Last checked at 25 Nov 2020 18:02
For immediate release
Focusrite plc
(the "Company" or the "Group")
Notification of PDMR Transactions
Focusrite plc (AIM: TUNE), the global music and audio products company, announces that two Persons Discharging Managerial Responsibilities (PDMR) have today completed sales of beneficial interest in the Company.
Jeremy Wilson, Chief Financial Officer, has sold 105,000 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at 956.4 pence per Ordinary Share in line with his long-term financial planning and previously announced decision to step down from his role in 2021, following an orderly transition to his successor. Following the transaction, Jeremy will retain a holding of 92,892 Ordinary Shares which represents 0.2% of the current issued share capital.
Tim Dingley, Chief Operating Officer, who is not a Board member but is a PDMR of the Company, has sold 75,000 Ordinary Shares beneficially owned at 956.4 pence per share, in line with his long-term financial planning. Following the transaction, Tim will retain a beneficial interest of 234,601 Ordinary Shares which represents 0.4% of the current issued share capital.
- 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 2754
John West
Llew Angus
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
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 Focusrite Group trades under six established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio and Martin Audio.
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 offer 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.
The Focusrite Group has a global customer base with a distribution network covering approximately 160 territories. Focusrite is headquartered in High Wycombe, UK, with marketing offices in Los Angeles and Hong Kong. ADAM Audio has offices in Berlin, Nashville and Dongguan, China. Martin Audio is also based in High Wycombe with a subsidiary in US.
Focusrite plc is traded on the AIM market, London Stock Exchange.
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 person discharging managerial responsibilities/person closely associated | |
a) | Name | Jeremy Wilson |
2 | Reason for the notification | |
a) | Position/status | Chief Financial Officer and Executive Director |
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 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 0.1p each in Focusrite plc |
b) | Identification Code | GB00BSBMW716 |
c) | Nature of the transaction | Sale of Ordinary Shares |
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d) | Price(s) and volume(s) | 105,000 Ordinary Shares 956.4 pence per Ordinary Share |
e) | Aggregated information - Aggregated volume - Price |
N/A (single transaction)
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f) | Date of the transaction | 25 November 2020 |
g) | Place of the transaction | London Stock Exchange, AIM |
1 | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Tim Dingley |
2 | Reason for the notification | |
a) | Position/status | Chief Operating Officer |
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 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 0.1p each in Focusrite plc |
b) | Identification Code | GB00BSBMW716 |
c) | Nature of the transaction | Sale of Ordinary Shares |
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|
d) | Price(s) and volume(s) | 75,000 Ordinary Shares 956.4 pence per Ordinary Share |
e) | Aggregated information - Aggregated volume - Price |
N/A (single transaction)
|
f) | Date of the transaction | 25 November 2020 |
g) | Place of the transaction | London Stock Exchange, AIM |