TIDMTUNE
RNS Number : 6527K
Focusrite PLC
22 December 2022
Focusrite plc
("the Company" or "the Group")
Directors' Dealings
Grant of Share Options to PDMRs
Focusrite plc (AIM:TUNE), the global music and audio products
company, announces that on 20 December 2022 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 45,238
--------------------
Sally McKone 32,143
--------------------
Damian Hawley 11,012
--------------------
Tim Dingley 11,011
--------------------
Simon Holt 9,523
--------------------
Greg Westall 9,904
--------------------
Christian Hellinger 9,849
--------------------
Dom Harter 9,952
--------------------
David Gibbons 12,990
--------------------
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 Company's adjusted, earnings
per share for the over the period from 1 September 2022 to 31
August 2025. Fuller details of the performance condition shall be
set out in the Company's Directors' Remuneration Report for the
year ending 31 August 2023.
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) N a me Tim Carroll
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position / st a tus 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 fina Ordinary Shares of 0.1p each in Focusrite
n cial instrume nt , plc
type of ins t rument
--------------------------- ------------------------------------------
Identification code GB00BSBMW716
--------------------------- ------------------------------------------
b) Nature of t h e transact Grant of a nominal cost option under
i o n the Focusrite plc Performance Share
Plan.
--------------------------- ------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
Nil 45,238
------------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 20 December 2022
--------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) N a me Sally McKone
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position / st a tus 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 fina Ordinary Shares of 0.1p each in Focusrite
n cial instrume nt , plc
type of ins t rument
--------------------------- ------------------------------------------
Identification code GB00BSBMW716
--------------------------- ------------------------------------------
b) Nature of t h e transact Grant of a nominal cost option under
i o n the Focusrite plc Performance Share
Plan.
--------------------------- ------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
Nil 32,143
------------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 20 December 2022
--------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
-----------------------------------------------------------------------
a) N a me Damian Hawley
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position / st a tus 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) 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 fina Ordinary Shares of 0.1p each in Focusrite
n cial instrume nt , plc
type of ins t rument
--------------------------- ------------------------------------------
Identification code GB00BSBMW716
--------------------------- ------------------------------------------
b) Nature of t h e transact Grant of a nominal cost option under
i o n the Focusrite plc Performance Share
Plan.
--------------------------- ------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
Nil 11,012
------------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 20 December 2022
--------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
-----------------------------------------------------------------------
a) N a me Tim Dingley
--------------------------- ------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position / st a tus 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) 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 fina Ordinary Shares of 0.1p each in Focusrite
n cial instrume nt , plc
type of ins t rument
--------------------------- ------------------------------------------
Identification code GB00BSBMW716
--------------------------- ------------------------------------------
b) Nature of t h e transact Grant of a nominal cost option under
i o n the Focusrite plc Performance Share
Plan.
--------------------------- ------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
Nil 11,011
------------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 20 December 2022
--------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) N a me Simon Holt
------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position / st a tus 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 fina Ordinary Shares of 0.1p each in Focusrite
n cial instrume nt , plc
type of ins t rument
------------------------- ------------------------------------------
Identification code GB00BSBMW716
------------------------- ------------------------------------------
b) Nature of t h e transact Grant of a nominal cost option under
i o n the Focusrite plc Performance Share
Plan.
------------------------- ------------------------------------------
c) Price(s) a n d vo l Price(s) Vo l umes
ume(s) Nil 9,523
-----------
------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
------------------------- ------------------------------------------
e) Date of the transaction 20 December 2022
------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------- ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) N a me Greg Westall
------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position / st a tus Director of Product
------------------------- ------------------------------------------
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 fina Ordinary Shares of 0.1p each in Focusrite
n cial instrume nt , plc
type of ins t rument
------------------------- ------------------------------------------
Identification code GB00BSBMW716
------------------------- ------------------------------------------
b) Nature of t h e transact Grant of a nominal cost option under
i o n the Focusrite plc Performance Share
Plan.
