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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 Grant of Share Options to Directors (5303I)

26/11/2018 3:36pm

UK Regulatory


Focusrite (LSE:TUNE)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMTUNE

RNS Number : 5303I

Focusrite PLC

26 November 2018

Focusrite plc

("the Company" or "the Group")

Directors' Dealings

Grant of Share Options to Directors

Focusrite plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that on 21 November 2018 it granted nominal cost options over ordinary shares of 0.1p each in the capital of the Company under the Company's Performance Share Plan to certain 'persons discharging managerial responsibilities' of the Company ("PDMRs") as listed below.

 
 PDMR             No. of shares under 
                               option 
 Tim Carroll                   51,722 
 Jeremy Wilson                 41,318 
 Damian Hawley                 17,098 
 Tim Dingley                   15,919 
 Giles Orford                  12,758 
 Simon Holt                    12,971 
 

The options will ordinarily vest on the third anniversary of the grant date, subject to the Remuneration Committee's determination of the extent to which the performance condition applicable to the award has been satisfied and to the individual's ongoing employment with the Company's group.

The performance condition measures compound annual growth in the Company's adjusted earnings per share over the period from 1 September 2018 to 31 August 2021. Fuller details of the performance condition shall be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2019.

Once vested, options shall remain exercisable until the tenth anniversary of the grant date.

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                               Tim Carroll 
     ---------------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                    Chief Executive 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 
     ---------------------------------  ------------------------------------------ 
 4    Details of the transaction(s): section to 
       be repeated 
       for (i) each type ofinstrument; (ii) each 
       type of transaction; (iii) each date; 
       and (iv) each placewhere 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          Grant of a nominal cost option under 
                                          the Focusrite plc Performance Share 
                                          Plan. 
     ---------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)               Price(s)    Volumes 
                                                 Nil         51,722 
                                                       ------------ 
     ---------------------------------  ------------------------------------------ 
 d)    Aggregated information            Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------------  ------------------------------------------ 
 e)   Date of the transaction            21 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                               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 
     ---------------------------------  ------------------------------------------ 
 4    Details of the transaction(s): section to 
       be repeated 
       for (i) each type ofinstrument; (ii) each 
       type of transaction; (iii) each date; 
       and (iv) each placewhere 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          Grant of a nominal cost option under 
                                          the Focusrite plc Performance Share 
                                          Plan. 
     ---------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)               Exercise Prices    Volumes 
                                             per share 
                                                 Nil                41,318 
                                                              ------------ 
     ---------------------------------  ------------------------------------------ 
 d)    Aggregated information            Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------------  ------------------------------------------ 
 e)   Date of the transaction            21 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                            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)   Legal Entity Identifier         213800JJ51KA4LOTF736 
     ------------------------------  ------------------------------------------ 
 4    Details of the transaction(s): section to 
       be repeated 
       for (i) each type ofinstrument; (ii) each 
       type of transaction; (iii) each date; 
       and (iv) each placewhere transactions have 
       been conducted 
     -------------------------------------------------------------------------- 
 a)    Description of the financial   Ordinary Shares of 0.1p each in Focusrite 
        instrument, type of            plc 
        instrument 
     ------------------------------  ------------------------------------------ 
     Identification code               GB00BSBMW716 
     ------------------------------  ------------------------------------------ 
 b)   Nature of the transaction       Grant of a nominal cost option under 
                                       the Focusrite plc Performance Share 
                                       Plan. 
     ------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)    Volumes 
                                              Nil         17,098 
                                                    ------------ 
     ------------------------------  ------------------------------------------ 
 d)    Aggregated information         Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ------------------------------  ------------------------------------------ 
 e)   Date of the transaction         21 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                            Tim Dingley 
     ------------------------------  ------------------------------------------ 
 2    Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position/status                 Operations 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)   Legal Entity Identifier         213800JJ51KA4LOTF736 
     ------------------------------  ------------------------------------------ 
 4    Details of the transaction(s): section to 
       be repeated 
       for (i) each type ofinstrument; (ii) each 
       type of transaction; (iii) each date; 
       and (iv) each placewhere transactions have 
       been conducted 
     -------------------------------------------------------------------------- 
 a)    Description of the financial   Ordinary Shares of 0.1p each in Focusrite 
        instrument, type of            plc 
        instrument 
     ------------------------------  ------------------------------------------ 
     Identification code               GB00BSBMW716 
     ------------------------------  ------------------------------------------ 
 b)   Nature of the transaction       Grant of a nominal cost option under 
                                       the Focusrite plc Performance Share 
                                       Plan. 
     ------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)    Volumes 
                                              Nil         15,919 
                                                    ------------ 
     ------------------------------  ------------------------------------------ 
 d)    Aggregated information         Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ------------------------------  ------------------------------------------ 
 e)   Date of the transaction         21 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)   Legal Entity Identifier         213800JJ51KA4LOTF736 
     ------------------------------  ------------------------------------------ 
 4    Details of the transaction(s): section to 
       be repeated 
       for (i) each type ofinstrument; (ii) each 
       type of transaction; (iii) each date; 
       and (iv) each placewhere transactions have 
       been conducted 
     -------------------------------------------------------------------------- 
 a)    Description of the financial   Ordinary Shares of 0.1p each in Focusrite 
        instrument, type of            plc 
        instrument 
     ------------------------------  ------------------------------------------ 
     Identification code               GB00BSBMW716 
     ------------------------------  ------------------------------------------ 
 b)   Nature of the transaction       Grant of a nominal cost option under 
                                       the Focusrite plc Performance Share 
                                       Plan. 
     ------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)    Volumes 
                                              Nil         12,758 
                                                    ------------ 
     ------------------------------  ------------------------------------------ 
 d)    Aggregated information         Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ------------------------------  ------------------------------------------ 
 e)   Date of the transaction         21 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                            Simon Holt 
     ------------------------------  ------------------------------------------ 
 2    Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position/status                 Engineering 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)   Legal Entity Identifier         213800JJ51KA4LOTF736 
     ------------------------------  ------------------------------------------ 
 4    Details of the transaction(s): section to 
       be repeated 
       for (i) each type ofinstrument; (ii) each 
       type of transaction; (iii) each date; 
       and (iv) each placewhere transactions have 
       been conducted 
     -------------------------------------------------------------------------- 
 a)    Description of the financial   Ordinary Shares of 0.1p each in Focusrite 
        instrument, type of            plc 
        instrument 
     ------------------------------  ------------------------------------------ 
     Identification code               GB00BSBMW716 
     ------------------------------  ------------------------------------------ 
 b)   Nature of the transaction       Grant of a nominal cost option under 
                                       the Focusrite plc Performance Share 
                                       Plan. 
     ------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)            Price(s)    Volumes 
                                              Nil         12,971 
                                                    ------------ 
     ------------------------------  ------------------------------------------ 
 d)    Aggregated information         Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ------------------------------  ------------------------------------------ 
 e)   Date of the transaction         21 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 
 Freddy Crossley             +44 20 7886 2500 
 Erik Anderson               +44 20 7886 2500 
 
 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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November 26, 2018 10:36 ET (15:36 GMT)

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