For immediate release
Focusrite plc
("Focusrite" or "the Group")
Focusrite announces that:
On 21 March 2024 Timothy Carroll, Group CEO of the Company and a Person Discharging Managerial Responsibilities, has purchased 3,386 Ordinary Shares on market at a price of 295.260p per Ordinary Share. Following this share purchase, Timothy Carroll will hold 100,832 Ordinary Shares in Focusrite representing 0.170% of the total number of shares in the Company;
On 20 March 2024 Dominic Harter, Managing Director of Optimal Audio Group Limited and a Person Discharging Managerial Responsibilities, has purchased 3,048 ordinary shares of 0.1p each in Focusrite ("Ordinary Shares") on market at a price of 290.000p per Ordinary Share. Following this share purchase, Dominic Harter will hold 3,048 Ordinary Shares in Focusrite representing 0.005% of the total number of shares in the Company;
On 21 March 2024 Timothy Dingley, Managing Director of Focusrite Audio Engineering Limited and a Person Discharging Managerial Responsibilities, has purchased 3,725 Ordinary Shares on market at a price of 294.89p per Ordinary Share. Following this share purchase, Timothy Dingley will have a beneficial interest in 250,197 Ordinary Shares in Focusrite representing 0.422% of the total number of shares in the Company; and
On 21 March 2024 Lisa Hawley, a person closely associated with Damian Hawley, Chief Revenue Officer and a Person Discharging Managerial Responsibilities, has purchased 6,655 Ordinary Shares on market at a price of 299.000p per Ordinary Share. Following this share purchase, Damian Hawley will have a beneficial interest in 162,290 Ordinary Shares in Focusrite representing 0.274% of the total number of shares in the Company.
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 I person closely associated | |||||
| a) | Name | Dominic Harter
| ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Managing Director of Optimal Audio Group Limited | ||||
| 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 | Purchase of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 20 March 2024 | ||||
| f) | Place of the transaction | London Stock Exchange's AIM Market | ||||
| 1 | Details of the persons discharging managerial responsibilities I person closely associated | |||||
| a) | Name | Timothy Carroll | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Group 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 | Purchase of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 21 March 2024 | ||||
| f) | Place of the transaction | London Stock Exchange's AIM Market | ||||
| 1 | Details of the persons discharging managerial responsibilities I person closely associated | |||||
| a) | Name | Timothy Dingley | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Managing Director of Focusrite Audio Engineering Limited | ||||
| 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 | Purchase of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 21 March 2024 | ||||
| f) | Place of the transaction | London Stock Exchange's AIM Market | ||||
| 1 | Details of the persons discharging managerial responsibilities I person closely associated | |||||
| a) | Name | Damian Hawley | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Group 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 | Purchase of Ordinary Shares by a person closely associated | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable | ||||
| e) | Date of the transaction | 21 March 2024 | ||||
| f) | Place of the transaction | London Stock Exchange's AIM Market | ||||
| 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 | Purchase of shares by 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 | 21 March 2024 | ||||
| f) | Place of the transaction | London Stock Exchange's AIM Market | ||||
- ends -
| Enquiries: | |
| Focusrite plc | +44 (0) 1494 462246 |
| Tim Carroll (CEO) / Sally McKone (CFO) |
|
| Investec Bank plc (Nominated Adviser and Joint Broker) | +44 (0) 20 7597 5970 |
| David Flin / Edward Knight / William Brinkley |
|
| Peel Hunt LLP (Joint Broker) | +44 (0) 20 7418 8900 |
| Paul Gillam / Adam Telling |
|
| Belvedere Communications (Financial PR) | +44 20 7653 8702 |
| John West / Llewellyn Angus / Lily Pearce |
|
|
| |
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 thirteen established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio, Linea Research Sequential, Oberheim, Sonnox, OutBoard and TiMax.
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 synthesizers 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 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. TiMax specialises in innovative immersive audio and show control technologies. OutBoard manufactures and sells industry standard rigging control products for live events, together with enterprise-level safety test, preparation and quality management for global rental companies and venues.
The Company 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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