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Focusrite PLC

Focusrite PLC - Director Share Dealings

RNS Number : 0332Y
Focusrite PLC
24 December 2019
 

Focusrite plc

 

("the Company" or "the Group")

 

Focusrite plc FY19 Discretionary Director Bonus (FY19 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 20 December 2019 it awarded ordinary shares of 0.1p each in the capital of the Company ("Shares") to Tim Carroll, CEO of the Company, and Jeremy Wilson, CFO of the Company (each Persons Discharging Managerial Responsibilities ("PDMRs")), as listed below.

Director

No. of Shares awarded

Tim Carroll

5,898

Jeremy Wilson

7,853

 

The Shares were awarded to each PDMR as part of the Company's annual bonus arrangements for the 2019 financial year. Each PDMR elected to convert a portion of their annual bonus into Shares, and in return received an award of further Shares on a 1:1 basis.

 

Each 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 person closely associated

a)

Name

     Tim Carroll

 

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)

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 2019 financial year

c)

Price(s) and volume(s)

 

Prices per share

Volumes Acquired

Nil

5,898

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

 

e)

Date of the transaction

20 December 2019

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities person closely associated

a)

Name

     Jeremy Wilson

 

2

Reason for the notification

a)

Position/status

 Chief Financial 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)

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 2019 financial year

c)

Price(s) and volume(s)

 

Prices per share

Volumes Acquired

Nil

7,853

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

 

e)

Date of the transaction

20 December 2019

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)

+44 207 886 2500

Freddy Crossley


Erik Anderson




Belvedere Communications

+44 20 3687 2756

John West


Llew Angus


 


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