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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-5.00 | -1.35% | 365.00 | 360.00 | 380.00 | 370.00 | 370.00 | 370.00 | 442,035 | 16:35:11 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Musical Instrument Stores | 178.47M | 17.8M | 0.3038 | 12.18 | 216.77M |
TIDMTUNE
RNS Number : 9103Y
Focusrite PLC
18 May 2021
Strictly embargoed until 07:00 on 18 May 2021
Focusrite plc
( " the Company" or " the Group")
Issue of Management Shares
Focusrite plc (AIM: TUNE), the global music and audio products company supplying hardware and software used by professional and amateur musicians and the entertainment industry, is pleased to announce the issue of 13,337 management share awards to the Company's recently appointed Chief Financial Officer, Sally McKone.
The shares, to be issued from the Company's Employee Benefit Trust were determined by the Company's Remuneration Committee and approved by the Board.
The shares will vest in three tranches; the first tranche of 3,176 shares vested in March 2021, the second tranche of 4,029 shares will vest in March 2022 and the third tranche of 6,132 shares will vest in March 2023.
Following the announcement of the Company's interim results, on 13 May 2021 the Company has awarded the first tranche on 17 May 2021 which comprises 3,176 shares. After the Company cash settled the resulting tax and deducted the National Insurance element, Sally McKone will be awarded a net holding of shares in the first tranche resulting in total beneficial holding of 1,683 being 0.003% of the issued ordinary share capital of the Company.
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 Sally McKone ---------------------------- ------------------------------------------ 2 Reason for the notification ------------------------------------------------------------------------ a) Position / s t 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 ---------------------------- ------------------------------------------ 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 fin Ordinary Shares of 0.1p each in Focusrite a n cial instrum e n plc t , type of in s t rument ---------------------------- ------------------------------------------ Identification code GB00BSBMW716 ---------------------------- ------------------------------------------ b) Nature of t h e transac Issue of shares ordinary shares from t i o n EBT of 0.1p each in Focusrite plc. ---------------------------- ------------------------------------------ c) Price(s) a n d v o l Price(s) V o l umes ume(s) Nil cost 3,176 ( settled in part by the transfer of 1,683 ordinary shares and in part with a cash payment equal to market value of 1,493 ordinary shares to meet the PDMR's liability to income tax and employee national insurance arising on the issue of 3,176 shares ) --------------------- ---------------------------- ------------------------------------------ d) Aggregated information Not applicable - single transaction - Aggregated volume - Price ---------------------------- ------------------------------------------ e) Date of the transaction 17 May 2021 ---------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue ---------------------------- ------------------------------------------
-ends-
Enquiries:
Focusrite plc: +44 1494 836301
Tim Carroll (CEO)
Sally McKone (CFO)
Panmure Gordon (Nominated Adviser and Broker) +44 20 7886 2500
Freddy Crossley / Alina Vaskina
Erik Anderson
Belvedere Communications +44 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 music and audio products group that develops and markets proprietary hardware and software products. Used by recording professionals and musicians alike, its solutions facilitate the high-quality production of recorded and live sound. The Focusrite Group trades under six established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio and Martin Audio.
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 manufacturers 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.
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.
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END
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(END) Dow Jones Newswires
May 18, 2021 02:00 ET (06:00 GMT)
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