15 Dec 2017 16:02
Focusrite Plc
("Focusrite" or "the Company")
Director's Dealings
Exercise of Share Options
Focusrite Plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, received notification that Jeremy Wilson, Chief Financial Officer of the Company, pursuant to the Focusrite Audio Engineering Limited EMI Plan 2014, has exercised the option to acquire 91,295 Ordinary Shares of 0.1 pence each ("Ordinary Shares") in the Company. These options were exercised at a price of £0.146 each resulting in Focusrite receiving £13,329.07. The options will be satisfied from the Ordinary Shares held by the Focusrite Audio Engineering Limited Employee Benefit Trust.
Following the options exercise, Mr. Wilson will have a beneficial interest of 137,266 Ordinary Shares representing 0.24% of the Group's issued share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1
| Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Names | Jeremy Wilson |
2
| Reason for the notification | |
a)
| Position/status
| Chief Financial Officer, Director 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 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
| Options over Ordinary shares of 0.1 pence each |
b) | Identification code
| GB00BSBMW716 |
c)
| Nature of the transaction
| Options exercise |
d)
| Price(s) and volume(s) | Exercise Price - £0.146 Volume - 91,295 Ordinary Shares
|
d)
| Aggregated information - Aggregated volume - Price |
NA
|
e)
| Date of the transaction | 15 December 2017 |
f)
| Place of the transaction | NA |
-ends-
Enquiries:
Focusrite Plc: | |
Tim Carroll (CEO) | +44 1494 462246 |
Jeremy Wilson (CFO) | +44 1494 462246 |
Panmure Gordon | |
Freddy Crossley / Alina Vaskina | +44 20 7886 2968 |
Tom Salvesen | +44 20 7886 2904 |
Belvedere Communications | |
John West | +44 20 3567 0510 |
Kim Van Beeck | +44 20 3567 0510 |
Focusrite (TUNE)