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TUNE Focusrite Plc

332.50
12.50 (3.91%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Focusrite Plc LSE:TUNE London Ordinary Share GB00BSBMW716 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  12.50 3.91% 332.50 325.00 340.00 332.50 320.00 320.00 86,363 15:19:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Musical Instrument Stores 178.47M 17.8M 0.3038 10.94 194.8M

Focusrite PLC Director/PDMR Shareholding (3635I)

23/11/2018 12:29pm

UK Regulatory


Focusrite (LSE:TUNE)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMTUNE

RNS Number : 3635I

Focusrite PLC

23 November 2018

Focusrite plc

("the Company" or "the Group")

PDMR

Dealings

Grant of Share Options

Focusrite plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that on 20 November 2018 Damian Hawley and Giles Orford, each being a Person Discharging Managerial Responsibilities ("PDMRs"), exercised nominal cost options granted to them under the Company's Performance Share Plan and acquired ordinary shares of 0.1p each in the Company.

The options were granted on 16 December 2015 and vested on 20 November 2018. The number of shares in respect of which each award could be exercised was determined by reference to the extent to which a performance condition measuring growth in the Company's Adjusted Profit was met.

Exercised awards were settled in cash to the extent needed to cover each PDMR's liability to income tax and employee national insurance arising on the exercise of their award. The shares acquired by the PDMRs represent the balance of their award.

Immediately following exercise, each PDMR immediately transferred the full number of shares they acquired in connection with exercise to their respective spouses (each spouse being a person closely associated with the relevant PDMR) for nil consideration.

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                               Damian Hawley 
     ---------------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                    Director of Global Marketing and Sales 
     ---------------------------------  ------------------------------------------ 
 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 
     ---------------------------------  ------------------------------------------ 
 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      Ordinary Shares of 0.1p each in Focusrite 
        instrument, type of instrument    plc 
     ---------------------------------  ------------------------------------------ 
     Identification code 
                                           GB00BSBMW716 
     ---------------------------------  ------------------------------------------ 
 b)   Nature of the transaction          Exercise of a nominal cost option 
                                          under the Focusrite plc Performance 
                                          Share Plan and acquisition of ordinary 
                                          shares of 0.1p each in Focusrite plc 
                                          (or, as to 47% of the acquired shares, 
                                          cash in lieu of such shares). 
     ---------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)               Price(s)      Volumes 
                                               GBP21.66   21,657 
                                                           (of which, 
                                                           10,179 were 
                                                           settled in 
                                                           cash in lieu 
                                                           of shares, 
                                                           and 11,478 
                                                           were settled 
                                                           in shares) 
                                                         -------------- 
     ---------------------------------  ------------------------------------------ 
 d)    Aggregated information            Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------------  ------------------------------------------ 
 e)   Date of the transaction            20 November 2018 
     ---------------------------------  ------------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------------ 
 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      Ordinary Shares of 0.1p each in Focusrite 
        instrument, type of instrument    plc 
     ---------------------------------  ------------------------------------------ 
     Identification code 
                                           GB00BSBMW716 
     ---------------------------------  ------------------------------------------ 
 b)   Nature of the transaction          Transfer of shares to Lisa Hawley 
                                          (spouse) for nil consideration 
     ---------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)               Price(s)    Volumes 
                                               Nil      11,478 
                                                       -------- 
     ---------------------------------  ------------------------------------------ 
 d)    Aggregated information            Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------------  ------------------------------------------ 
 e)   Date of the transaction            20 November 2018 
     ---------------------------------  ------------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------------ 
 
 
  1    Details of the persons discharging managerial responsibilities 
        I person closely associated 
 a)   Name                               Giles Orford 
     ---------------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                    Brand Director 
     ---------------------------------  ------------------------------------------ 
 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 
     ---------------------------------  ------------------------------------------ 
 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      Ordinary Shares of 0.1p each in Focusrite 
        instrument, type of instrument    plc 
     ---------------------------------  ------------------------------------------ 
     Identification code 
                                           GB00BSBMW716 
     ---------------------------------  ------------------------------------------ 
 b)   Nature of the transaction          Exercise of a nominal cost option 
                                          under the Focusrite plc Performance 
                                          Share Plan and acquisition of ordinary 
                                          shares of 0.1p each in Focusrite plc 
                                          (or, as to 47% of the acquired shares, 
                                          cash in lieu of such shares). 
     ---------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)               Price(s)      Volumes 
                                               GBP16.65   16,648 
                                                           (of which, 
                                                           7,825 were 
                                                           settled in 
                                                           cash in lieu 
                                                           of shares, 
                                                           and 8,823 were 
                                                           settled in 
                                                           shares) 
                                                         ---------------- 
     ---------------------------------  ------------------------------------------ 
 d)    Aggregated information            Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------------  ------------------------------------------ 
 e)   Date of the transaction            20 November 2018 
     ---------------------------------  ------------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------------ 
 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      Ordinary Shares of 0.1p each in Focusrite 
        instrument, type of instrument    plc 
     ---------------------------------  ------------------------------------------ 
     Identification code                  GB00BSBMW716 
     ---------------------------------  ------------------------------------------ 
 b)   Nature of the transaction          Transfer of shares to Fiona Orford 
                                          (spouse) for nil consideration 
     ---------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)               Price(s)    Volumes 
                                               Nil      8,823 
                                                       -------- 
     ---------------------------------  ------------------------------------------ 
 d)    Aggregated information            Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------------  ------------------------------------------ 
 e)   Date of the transaction            20 November 2018 
     ---------------------------------  ------------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------------ 
 

-ends-

Enquiries:

 
 Focusrite plc: 
 Tim Carroll (CEO)                  +44 1494 462246 
 Jeremy Wilson (CFO)                +44 1494 462246 
 
 Panmure Gordon 
  (Nominated Adviser and Broker) 
 Freddy Crossley                    +44 20 7886 2500 
 Erik Anderson 
 
   Belvedere Communications 
 John West                          +44 20 3567 0510 
 Kim Van Beeck                      +44 20 3567 0510 
 

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.

END

DSHEAAFDAFAPFFF

(END) Dow Jones Newswires

November 23, 2018 07:29 ET (12:29 GMT)

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