Focusrite PLC PDMR Grant of Share Options (8400X)

TIDMTUNE

RNS Number : 8400X

Focusrite PLC

24 February 2017

Focusrite Plc

("the Company" or "the Group")

PDMR Grant 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 24 November 2016 it issued 70,872 options under the Company's Performance Share Plan to Persons Discharging Managerial Responsibility ("PDMRs") as listed below. The awards have a vesting date of 24 November 2019.

 
 PDMR              Options 
                   granted 
 Damian Hawley      11,533 
 Rob Jenkins        10,647 
 Tim Dingley        10,229 
 Giles Orford        8,867 
 Simon Holt          7,104 
 Phil Wagner        12,063 
 Mike Warriner      10,429 
 

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)   Name                                    1. Damian Hawley 
                                               2. Rob Jenkins 
                                               3. Tim Dingley 
                                               4. Giles Orford 
                                               5. Simon Holt 
                                               6. Phil Wagner 
                                               7. Mike Warriner 
---  ---------------------------------  ------------------------------------------------ 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------- 
 a)   Position/status                          classified as PDMRs of the Company 
---  ---------------------------------  ------------------------------------------------ 
 b)   Initial notification /Amendment    Initial notification 
---  ---------------------------------  ------------------------------------------------ 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
---  ----------------------------------------------------------------------------------- 
 a)   Name                               Focusrite Plc 
---  ---------------------------------  ------------------------------------------------ 
 b)   LEI                                None 
---  ---------------------------------  ------------------------------------------------ 
 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 financial      Option over Ordinary Shares of 0.1p each 
        instrument, type of instrument 
---  ---------------------------------  ------------------------------------------------ 
     Identification code                 GB00BSBMW716 
---  ---------------------------------  ------------------------------------------------ 
 b)   Nature of the transaction          Grant of options 
---  ---------------------------------  ------------------------------------------------ 
 c)   Price(s) and volume(s)               Exercise        Volumes 
                                             Prices per 
                                             share 
                                           --------------  ---------------- 
                                                 1. 0.1p         1. 11,533 
                                                  2. 0.1p         2. 10,647 
                                                  3. 0.1p         3. 10,229 
                                                  4. 0.1p         4. 8,867 
                                                  5. 0.1p         5. 7,104 
                                                  6. 0.1p         6. 12,063 
                                                  7. 0.1p         7. 10,429 
                                           --------------  ---------------- 
---  ---------------------------------  ------------------------------------------------ 
 d)    Aggregated information            Weighted average exercise price: 0.1p per share 
        - Aggregated volume               Aggregated volume: 70,872 
        - Price 
---  ---------------------------------  ------------------------------------------------ 
 e)   Date of the transaction            24 November 2016 
---  ---------------------------------  ------------------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
---  ---------------------------------  ------------------------------------------------ 
 

-ends-

Enquiries:

 
 Focusrite Plc: 
 Phil Dudderidge (Executive 
  Chairman)                    [phone] 
 Jeremy Wilson (CFO)           [phone] 
 
 Panmure Gordon 
 Freddy Crossley               [phone] 
 Tom Salvesen                  [phone] 
 
 Belvedere Communications 
 John West                     [phone] 
 Kim Van Beeck                 [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 24, 2017 10:56 ET (15:56 GMT)