Focusrite plc
("Focusrite", the "Company" or "Group")
Share issuance to Employee Benefit Trust
Focusrite plc (AIM: TUNE), the global music and audio products company supplying hardware and software used by professional and amateur musicians and the entertainment industry, gives the following update on a share issuance of new ordinary shares ("New Ordinary Shares") of 0.1 pence each directly to the Company's Employee Benefit Trust ("EBT").
The Company intends to issue 550,000 New Ordinary Shares at their par value to the EBT. The New Ordinary Shares are intended to be used by the EBT to satisfy employee options vesting in future years.
Accordingly, the Company will allot 550,000 New Ordinary Shares to the EBT and such shares will rank pari passu in all respects with the existing ordinary shares of the Company. An application has been made for 550,000 New Ordinary Shares of 0.1 pence each in the capital of the Company to be allotted and admitted to trading on AIM on or around 9 December 2022 ("Admission").
Following Admission, the Company's issued share capital will comprise 59,211,639 Ordinary Shares, of which 812,042 Ordinary Shares will be held by the EBT. The Company does not hold any shares in treasury.
- Ends-
Enquiries:
For further information contact:
| Focusrite plc | +44 (0) 149 446 2246 |
| Tim Carroll, Chief Executive Officer | |
| Sally McKone, Chief Financial Officer | |
| | |
| Investec Bank plc (Nominated Adviser and Joint Broker) | +44 (0) 20 7597 5970 |
| David Flin | |
| William Brinkley | |
| Charlotte Young | |
| | |
| Peel Hunt LLP (Joint Broker) | +44 (0) 20 3597 8514 |
| Paul Gillam | |
| Michael Burke | |
| James Smith | |
| | |
| Belvedere Communications | +44 (0) 20 3008 6864 |
| John West | |
| Llew Angus | |
Notes to Editors
Focusrite plc is a global audio products group that develops and markets proprietary hardware and software products. Used by audio professionals and musicians, its solutions facilitate the high-quality production of recorded and live sound. The Focusrite Group trades under nine established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio, Sequential and Linea.
With a high-quality reputation and a rich heritage spanning decades, its brands are category leaders in the music-making and audio recording industries. Focusrite and Focusrite Pro offer audio interfaces and other products for recording musicians, producers and professional audio facilities. Novation and Ampify products are used in the creation of electronic music, from synthesisers and grooveboxes to industry-shaping controllers and inspirational music-making apps. ADAM Audio studio monitors have earned a worldwide reputation based on technological innovation in the field of studio loudspeaker technology. Martin Audio designs and manufactures performance-ready systems across the spectrum of sound reinforcement applications. Sequential designs and manufactures high end analogue synthesizers. Linea Research designs, develops, manufactures and sells market innovative professional audio equipment globally.
The Focusrite Group has offices in four continents and a global customer base with a distribution network covering approximately 240 territories.
Focusrite plc is traded on the AIM market, London Stock Exchange.
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