Last checked at 14 May 2020 07:00
Focusrite plc
("the Company" or "the Group")
Directors' Dealings
Grant of Share Options to Directors
Focusrite plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that on 13 May 2020 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 |
Christian Hellinger | 11,637 |
Dom Harter | 12,315 |
The options will ordinarily vest on 23 December 2022, 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 compound annual growth in the Company's adjusted earnings per share over the period from 1 September 2019 to 31 August 2022. Fuller details of the performance condition will be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2020.
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) | Name | Christian Hellinger | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer, ADAM Audio GmbH | ||||
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 | 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 financial instrument, type of instrument | Ordinary Shares of 0.1p each in Focusrite plc | ||||
Identification code |
GB00BSBMW716 | |||||
b) | Nature of the transaction | Grant of a nominal cost option under the Focusrite plc Performance Share Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 13 May 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the persons discharging managerial responsibilities I person closely associated | |||||
a) | Name | Dominic Harter | ||||
2 | Reason for the notification | |||||
a) | Position/status | Managing Director, Martin Audio | ||||
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 | 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 financial instrument, type of instrument | Ordinary Shares of 0.1p each in Focusrite plc | ||||
Identification code |
GB00BSBMW716 | |||||
b) | Nature of the transaction | Grant of a nominal cost option under the Focusrite plc Performance Share Plan. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 13 May 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 | +44 20 7886 2500 |
(Nominated Adviser and Broker) |
|
Freddy Crossley Erik Anderson |
|
|
|
Belvedere Communications | +44 74 070 23147 |
John West |
|
Llew Angus |
|