TUNE Focusrite Plc

TIDMTUNE

RNS Number : 7674F

Focusrite PLC

18 November 2020

Focusrite plc

("the Company" or "the Group")

Focusrite plc FY20 Discretionary Director Bonus (FY20 Bonus)

Director Share Dealings

Focusrite plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that on 17 November 2020 it awarded ordinary shares of 0.1p each in the capital of the Company ("Shares") to Tim Carroll, CEO of the Company (a Person Discharging Managerial Responsibilities ("PDMR")), as listed below.

 
 Director       No. of Shares awarded 
 Tim Carroll                    6,482 
 

The Shares were awarded to the PDMR as part of the Company's annual bonus arrangements for the 2020 financial year. The PDMR elected to convert a portion of his annual bonus into Shares, and in return received an award of further Shares on a 1:1 basis.

The PDMR may not ordinarily sell, transfer, assign or dispose of the Shares for a period of two years.

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                                 Tim Carroll 
     ----------------------------  -------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position / st a tus           Chief Executive Office 
     ----------------------------  -------------------------------------------- 
 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)   Legal Entity Identifier       213800JJ51KA4LOTF736 
     ----------------------------  -------------------------------------------- 
 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 fina      Ordinary Shares of 0.1p each in Focusrite 
        n cial instrume nt , type    plc 
        of ins t rument 
     ----------------------------  -------------------------------------------- 
     Identification code            GB00BSBMW716 
     ----------------------------  -------------------------------------------- 
 b)   Nature of t h e transact       Acquisition of shares pursuant to 
       i o n                          Focusrite plc's annual bonus arrangements 
                                      for the 2020 financial year 
     ----------------------------  -------------------------------------------- 
 c)   Price(s) a n d vo l ume(s)      Prices per    Vo l umes Acquired 
                                        share 
                                            Nil            6,482 
                                                    ------------------- 
     ----------------------------  -------------------------------------------- 
 d)    Aggregated information       Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ----------------------------  -------------------------------------------- 
 e)   Date of the transaction       17 November 2020 
     ----------------------------  -------------------------------------------- 
 f)   Place of the transaction      Outside a trading venue 
     ----------------------------  -------------------------------------------- 
 

-ends-

Enquiries:

 
 Focusrite plc: 
 Tim Carroll (CEO)                  +44 1494 462246 
 Jeremy Wilson (CFO)                +44 1494 462246 
 
 Panmure Gordon 
  (Nominated Adviser and Broker) 
 Freddy Crossley                    +44 207 886 2500 
 Erik Anderson 
 
 Belvedere Communications           +44 20 3687 2754 
 John West 
 Llew Angus 
 

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END

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November 18, 2020 08:57 ET (13:57 GMT)

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