18 Nov 2020 13:57
Focusrite plc
("the Company" or "the Group")
Focusrite plc FY20 Discretionary Director Bonus (FY20 Bonus)
Director Share Dealings
Focusrite plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that on 17 November 2020 it awarded ordinary shares of 0.1p each in the capital of the Company ("Shares") to Tim Carroll, CEO of the Company (a Person Discharging Managerial Responsibilities ("PDMR")), as listed below.
Director | No. of Shares awarded |
Tim Carroll | 6,482 |
The Shares were awarded to the PDMR as part of the Company's annual bonus arrangements for the 2020 financial year. The PDMR elected to convert a portion of his annual bonus into Shares, and in return received an award of further Shares on a 1:1 basis.
The PDMR may not ordinarily sell, transfer, assign or dispose of the Shares for a period of two years.
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
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2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Office | ||||
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) | Legal Entity Identifier | 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 | Acquisition of shares pursuant to Focusrite plc's annual bonus arrangements for the 2020 financial year | ||||
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 | 17 November 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
-ends-
Enquiries:
Focusrite plc: |
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Tim Carroll (CEO) | +44 1494 462246 |
Jeremy Wilson (CFO) | +44 1494 462246 |
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Panmure Gordon (Nominated Adviser and Broker) |
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Freddy Crossley | +44 207 886 2500 |
Erik Anderson |
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Belvedere Communications | +44 20 3687 2754 |
John West |
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Llew Angus |
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Focusrite (TUNE)