Focusrite PLC Settlement of Share Options (1848B)
January 28 2020 - 7:28AM
UK Regulatory
TIDMTUNE
RNS Number : 1848B
Focusrite PLC
28 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 21 January 2020 Tim Dingley, a Person Discharging
Managerial Responsibilities ("PDMR"), exercised a nominal cost
option granted to him under the Company's Performance Share Plan
and acquired ordinary shares of 0.1p each in the Company.
The option was granted on 24 November 2016 and became vested and
exercisable as from 23 December 2019.
The exercise option was settled in cash to the extent needed to
cover liability to income tax and employee national insurance
arising on the exercise of the award. The shares acquired represent
the balance of the award.
Immediately following exercise, Tim Dingley transferred the full
number of shares he acquired in connection with exercise to his
spouse (his spouse being a person closely associated with Tim as
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 Tim Dingley
--------------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status Chief Operating 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 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
GBP10.23 10,229
(of which,
4,808 were
settled in
cash in lieu
of shares,
and 5,421 were
settled in
shares)
--------------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------------- ------------------------------------------
e) Date of the transaction 21 January 2020
--------------------------------- ------------------------------------------
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 Janice Dingley
(spouse) for nil consideration
--------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volumes
Nil 5,421
--------
--------------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------------- --------------------------------------------
e) Date of the transaction 21 January 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 2756
John West
Llew Angus
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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