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Last checked at 
25 Nov 2021 14:37
Focusrite plc
("the Company" or "the Group")
PDMR Dealings
Settlement of Share Options
Focusrite plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that on 23 November 2021 Tim Carroll, Damian Hawley and Simon Holt, each being a Person Discharging Managerial Responsibilities ("PDMRs"), exercised nominal cost options over 81,782 shares granted to them under the Company's Performance Share Plan and acquired ordinary shares of 0.1p each in the Company.
The option was granted on 21 November 2018 and became vested and exercisable as from 22 November 2021.
The exercise of the option was settled in part by the transfer of 43,345 ordinary shares and in part with a cash payment equal to market value of 38,437 ordinary shares to meet the PDMRs' liability to income tax and employee national insurance arising on the exercise of the option.
Following the transaction:
Mr. Carroll will have a beneficial holding of 78,741 Ordinary Shares which represents 0.13% of the current issued share capital.
Mr. Hawley will have a beneficial holding of 177,852 Ordinary Shares which represents 0.30% of the current issued share capital.
Mr. Holt will have a beneficial holding of 144,056 Ordinary Shares which represents 0.25% of the current issued share capital.
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 | Tim Carroll | ||||
2 | Reason for the notification | |||||
a) | Position/status | CEO | ||||
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 | ||||
4A | 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 | ||||
Identification code | GB00BSBMW716 | |||||
b) | Nature of the transaction | Exercise of a nominal cost option under the Focusrite plc Performance Share Plan and acquisition of ordinary shares of 0.1p each in Focusrite plc (or, as to 47% of the vested shares number, cash in lieu of such shares). | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 23 November 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the persons discharging managerial responsibilities I person closely associated | |||||
a) | Name | Damian Hawley | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Revenue 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 | ||||
4A | 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 | ||||
Identification code | GB00BSBMW716 | |||||
b) | Nature of the transaction | Exercise of a nominal cost option under the Focusrite plc Performance Share Plan and acquisition of ordinary shares of 0.1p each in Focusrite plc (or, as to 47% of the vested shares number, cash in lieu of such shares). | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 23 November 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the persons discharging managerial responsibilities I person closely associated | |||||
a) | Name | Simon Holt | ||||
2 | Reason for the notification | |||||
a) | Position/status | Engineering 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 | ||||
4A | 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 | ||||
Identification code | GB00BSBMW716 | |||||
b) | Nature of the transaction | Exercise of a nominal cost option under the Focusrite plc Performance Share Plan and acquisition of ordinary shares of 0.1p each in Focusrite plc (or, as to 47% of the vested shares number, cash in lieu of such shares). | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
e) | Date of the transaction | 23 November 2021 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
-ends-
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 |
Edward Knight | |
Michael Burke | |
James Smith | |
Belvedere Communications | |
John West | +44 20 3687 2753 |
Llew Angus | +44 20 3687 2754 |
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