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TUNE Focusrite Plc

380.00
0.00 (0.00%)
Last Updated: 07:36:20
Delayed by 15 minutes
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% 380.00 370.00 390.00 380.00 380.00 380.00 17,940 07:36:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Musical Instrument Stores 178.47M 17.8M 0.3038 12.51 222.63M

Focusrite PLC Settlement of Share Options (7383Y)

03/01/2020 2:36pm

UK Regulatory


Focusrite (LSE:TUNE)
Historical Stock Chart


From May 2019 to May 2024

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TIDMTUNE

RNS Number : 7383Y

Focusrite PLC

03 January 2020

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 31 December Damian Hawley and Giles Orford each being a Person Discharging Managerial Responsibilities ("PDMRs"), exercised nominal cost options granted to them under the Company's Performance Share Plan and acquired ordinary shares of 0.1p each in the Company.

The options were granted on 24 November 2016 and became vested and exercisable as from 23 December 2019.

Exercised awards were settled in cash to the extent needed to cover each PDMR's liability to income tax and employee national insurance arising on the exercise of their award. The shares acquired by the PDMRs represent the balance of their award.

Immediately following exercise, Damian Hawley transferred the full number of shares he acquired in connection with exercise to his spouse (his spouse being a person closely associated with the PDMR) for nil consideration.

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                               Damian Hawley 
     ---------------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                    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 financial      Ordinary Shares of 0.1p each in Focusrite 
        instrument, type of instrument    plc 
     ---------------------------------  ------------------------------------------ 
     Identification code                 GB00BSBMW716 
     ---------------------------------  ------------------------------------------ 
 b)   Nature of the transaction          Exercise of a nominal cost option 
                                          under the Focusrite plc Performance 
                                          Share Plan and acquisition of ordinary 
                                          shares of 0.1p each in Focusrite plc 
                                          (or, as to 47% of the acquired shares, 
                                          cash in lieu of such shares). 
     ---------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)               Price(s)      Volumes 
                                               GBP11.54   11,533 
                                                           (of which, 
                                                           5,421 were 
                                                           settled in 
                                                           cash in lieu 
                                                           of shares, 
                                                           and 6,112 were 
                                                           settled in 
                                                           shares) 
     ---------------------------------  ------------------------------------------ 
 d)    Aggregated information            Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------------  ------------------------------------------ 
 e)   Date of the transaction            31 December 2019 
     ---------------------------------  ------------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------------ 
 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 financial      Ordinary Shares of 0.1p each in Focusrite 
        instrument, type of instrument    plc 
     ---------------------------------  ------------------------------------------ 
     Identification code                 GB00BSBMW716 
     ---------------------------------  ------------------------------------------ 
 b)   Nature of the transaction          Transfer of shares to Lisa Hawley 
                                          (spouse) for nil consideration 
     ---------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)               Price(s)    Volumes 
                                               Nil      6,112 
                                                       -------- 
     ---------------------------------  ------------------------------------------ 
 d)    Aggregated information            Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------------  ------------------------------------------ 
 e)   Date of the transaction            31 December 2019 
     ---------------------------------  ------------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------------ 
 
 
  1    Details of the persons discharging managerial responsibilities 
        I person closely associated 
 a)   Name                               Giles Orford 
     ---------------------------------  ------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status                    Brand 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 financial      Ordinary Shares of 0.1p each in Focusrite 
        instrument, type of instrument    plc 
     ---------------------------------  ------------------------------------------ 
     Identification code                 GB00BSBMW716 
     ---------------------------------  ------------------------------------------ 
 b)   Nature of the transaction          Exercise of a nominal cost option 
                                          under the Focusrite plc Performance 
                                          Share Plan and acquisition of ordinary 
                                          shares of 0.1p each in Focusrite plc 
                                          (or, as to 47% of the acquired shares, 
                                          cash in lieu of such shares). 
     ---------------------------------  ------------------------------------------ 
 c)   Price(s) and volume(s)               Price(s)     Volumes 
                                               GBP8.87   8,867 
                                                          (of which, 
                                                          4,168 were 
                                                          settled in 
                                                          cash in lieu 
                                                          of shares, 
                                                          and 4,699 were 
                                                          settled in 
                                                          shares) 
     ---------------------------------  ------------------------------------------ 
 d)    Aggregated information            Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------------  ------------------------------------------ 
 e)   Date of the transaction            31 December 2019 
     ---------------------------------  ------------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------------ 
 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 
     ----------------------------------------------------------------------------- 
 

-ends-

Enquiries:

Focusrite plc: +44 1494 836301

Tim Carroll (CEO)

Jeremy Wilson (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

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.

END

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(END) Dow Jones Newswires

January 03, 2020 09:36 ET (14:36 GMT)

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