Focusrite PLC PDMR Dealings (1713P)

TIDMTUNE

RNS Number : 1713P

Focusrite PLC

07 February 2023

Focusrite plc

("the Company" or "the Group")

PDMR Dealings

Settlement of Share Options

Focusrite plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that on 6 February 2023 Christian Hellinger, a Person Discharging Managerial Responsibilities ("PDMR"), exercised nominal cost options over 11,637 shares granted to them under the Company's Performance Share Plan and acquired ordinary shares of 0.1p each in the Company.

The option was granted on 13 May 2020 and became vested and exercisable as from 24 December 2022. The exercise of the option was settled in part by the transfer of 5,236 ordinary shares and in part with a cash payment equal to market value of 6,401 ordinary shares to meet the PDMR's liability to income tax and social security contributions arising on the exercise of the option.

Following the transaction Mr. Hellinger will have a beneficial holding of 5,236 Ordinary Shares which represents 0.009% of the current issued share capital.

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                       Rolf Christian Hellinger 
     ---------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position / st a tus          CEO, ADAM Audio 
     ---------------------------  ------------------------------------------ 
 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     Exercise of a nominal cost option 
       i o n                        under the Focusrite plc Performance 
                                    Share Plan and acquisition of ordinary 
                                    shares of 0.1p each in Focusrite plc 
                                    (or, as to 45% of the vested shares 
                                    number, cash in lieu of such shares). 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) a n d vo l ume(s)     Price(s)      Vo l umes 
                                         GBP11.63   11,637 (settled 
                                                     in part by 
                                                     the transfer 
                                                     of 5,236 ordinary 
                                                     shares and 
                                                     in part with 
                                                     a cash payment 
                                                     equal to market 
                                                     value of 6,401 
                                                     ordinary shares 
                                                     to meet the 
                                                     PDMR's liability 
                                                     to income tax 
                                                     and employee 
                                                     national insurance 
                                                     arising on 
                                                     the exercise 
                                                     of the option 
                                                     over 11,637 
                                                     shares ) 
     ---------------------------  ------------------------------------------ 
 d)    Aggregated information      Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      6 February 2023 
     ---------------------------  ------------------------------------------ 
 f)   Place of the transaction     Outside a trading venue 
     ---------------------------  ------------------------------------------ 
 

-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 07, 2023 04:51 ET (09:51 GMT)