volume(s) Price(s) Volumes
Nil 6,112
--------
--------------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------------- ------------------------------------------
e) Date of the transaction 31 December 2019
--------------------------------- ------------------------------------------
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) LEI 213800JJ51KA4LOTF736
--------------------------------- ------------------------------------------
4A 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
GBP8.87 8,867
(of which,
4,168 were
settled in
cash in lieu
of shares,
and 4,699 were
settled in
shares)
--------------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------------- ------------------------------------------
e) Date of the transaction 31 December 2019
--------------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- ------------------------------------------
4B 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
-----------------------------------------------------------------------------
-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 2756
John West
Llew Angus
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END
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