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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 |
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
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(END) Dow Jones Newswires
November 23, 2018 07:29 ET (12:29 GMT)
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