Focusrite PLC Directors' Dealings (5304K)

TIDMTUNE

RNS Number : 5304K

Focusrite PLC

14 December 2018

Focusrite plc

("the Company")

Directors' Dealings

Focusrite plc (AIM:TUNE), the global music and audio products company, was notified today that Jeremy Wilson, CFO of the Company (the "PDMR"), acquired 80,345 Ordinary Shares of 0.1 pence each in the Company via the exercise of Enterprise Management Incentive options (the "Option") at a price of 14.6 pence per Ordinary Share.

The Option was granted on 18 September 2014 and vested on 20 November 2018.

Immediately following exercise, the PDMR immediately transferred the full number of shares they acquired in connection with exercise to their 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.

 
       Details of the person discharging managerial responsibilities 
   1    / person closely associated 
 a)    Names                       Jeremy Wilson 
      --------------------------  --------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------- 
 a)    Position/status             Chief Financial Officer 
      --------------------------  --------------------------------------------- 
 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          Ordinary shares of 0.1pence each in 
        financial instrument,       Focusrite plc 
        type of instrument 
      --------------------------  --------------------------------------------- 
 b)    Identification code         GB00BSBMW716 
      --------------------------  --------------------------------------------- 
 c)    Nature of the transaction   Acquisition of shares on exercise of 
                                    an Enterprise Management Incentive option 
      --------------------------  --------------------------------------------- 
 d)    Price(s) and volume(s)       Price(s)             Volumes 
                                        14.6 pence per 
                                         share            80,345 
                                                         -------- 
      --------------------------  --------------------------------------------- 
 d)    Aggregated information       n/a 
        - Aggregated volume 
        - Price 
      --------------------------  --------------------------------------------- 
 e)    Date of the transaction     11 December 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            Ordinary Shares of 0.1pence each in 
         financial instrument,         Focusrite plc 
         type of instrument 
      ----------------------------  ------------------------------------------- 
       Identification code            GB00BSBMW716 
      ----------------------------  ------------------------------------------- 
 b)    Nature of the transaction      Transfer of shares to Elizabeth Wilson 
                                       (spouse) for nil consideration 
      ----------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)          Price(s)    Volumes 
                                           Nil      80,345 
                                                   -------- 
      ----------------------------  ------------------------------------------- 
 d)     Aggregated information        Not applicable - single transaction 
         - Aggregated volume 
         - Price 
      ----------------------------  ------------------------------------------- 
 e)     Date of the transaction       11 December 2018 
      ----------------------------  ------------------------------------------- 
 f)     Place of the transaction      Outside a trading venue 
      ----------------------------  ------------------------------------------- 
 
 

-ends-

Enquiries:

 
 Focusrite plc: 
 Tim Carroll (CEO)                  [phone] 
 Jeremy Wilson (CFO)                [phone] 
 
 Panmure Gordon 
  (Nominated Adviser and Broker) 
 Freddy Crossley                    [phone] 
 Erik Anderson                      [phone] 
 
   Belvedere Communications 
 John West                          [phone] 
 Kim van Beeck                      [phone] 
 

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 [e-mail] or visit www.rns.com.

END

RDNFKQDDKBDDBBD

(END) Dow Jones Newswires

December 14, 2018 05:14 ET (10:14 GMT)