------------------------- ------------------------------------------
c) Price(s) a n d vo l Price(s) Vo l umes
ume(s) Nil 9,904
-----------
------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
------------------------- ------------------------------------------
e) Date of the transaction 20 December 2022
------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------- ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) N a me Christian Hellinger
------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position / st a tus ADAM Audio CEO
------------------------- ------------------------------------------
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 fina Ordinary Shares of 0.1p each in Focusrite
n cial instrume nt , plc
type of ins t rument
------------------------- ------------------------------------------
Identification code GB00BSBMW716
------------------------- ------------------------------------------
b) Nature of t h e transact Grant of a nominal cost option under
i o n the Focusrite plc Performance Share
Plan.
------------------------- ------------------------------------------
c) Price(s) a n d vo l Price(s) Vo l umes
ume(s) Nil 9,849
-----------
------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
------------------------- ------------------------------------------
e) Date of the transaction 20 December 2022
------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------- ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) N a me Dom Harter
------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position / st a tus Martin Audio Managing 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 fina Ordinary Shares of 0.1p each in Focusrite
n cial instrume nt , plc
type of ins t rument
------------------------- ------------------------------------------
Identification code GB00BSBMW716
------------------------- ------------------------------------------
b) Nature of t h e transact Grant of a nominal cost option under
i o n the Focusrite plc Performance Share
Plan.
------------------------- ------------------------------------------
c) Price(s) a n d vo l Price(s) Vo l umes
ume(s) Nil 9,952
-----------
------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
------------------------- ------------------------------------------
e) Date of the transaction 20 December 2022
------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------- ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) N a me David Gibbons
------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position / st a tus Sequential 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) 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 fina Ordinary Shares of 0.1p each in Focusrite
n cial instrume nt , plc
type of ins t rument
------------------------- ------------------------------------------
Identification code GB00BSBMW716
------------------------- ------------------------------------------
b) Nature of t h e transact Grant of a nominal cost option under
i o n the Focusrite plc Performance Share
Plan.
------------------------- ------------------------------------------
c) Price(s) a n d vo l Price(s) Vo l umes
ume(s) Nil 12,990
------------
------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
------------------------- ------------------------------------------
e) Date of the transaction 20 December 2022
------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------- ------------------------------------------
-ends-
Enquiries:
Focusrite plc
Tim Carroll (CEO) +44 1494 462246
Sally McKone (CFO) +44 1494 462246
Investec Bank plc (Nominated Adviser and
Joint Broker) +44 (0) 20 7597 5970
David Flin / William Brinkley / Charlotte
Young
Peel Hunt LLP (Joint Broker) +44 (0) 20 7418 8900
Paul Gillam / Michael Burke / James Smith
Belvedere Communications (Financial PR) +44 (0)20 3008 6864
John West / Llew Angus
Notes to Editors
Focusrite plc is a global audio products group that develops and
markets proprietary hardware and software products. Used by audio
professionals and musicians, its solutions facilitate the
high-quality production of recorded and live sound. The Group
trades under eleven established brands: Focusrite, Focusrite Pro,
Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio, Linea
Research, Sequential, Oberheim and Sonnox.
With a high-quality reputation and a rich heritage spanning
decades, its brands are category leaders in the music-making and
audio recording industries. Focusrite and Focusrite Pro design and
manufacture audio interfaces and other products for recording
musicians, producers and professional audio facilities. Novation
and Ampify products are used in the creation of electronic music,
from synthesisers and grooveboxes to industry-shaping controllers
and inspirational music-making apps. ADAM Audio studio monitors
have earned a worldwide reputation based on technological
innovation in the field of studio loudspeaker technology. Martin
Audio designs and manufactures performance-ready systems across the
spectrum of sound reinforcement applications. Linea Research
designs, develops, manufactures and sells market innovative
professional audio equipment globally. Sequential designs and
manufactures high end analogue synthesizers under the Sequential
and Oberheim brands. Sonnox is a leading designer of innovative,
high quality, award-winning audio processing software plug-ins for
professional audio engineers.
The Group has offices in four continents and a global customer
base with a distribution network covering approximately 240
territories.
Focusrite plc is traded on the AIM market of the London Stock
Exchange.
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END
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