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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 310.00 | 305.00 | 315.00 | 310.00 | 310.00 | 310.00 | 1,164,841 | 07:36:26 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Musical Instrument Stores | 178.47M | 17.8M | 0.3038 | 10.20 | 181.62M |
From Apr 2023 to Apr 2024
TIDMTUNE
RNS Number : 1891Y
Focusrite PLC
03 May 2023
Focusrite plc
("the Company" or "the Group")
PDMR Dealings
Focusrite plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that on 26 April 2023:
1. Sally McKone, the Company's Chief Financial Officer and a Person Discharging Managerial Responsibilities ("PDMR") was issued with the third and final tranche of 6,132 management share awards. As set out in the Company's announcement of 18 May 2021, such awards were made as compensation for certain incentive arrangements which she forfeited or was otherwise not awarded on leaving her former employer to join the Group. 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 Company will cash settle the resulting tax and National Insurance elements. Accordingly, Ms McKone will be awarded a net holding of 3,249 shares. Following the award, Ms McKone will have a beneficial holding of 12,008 shares, being 0.02% of the issued ordinary share capital of the Company.
2. Simon Holt, a PDMR , (i) made a market purchase of 2,042 ordinary shares at a price of GBP4.89 per share and (ii) exercised nominal cost options over 9,394 shares granted to him under the Company's Performance Share Plan and acquired ordinary shares of 0.1p each in the Company.
The option was granted on 23 December 2019 and became vested and exercisable as from 24 December 2022. The exercise of the option was settled in part by the transfer of 4,978 ordinary shares and in part with a cash payment equal to market value of 4,416 ordinary shares to meet the PDMR's liability to income tax and employee national insurance arising on the exercise of the option.
Following the transaction Mr. Holt will have a beneficial holding of 151,076 Ordinary Shares which represents 0.25% 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.
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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
--------------------------- ------------------------------------------
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 Issue of shares ordinary shares from
i o n EBT of 0.1p each in Focusrite plc.
--------------------------- ------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
Nil cost 6,132 (settled
in part by the
transfer of 3,249
ordinary shares
and in part with
a cash payment
equal to market
value of 2,883
ordinary shares
to meet the PDMR's
liability to income
tax and employee
national insurance
arising on the
issue of 6,132
shares )
---------------------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 26 April 2023
--------------------------- ------------------------------------------
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 Charles 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) 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 Acquisition of 2,042 ordinary shares at
i o n a price of GBP4.89 per share.
--------------------------- ------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
GBP4.89 2,042
----------
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 26 April 2023
--------------------------- ------------------------------------------
f) Place of the transaction London Stock Exchange
--------------------------- ------------------------------------------
1 Details of the persons discharging managerial responsibilities
I person closely associated
a) N a me Simon Charles 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) 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 under
i o n the Focusrite plc Performance Share Plan
and acquisition of ordinary shares of 0.1p
each in Focusrite plc (or, as to 47.73%
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
GBP9.394 9,394 (settled
in part by
the transfer
of 4,978 ordinary
shares and
in part with
a cash payment
equal to market
value of 4,416
ordinary shares
to meet the
PDMR's liability
to income tax
and employee
national insurance
arising on
the exercise
of the option
over 9,394
shares )
--------------------------- --------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- --------------------------------------------
e) Date of the transaction 26 April 2023
--------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- --------------------------------------------
-ends-
Enquiries:
Focusrite plc: Tim Carroll (CEO) +44 1494 462246 Sally McKone (CFO) +44 1494 462246 Investec Bank plc (Nominated Adviser and Joint Broker) David Flin Ed Knight William Brinkley +44 20 7597 5970 Peel Hunt LLP (Joint broker) Paul Gillam Michael Burke James Smith +44 20 7418 8900 Belvedere Communications +44 20 3008 6864 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.
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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May 03, 2023 02:00 ET (06:00 GMT)
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