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Focusrite PLC - Grant of Share Options to Directors

RNS Number : 7391Y
Focusrite PLC
03 January 2020
 

Focusrite plc

 

("the Company" or "the Group")

 

Directors' Dealings

Grant of Share Options to Directors

 

Focusrite plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that on 23 December 2019 it granted nominal cost options over ordinary shares of 0.1p each in the capital of the Company under the Company's Performance Share Plan to certain 'persons discharging managerial responsibilities' of the Company ("PDMRs") as listed below.  

 

PDMR

No. of shares under option

Tim Carroll

47,263

Jeremy Wilson

35,655

Damian Hawley

12,520

Tim Dingley

11,691

Giles Orford

9,151

Simon Holt

9,394

 

The options will ordinarily vest on the third anniversary of the grant date, subject to the Remuneration Committee's determination of the extent to which the performance condition applicable to the award has been satisfied and to the individual's ongoing employment with the Company's group.

 

The performance condition measures compound annual growth in the Company's adjusted earnings per share over the period from 1 September 2019 to 31 August 2022. Fuller details of the performance condition shall be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2020.

 

Once vested, options shall remain exercisable until the tenth anniversary of the grant date.

 

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 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

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

Grant of a nominal cost option under the Focusrite plc Performance Share Plan.

c)

Price(s) and volume(s)

 

Price(s)

Volumes

Nil

47,263

 

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

23 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)

LEI

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

Grant of a nominal cost option under the Focusrite plc Performance Share Plan.

c)

Price(s) and volume(s)

 

Exercise Prices per share

Volumes

Nil

35,655

 

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

23 December 2019

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities 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)

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

Grant of a nominal cost option under the Focusrite plc
Performance Share Plan.

c)

Price(s) and volume(s)

 

Price(s)

Volumes

Nil

12,520

 

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

23 December 2019

f)

Place of the transaction

Outside a trading venue

1

Details of the persons discharging managerial responsibilities person closely associated

a)

Name

 Tim Dingley

2

Reason for the notification

a)

Position/status

 Chief Operating 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

Grant of a nominal cost option under the Focusrite plc Performance Share Plan.

c)

Price(s) and volume(s)

 

Price(s)

Volumes

Nil

11,691

 

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

23 December 2019

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities person closely associated

a)

Name

 Giles Orford

2

Reason for the notification

a)

Position/status

 Brand 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)

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

Grant of a nominal cost option under the Focusrite plc Performance Share Plan.

c)

Price(s) and volume(s)

 

Price(s)

Volumes

Nil

9,151

 

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

23 December 2019

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities 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)

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

Grant of a nominal cost option under the Focusrite plc Performance Share Plan.

c)

Price(s) and volume(s)

 

Price(s)

Volumes

Nil

9,394

 

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

23 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 20 7886 2500

 

Freddy Crossley / Alina Vaskina

Erik Anderson

 

Belvedere Communications                                                                          +44 20 3687 2756

 

John West          

Llew Angus        

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Focusrite PLC

Price: 690

Market: AIM
Market Cap: £400.97 m
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