For immediate release
Focusrite plc
(the "Company" or the "Group")
Notification of PDMR Transactions
Focusrite plc (AIM: TUNE), the global music and audio products company, announces that a person closely associated with a Person Discharging Managerial Responsibilities (PDMR) completed the sale of part of their beneficial interest in the Company on 17 February 2023.
Damian Hawley, Chief Revenue Officer, has sold 7,146 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at 735.00 pence per Ordinary Share and Lisa Hawley, spouse of Damian Hawley, has sold 3,854 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at 735.00 pence per Ordinary Share. Following the transaction, Damian Hawley will retain a beneficial holding of 155,635 Ordinary Shares which represents 0.263% of the current issued share capital.
| 1 | Details of the persons discharging managerial responsibilities I 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) | LEI | 213800JJ51KA4LOTF736 | ||||
| 4A | 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 | Ordinary Shares of 0.1p each in Focusrite plc | ||||
| Identification code | GB00BSBMW716 | |||||
| b) | Nature of the transaction | Sale of 9,057 ordinary shares of 0.1p each in Focusrite plc | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 17 February 2023 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
| 4B | 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 | Ordinary Shares of 0.1p each in Focusrite plc | ||||
| Identification code | GB00BSBMW716 | |||||
| b) | Nature of the transaction | Sale of shares of a person closely associated with a Person Discharging Managerial Responsibilities | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 17 February 2023 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
-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.
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