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23 Nov 2017 10:21
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 22 November 2017 it issued 126,240 options under the Company's Performance Share Plan to Tim Carroll, CEO of the Company and Jeremy Wilson, CFO of the Company as listed below. The awards have a vesting date of 22 November 2020.
Director | Options granted |
Tim Carroll | 70,176 |
Jeremy Wilson | 56,064 |
The performance measurement period is from 1 September 2017 to 31 August 2020 and the awards will vest subject to the rules of the Focusrite Plc Performance Share Plan and the Remuneration Committee's determination of the extent to which the performance conditions applicable to the award have been satisfied. Full details of these performance conditions are set out in the Company's Directors' Remuneration Report for the year ending 31 August 2017. Vested awards are exercisable until the tenth anniversary of the grant date, subject to the individual's ongoing employment.
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 | 1. Tim Carroll 3. Jeremy Wilson | ||||
2 | Reason for the notification | |||||
a) | Position/status | Directors 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 | 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 | Option over Ordinary Shares of 0.1p each | ||||
Identification code | GB00BSBMW716 | |||||
b) | Nature of the transaction | Grant of options pursuant to the Focusrite Plc Performance Share Plan | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Weighted average exercise price: 0.1p per share Aggregated volume: 126,240 | ||||
e) | Date of the transaction | 22 November 2017 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
-ends-
Enquiries:
Focusrite Plc: |
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Phil Dudderidge (Executive Chairman) | +44 1494 462246 |
Jeremy Wilson (CFO) | +44 1494 462246 |
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Panmure Gordon |
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Freddy Crossley | +44 20 7886 2968 |
Tom Salvesen | +44 20 7886 2904 |
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Belvedere Communications |
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John West | +44 20 3567 0510 |
Kim van Beeck | +44 20 3567 0510 |
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