Focusrite PLC Director/PDMR Shareholding (1214Q)

TIDMTUNE

RNS Number : 1214Q

Focusrite PLC

24 November 2016

For immediate release: 24 November 2016

Focusrite Plc

("the Company")

Directors' Dealings

Focusrite Plc (AIM:TUNE), the global music and audio products company, was notified today that Dave Froker, retiring CEO of the Company, sold 1,051,999 Ordinary Shares of 0.1 pence each ("Ordinary Shares") in the Company at a price of 177 pence per Ordinary Share (the "Sale").

Simultaneously, Mr Froker has purchased 619,000 Ordinary Shares via the exercise of Share Options at a price of 10.3 pence per share.

He now holds 619,001 Ordinary Shares, representing 1.066% of the total voting rights of the Company being 58,075,000 ordinary shares.

As previously announced Mr Froker will be stepping down from his position as CEO at the end of December 2016.

 
  1   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------- 
 a)   Names                     David Froker - Chief Executive 
                                 Officer 
---  ------------------------  ----------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status           Classified as PDMRs of the Company 
---  ------------------------  ----------------------------------- 
 b)   Initial notification      Initial Notification 
       /Amendment 
---  ------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------- 
 a)   Name                      Focusrite Plc 
---  ------------------------  ----------------------------------- 
 b)   LEI                       None 
---  ------------------------  ----------------------------------- 
 4    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            Ordinary shares of 0.1pence 
       the financial             each 
       instrument, type 
       of instrument 
---  ------------------------  ----------------------------------- 
 b)   Identification            GB00BSBMW716 
       code 
---  ------------------------  ----------------------------------- 
 c)   Nature of the             On market sale 
       transaction 
---  ------------------------  ----------------------------------- 
 d)   Price(s) and              Price - 177p 
       volume(s)                 Volume - 1,051,999 shares 
---  ------------------------  ----------------------------------- 
 d)   Aggregated information     n/a 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ----------------------------------- 
 e)   Date of the transaction   24 November 2016 
---  ------------------------  ----------------------------------- 
 f)   Place of the              XLON 
       transaction 
---  ------------------------  ----------------------------------- 
 

- ends -

Enquiries:

 
 Focusrite Plc: 
 Phil Dudderidge 
  (Chairman)                 [phone] 
 Dave Froker (CEO)           [phone] 
 Jeremy Wilson (CFO)         [phone] 
 
 Panmure Gordon 
                             [phone] 
 Freddy Crossley              2968 
                             [phone] 
 Tom Salvesen                 2904 
 
 Belvedere Communications 
                             [phone] 
 John West                    0510 
                             [phone] 
 Kim Van Beeck                0510 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 24, 2016 12:09 ET (17:09 GMT)