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22 Nov 2016 18:15
Focusrite Plc ("the Company")
Directors' Dealings
Focusrite Plc (AIM:TUNE), the global music and audio products company, was notified today that Dave Froker, retiring CEO of the Company, sold 150,000 Ordinary Shares of 0.1p pence each ("Ordinary Shares") in the Company at a price of 175 pence per Ordinary Share (the "Sale"). Following the Sale, Mr Froker holds 1,052,000 Ordinary Shares, representing 1.81% of the total voting rights of the Company being 58,075,000 ordinary shares.
As previously announced Mr Froker will be stepping down from his position as CEO at the end of December 2016.
22 November 2016
- ends -
1
| Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Names | David Froker - Chief Executive Officer |
2
| Reason for the notification | |
a)
| Position/status
| Classified as PDMR of the Company |
b)
| Initial notification /Amendment
| Initial Notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Focusrite Plc |
b)
| LEI | None |
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 instrument, type of instrument
| Ordinary shares of 0.1 pence each |
b) | Identification code
| GB00BSBMW716 |
c)
| Nature of the transaction
| On market sale |
d)
| Price(s) and volume(s) | Price - 175p Volume - 150,000 shares |
d)
| Aggregated information - Aggregated volume - Price | n/a
|
e)
| Date of the transaction | 22 November 2016 |
f)
| Place of the transaction | XLON |
Enquiries:
Focusrite Plc: | |
Phil Dudderidge (Chairman) | +44 1494 836301 |
Dave Froker (CEO) | +44 1494 836301 |
Jeremy Wilson (CFO) | +44 1494 836301 |
Panmure Gordon | |
Freddy Crossley | +44 20 7886 2968 |
Tom Salvesen | +44 20 7886 2904 |
Belvedere Communications | |
John West | +44 20 3567 0510 |
Kim Van Beeck | +44 20 3567 0510 |
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