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Last checked at 
28 Jan 2020 12:28
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 21 January 2020 Tim Dingley, a Person Discharging Managerial Responsibilities ("PDMR"), exercised a nominal cost option granted to him under the Company's Performance Share Plan and acquired ordinary shares of 0.1p each in the Company.
The option was granted on 24 November 2016 and became vested and exercisable as from 23 December 2019.
The exercise option was settled in cash to the extent needed to cover liability to income tax and employee national insurance arising on the exercise of the award. The shares acquired represent the balance of the award.
Immediately following exercise, Tim Dingley transferred the full number of shares he acquired in connection with exercise to his spouse (his spouse being a person closely associated with Tim as PDMR) for nil consideration.
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 |
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a) | Name | Tim Dingley |
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2 | Reason for the notification |
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a) | Position/status | Chief Operating Officer |
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b) | Initial notification /Amendment | Initial notification |
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) | Name | Focusrite plc |
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b) | LEI | 213800JJ51KA4LOTF736 |
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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 |
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a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.1p each in Focusrite plc |
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Identification code | GB00BSBMW716 |
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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 acquired shares, cash in lieu of such shares). |
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c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction |
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e) | Date of the transaction | 21 January 2020 |
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f) | Place of the transaction | Outside a trading venue |
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4B | 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 | Transfer of shares to Janice Dingley (spouse) for nil consideration | |||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | |||||
e) | Date of the transaction | 21 January 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 (Nominated Adviser and Broker) +44 20 7886 2500
Freddy Crossley / Alina Vaskina
Erik Anderson
Belvedere Communications +44 20 3687 2756
John West
Llew Angus
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