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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 | |
---|---|---|---|---|---|---|---|---|---|---|
7.50 | 2.13% | 360.00 | 355.00 | 365.00 | 360.00 | 352.50 | 352.50 | 75,834 | 11:57:12 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Musical Instrument Stores | 178.47M | 17.8M | 0.3038 | 11.85 | 210.91M |
TIDMTUNE
RNS Number : 0237T
Focusrite PLC
19 November 2021
Focusrite plc
("the Company" or "the Group")
Directors' Dealings
Grant of Share Options to PDMRs
Focusrite plc (AIM:TUNE), the global music and audio products company, announces that on 17 November 2021 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 18,247 -------------------- Sally McKone 14,311 -------------------- Damian Hawley 4,923 -------------------- Tim Dingley 4,923 -------------------- Simon Holt 4,307 -------------------- Greg Westall 5,021 -------------------- Christian Hellinger 4,996 -------------------- Dom Harter 5,046 -------------------- David Gibbons 5,396 --------------------
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 2021 to 31 August 2024. Fuller details of the performance condition shall be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2022.
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) N a me Tim Carroll --------------------------- ------------------------------------------ 2 Reason for the notification ----------------------------------------------------------------------- a) Position / st a tus 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 fina Ordinary Shares of 0.1p each in Focusrite n cial instrume nt , plc type of ins t rument --------------------------- ------------------------------------------ Identification code GB00BSBMW716 --------------------------- ------------------------------------------ b) Nature of t h e transact Grant of a nominal cost option under the i o n Focusrite plc Performance Share Plan. --------------------------- ------------------------------------------ c) Price(s) a n d vo l ume(s) Price(s) Vo l umes Nil 18,247 ------------ --------------------------- ------------------------------------------ d) Aggregated information Not applicable - single transaction - Aggregated volume - Price --------------------------- ------------------------------------------ e) Date of the transaction 17 November 2021 --------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue --------------------------- ------------------------------------------ 1 Details of the persons discharging managerial responsibilities I person closely associated a) N a me Sally McKone --------------------------- ------------------------------------------ 2 Reason for the notification ----------------------------------------------------------------------- a) Position / st a tus 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 fina Ordinary Shares of 0.1p each in Focusrite n cial instrume nt , plc type of ins t rument --------------------------- ------------------------------------------ Identification code GB00BSBMW716 --------------------------- ------------------------------------------ b) Nature of t h e transact Grant of a nominal cost option under i o n the Focusrite plc Performance Share Plan. --------------------------- ------------------------------------------ c) Price(s) a n d vo l ume(s) Price(s) Vo l umes Nil 14,311 ------------ --------------------------- ------------------------------------------ d) Aggregated information Not applicable - single transaction - Aggregated volume - Price --------------------------- ------------------------------------------ e) Date of the transaction 17 November 2021 --------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue --------------------------- ------------------------------------------ 1 Details of the persons discharging managerial responsibilities I person closely associated ----------------------------------------------------------------------- a) N a me Damian Hawley --------------------------- ------------------------------------------ 2 Reason for the notification ----------------------------------------------------------------------- a) Position / st a tus Chief Revenue 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) 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 fina Ordinary Shares of 0.1p each in Focusrite n cial instrume nt , plc type of ins t rument --------------------------- ------------------------------------------ Identification code GB00BSBMW716 --------------------------- ------------------------------------------ b) Nature of t h e transact Grant of a nominal cost option under i o n the Focusrite plc Performance Share Plan. --------------------------- ------------------------------------------ c) Price(s) a n d vo l ume(s) Price(s) Vo l umes Nil 4,923 ----------- --------------------------- ------------------------------------------ d) Aggregated information Not applicable - single transaction - Aggregated volume
- Price --------------------------- ------------------------------------------ e) Date of the transaction 17 November 2021 --------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue --------------------------- ------------------------------------------ 1 Details of the persons discharging managerial responsibilities I person closely associated ----------------------------------------------------------------------- a) N a me Tim Dingley --------------------------- ------------------------------------------ 2 Reason for the notification ----------------------------------------------------------------------- a) Position / st a tus Chief Operating 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) 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 fina Ordinary Shares of 0.1p each in Focusrite n cial instrume nt , plc type of ins t rument --------------------------- ------------------------------------------ Identification code GB00BSBMW716 --------------------------- ------------------------------------------ b) Nature of t h e transact Grant of a nominal cost option under i o n the Focusrite plc Performance Share Plan. --------------------------- ------------------------------------------ c) Price(s) a n d vo l ume(s) Price(s) Vo l umes Nil 4,923 ----------- --------------------------- ------------------------------------------ d) Aggregated information Not applicable - single transaction - Aggregated volume - Price --------------------------- ------------------------------------------ e) Date of the transaction 17 November 2021 --------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue --------------------------- ------------------------------------------ 1 Details of the persons discharging managerial responsibilities I person closely associated a) N a me Simon Holt ------------------------- ------------------------------------------ 2 Reason for the notification --------------------------------------------------------------------- a) Position / st a tus 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 fina Ordinary Shares of 0.1p each in Focusrite n cial instrume nt , plc type of ins t rument ------------------------- ------------------------------------------ Identification code GB00BSBMW716 ------------------------- ------------------------------------------ b) Nature of t h e transact Grant of a nominal cost option under i o n the Focusrite plc Performance Share Plan. ------------------------- ------------------------------------------ c) Price(s) a n d vo l Price(s) Vo l umes ume(s) Nil 4,307 ----------- ------------------------- ------------------------------------------ d) Aggregated information Not applicable - single transaction - Aggregated volume - Price ------------------------- ------------------------------------------ e) Date of the transaction 17 November 2021 ------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue ------------------------- ------------------------------------------ 1 Details of the persons discharging managerial responsibilities I person closely associated a) N a me Greg Westall ------------------------- ------------------------------------------ 2 Reason for the notification --------------------------------------------------------------------- a) Position / st a tus Director of Product ------------------------- ------------------------------------------ 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 fina Ordinary Shares of 0.1p each in Focusrite n cial instrume nt , plc type of ins t rument ------------------------- ------------------------------------------ Identification code GB00BSBMW716 ------------------------- ------------------------------------------ b) Nature of t h e transact Grant of a nominal cost option under i o n the Focusrite plc Performance Share Plan. ------------------------- ------------------------------------------ c) Price(s) a n d vo l Price(s) Vo l umes ume(s) Nil 5,021 ----------- ------------------------- ------------------------------------------ d) Aggregated information Not applicable - single transaction - Aggregated volume - Price ------------------------- ------------------------------------------ e) Date of the transaction 17 November 2021 ------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue ------------------------- ------------------------------------------ 1 Details of the persons discharging managerial responsibilities I person closely associated a) N a me Christian Hellinger ------------------------- ------------------------------------------ 2 Reason for the notification --------------------------------------------------------------------- a) Position / st a tus ADAM Audio CEO ------------------------- ------------------------------------------ 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 fina Ordinary Shares of 0.1p each in Focusrite n cial instrume nt , plc type of ins t rument
------------------------- ------------------------------------------ Identification code GB00BSBMW716 ------------------------- ------------------------------------------ b) Nature of t h e transact Grant of a nominal cost option under i o n the Focusrite plc Performance Share Plan. ------------------------- ------------------------------------------ c) Price(s) a n d vo l Price(s) Vo l umes ume(s) Nil 4,996 ----------- ------------------------- ------------------------------------------ d) Aggregated information Not applicable - single transaction - Aggregated volume - Price ------------------------- ------------------------------------------ e) Date of the transaction 17 November 2021 ------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue ------------------------- ------------------------------------------ 1 Details of the persons discharging managerial responsibilities I person closely associated a) N a me Dom Harter ------------------------- ------------------------------------------ 2 Reason for the notification --------------------------------------------------------------------- a) Position / st a tus Martin Audio Managing 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 fina Ordinary Shares of 0.1p each in Focusrite n cial instrume nt , plc type of ins t rument ------------------------- ------------------------------------------ Identification code GB00BSBMW716 ------------------------- ------------------------------------------ b) Nature of t h e transact Grant of a nominal cost option under i o n the Focusrite plc Performance Share Plan. ------------------------- ------------------------------------------ c) Price(s) a n d vo l Price(s) Vo l umes ume(s) Nil 5,046 ----------- ------------------------- ------------------------------------------ d) Aggregated information Not applicable - single transaction - Aggregated volume - Price ------------------------- ------------------------------------------ e) Date of the transaction 17 November 2021 ------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue ------------------------- ------------------------------------------ 1 Details of the persons discharging managerial responsibilities I person closely associated a) N a me David Gibbons ------------------------- ------------------------------------------ 2 Reason for the notification --------------------------------------------------------------------- a) Position / st a tus Sequential 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) 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 fina Ordinary Shares of 0.1p each in Focusrite n cial instrume nt , plc type of ins t rument ------------------------- ------------------------------------------ Identification code GB00BSBMW716 ------------------------- ------------------------------------------ b) Nature of t h e transact Grant of a nominal cost option under i o n the Focusrite plc Performance Share Plan. ------------------------- ------------------------------------------ c) Price(s) a n d vo l Price(s) Vo l umes ume(s) Nil 5,396 ----------- ------------------------- ------------------------------------------ d) Aggregated information Not applicable - single transaction - Aggregated volume - Price ------------------------- ------------------------------------------ e) Date of the transaction 17 November 2021 ------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue ------------------------- ------------------------------------------
-ends-
Enquiries:
For further information contact:
Focusrite plc +44 (0) 149 446 2246 Tim Carroll, Chief Executive Officer Sally McKone, Chief Financial Officer Investec Bank plc (Nominated Adviser and Joint Broker) +44 (0) 20 7597 5970 David Flin William Brinkley Charlotte Young Peel Hunt LLP (Joint Broker) +44 (0) 20 7418 8900 Edward Knight Michael Burke James Smith Belvedere Communications +44 (0) 20 3687 2756 John West Llew Angus
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Notes to Editors
Focusrite plc is a global audio products group that develops and markets proprietary hardware and software products. Used by audio professionals and musicians, its solutions facilitate the high-quality production of recorded and live sound. The Focusrite Group trades under eight established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio and Sequential.
With a high-quality reputation and a rich heritage spanning decades, its brands are category leaders in the music-making and audio recording industries. Focusrite and Focusrite Pro offer audio interfaces and other products for recording musicians, producers and professional audio facilities. Novation and Ampify products are used in the creation of electronic music, from synthesisers and grooveboxes to industry-shaping controllers and inspirational music-making apps. ADAM Audio studio monitors have earned a worldwide reputation based on technological innovation in the field of studio loudspeaker technology. Martin Audio designs and manufactures performance-ready systems across the spectrum of sound reinforcement applications. Sequential designs and manufactures high end analogue synthesizers.
The Focusrite Group has offices in four continents and a global customer base with a distribution network covering approximately 160 territories.
Focusrite plc is traded on the AIM market, London Stock Exchange.
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(END) Dow Jones Newswires
November 19, 2021 11:30 ET (16:30 GMT)
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