Focusrite PLC Director's Dealings (5563Z)

TIDMTUNE

RNS Number : 5563Z

Focusrite PLC

15 December 2017

Focusrite Plc

("Focusrite" or "the Company")

Director's Dealings

Exercise of Share Options

Focusrite Plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, received notification that Jeremy Wilson, Chief Financial Officer of the Company, pursuant to the Focusrite Audio Engineering Limited EMI Plan 2014, has exercised the option to acquire 91,295 Ordinary Shares of 0.1 pence each ("Ordinary Shares") in the Company. These options were exercised at a price of GBP0.146 each resulting in Focusrite receiving GBP13,329.07. The options will be satisfied from the Ordinary Shares held by the Focusrite Audio Engineering Limited Employee Benefit Trust.

Following the options exercise, Mr. Wilson will have a beneficial interest of 137,266 Ordinary Shares representing 0.24% of the Group's issued share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
  1   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------ 
 a)   Names                     Jeremy Wilson 
---  ------------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------ 
 a)   Position/status           Chief Financial Officer, Director 
                                 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                       213800JJ51KA4LOTF736 
---  ------------------------  ---------------------------------- 
 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            Options over Ordinary shares 
       the financial             of 0.1 pence each 
       instrument, type 
       of instrument 
---  ------------------------  ---------------------------------- 
 b)   Identification            GB00BSBMW716 
       code 
---  ------------------------  ---------------------------------- 
 c)   Nature of the              Options exercise 
       transaction 
---  ------------------------  ---------------------------------- 
 d)   Price(s) and              Exercise Price - GBP0.146 
       volume(s)                 Volume - 91,295 Ordinary Shares 
---  ------------------------  ---------------------------------- 
 d)   Aggregated information     NA 
       - Aggregated 
       volume 
       - Price 
---  ------------------------  ---------------------------------- 
 e)   Date of the transaction   15 December 2017 
---  ------------------------  ---------------------------------- 
 f)   Place of the              NA 
       transaction 
---  ------------------------  ---------------------------------- 
 

-ends-

Enquiries:

 
 Focusrite Plc: 
 Tim Carroll (CEO)           [phone] 
 Jeremy Wilson (CFO)         [phone] 
 
 Panmure Gordon 
 Freddy Crossley / Alina 
  Vaskina                    [phone] 
 Tom Salvesen                [phone] 
 
 Belvedere Communications 
 John West                   [phone] 
 Kim Van Beeck               [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 15, 2017 11:02 ET (16:02 GMT)