Focusrite PLC Notification of PDMR Transactions (7160Q)

TIDMTUNE

RNS Number : 7160Q

Focusrite PLC

22 February 2023

For immediate release

Focusrite plc

(the "Company" or the "Group")

Notification of PDMR Transactions

Focusrite plc (AIM: TUNE), the global music and audio products company, announces that a person closely associated with a Person Discharging Managerial Responsibilities (PDMR) completed the sale of part of their beneficial interest in the Company on 17 February 2023.

Damian Hawley, Chief Revenue Officer, has sold 7,146 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at 735.00 pence per Ordinary Share and Lisa Hawley, spouse of Damian Hawley, has sold 3,854 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at 735.00 pence per Ordinary Share. Following the transaction, Damian Hawley will retain a beneficial holding of 155,635 Ordinary Shares which represents 0.263% of the current issued share capital.

 
  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)   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 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     Sale of 9,057 ordinary shares of 0.1p 
       i o n                        each in Focusrite plc 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) a n d vo l ume(s)     Price(s)       Vo l umes 
                                         GBP 7.35    7,146 
                                                    ---------- 
     ---------------------------  ------------------------------------------ 
 d)    Aggregated information      Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      17 February 2023 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     London Stock Exchange 
     ---------------------------  ------------------------------------------ 
 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 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     Sale of shares of a person closely 
       i o n                        associated with a Person Discharging 
                                    Managerial Responsibilities 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) a n d vo l ume(s)     Price(s)      Vo l umes 
                                         GBP7.35    3,854 
                                                   ---------- 
     ---------------------------  ------------------------------------------ 
 d)    Aggregated information      Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      17 February 2023 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     London Stock Exchange 
     ---------------------------  ------------------------------------------ 
 

-ends-

 
 Enquiries: 
  Focusrite plc 
 Tim Carroll (CEO)                            [phone] 
 Sally McKone (CFO)                           [phone] 
 Investec Bank plc (Nominated Adviser and 
  Joint Broker)                               [phone] 
 David Flin / William Brinkley / Charlotte 
  Young 
 Peel Hunt LLP (Joint Broker)                 [phone] 
 Paul Gillam / Michael Burke / James Smith 
 Belvedere Communications (Financial PR)       [phone] 
 John West / Llew Angus 
 
 

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 Group trades under eleven established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio, Linea Research, Sequential, Oberheim and Sonnox.

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 design and manufacture 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. Linea Research designs, develops, manufactures and sells market innovative professional audio equipment globally. Sequential designs and manufactures high end analogue synthesizers under the Sequential and Oberheim brands. Sonnox is a leading designer of innovative, high quality, award-winning audio processing software plug-ins for professional audio engineers.

The Group has offices in four continents and a global customer base with a distribution network covering approximately 240 territories.

Focusrite plc is traded on the AIM market of the London Stock Exchange.

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February 22, 2023 04:25 ET (09:25 GMT)