RNS Number : 6527K
Focusrite PLC
22 December 2022
 

Focusrite plc

 

("the Company" or "the Group")

 

Directors' Dealings

Grant of Share Options to PDMRs

 

Focusrite plc (AIM:TUNE), the global music and audio products company, announces that on 20 December 2022 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

45,238

Sally McKone

32,143

Damian Hawley

11,012

Tim Dingley

11,011

Simon Holt

9,523

Greg Westall

9,904

Christian Hellinger

9,849

Dom Harter

9,952

David Gibbons

12,990

 

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 Company's adjusted, earnings per share for the over the period from 1 September 2022 to 31 August 2025. Fuller details of the performance condition shall be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2023.

 

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

45,238

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

20 December 2022

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities I person closely associated

a)

Name

 Sally McKone

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)

 

Price(s)

Volumes

Nil

32,143

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

20 December 2022

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

11,012

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

20 December 2022

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

11,011

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

20 December 2022

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

9,523

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

20 December 2022

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities person closely associated

a)

Name

 Greg Westall

2

Reason for the notification

a)

Position/status

 Director of Product

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

9,904

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

20 December 2022

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities person closely associated

a)

Name

 Christian Hellinger

2

Reason for the notification

a)

Position/status

 ADAM Audio CEO

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

9,849

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

20 December 2022

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities person closely associated

a)

Name

 Dom Harter

2

Reason for the notification

a)

Position/status

 Martin Audio Managing 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

9,952

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

20 December 2022

f)

Place of the transaction

Outside a trading venue

 

1

Details of the persons discharging managerial responsibilities person closely associated

a)

Name

 David Gibbons

2

Reason for the notification

a)

Position/status

 Sequential 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)

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

12,990

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

20 December 2022

f)

Place of the transaction

Outside a trading venue

 

-ends-

 

Enquiries:

Focusrite plc


Tim Carroll (CEO)

+44 1494 462246

Sally McKone (CFO)

+44 1494 462246

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 7418 8900

Paul Gillam / Michael Burke / James Smith


Belvedere Communications (Financial PR)

 +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 Group trades under eleven established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio, Linea Research, Sequential, Oberheim and Sonnox.

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 design and manufacture 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. Linea Research designs, develops, manufactures and sells market innovative professional audio equipment globally. Sequential designs and manufactures high end analogue synthesizers under the Sequential and Oberheim brands.  Sonnox is a leading designer of innovative, high quality, award-winning audio processing software plug-ins for professional audio engineers.

The 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 of the London Stock Exchange.

 

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFLFSLFRLFFIF