TIDMTUNE

RNS Number : 9295F

Focusrite PLC

19 November 2020

Focusrite plc

("the Company" or "the Group")

Directors' Dealings

Grant of Share Options to PDMR

Focusrite plc (AIM:TUNE), the global music and audio products company, announces that on 18 November 2020 it granted nominal cost options over ordinary shares of 0.1p each in the capital of the Company under the Company's Performance Share Plan to certain 'persons discharging managerial responsibilities' of the Company ("PDMRs") as listed below.

 
 PDMR                   No. of shares under 
                                     option 
 Tim Carroll                  31,190 
 Damian Hawley                 8,262 
 Tim Dingley                   7,715 
 Greg Westall                  8,347 
 Simon Holt                    6,705 
 Christian Hellinger           8,172 
 Dom Harter                    7,968 
 

The options will ordinarily vest on the third anniversary of the grant date, subject to the Remuneration Committee's determination of the extent to which the performance condition applicable to the award has been satisfied and to the individual's ongoing employment with the Company's group.

The performance condition measures compound annual growth in the Company's adjusted earnings per share over the period from 1 September 2020 to 31 August 2023. Fuller details of the performance condition shall be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2021.

Once vested, options shall remain exercisable until the tenth anniversary of the grant date.

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 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 
     ---------------------------  ------------------------------------------ 
 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 ,        plc 
        type of ins t rument 
     ---------------------------  ------------------------------------------ 
     Identification code           GB00BSBMW716 
     ---------------------------  ------------------------------------------ 
 b)   Nature of t h e transact     Grant of a nominal cost option under the 
       i o n                        Focusrite plc Performance Share Plan. 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) a n d vo l ume(s)     Price(s)    Vo l umes 
                                           Nil         31,190 
                                                 ------------ 
     ---------------------------  ------------------------------------------ 
 d)    Aggregated information      Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      18 November 2020 
     ---------------------------  ------------------------------------------ 
 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                     Damian Hawley 
     -------------------------  ------------------------------------------ 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position / st a tus        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)   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 ,      plc 
        type of ins t rument 
     -------------------------  ------------------------------------------ 
     Identification code         GB00BSBMW716 
     -------------------------  ------------------------------------------ 
 b)   Nature of t h e transact   Grant of a nominal cost option under 
       i o n                      the Focusrite plc Performance Share 
                                  Plan. 
     -------------------------  ------------------------------------------ 
 c)   Price(s) a n d vo l          Price(s)    Vo l umes 
       ume(s)                            Nil         8,262 
                                               ----------- 
     -------------------------  ------------------------------------------ 
 d)    Aggregated information    Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     -------------------------  ------------------------------------------ 
 e)   Date of the transaction    18 November 2020 
     -------------------------  ------------------------------------------ 
 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                     Tim Dingley 
     -------------------------  ------------------------------------------ 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position / st a tus        Chief Operating 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)   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 ,      plc 
        type of ins t rument 
     -------------------------  ------------------------------------------ 
     Identification code         GB00BSBMW716 
     -------------------------  ------------------------------------------ 
 b)   Nature of t h e transact   Grant of a nominal cost option under 
       i o n                      the Focusrite plc Performance Share 
                                  Plan. 
     -------------------------  ------------------------------------------ 
 c)   Price(s) a n d vo l          Price(s)    Vo l umes 
       ume(s)                            Nil         7,715 
                                               ----------- 
     -------------------------  ------------------------------------------ 
 d)    Aggregated information    Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     -------------------------  ------------------------------------------ 
 e)   Date of the transaction    18 November 2020 
     -------------------------  ------------------------------------------ 
 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                     Greg Westall 
     -------------------------  ------------------------------------------ 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position / st a tus        Director of Product 
     -------------------------  ------------------------------------------ 
 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 ,      plc 
        type of ins t rument 
     -------------------------  ------------------------------------------ 
     Identification code         GB00BSBMW716 
     -------------------------  ------------------------------------------ 
 b)   Nature of t h e transact   Grant of a nominal cost option under 
       i o n                      the Focusrite plc Performance Share 
                                  Plan. 
     -------------------------  ------------------------------------------ 
 c)   Price(s) a n d vo l          Price(s)    Vo l umes 
       ume(s)                            Nil         8,347 
                                               ----------- 
     -------------------------  ------------------------------------------ 
 d)    Aggregated information    Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     -------------------------  ------------------------------------------ 
 e)   Date of the transaction    18 November 2020 
     -------------------------  ------------------------------------------ 
 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 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)   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 ,      plc 
        type of ins t rument 
     -------------------------  ------------------------------------------ 
     Identification code         GB00BSBMW716 
     -------------------------  ------------------------------------------ 
 b)   Nature of t h e transact   Grant of a nominal cost option under 
       i o n                      the Focusrite plc Performance Share 
                                  Plan. 
     -------------------------  ------------------------------------------ 
 c)   Price(s) a n d vo l          Price(s)    Vo l umes 
       ume(s)                            Nil         6,705 
                                               ----------- 
     -------------------------  ------------------------------------------ 
 d)    Aggregated information    Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     -------------------------  ------------------------------------------ 
 e)   Date of the transaction    18 November 2020 
     -------------------------  ------------------------------------------ 
 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                     Christian Hellinger 
     -------------------------  ------------------------------------------ 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position / st a tus        ADAM Audio CEO 
     -------------------------  ------------------------------------------ 
 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 ,      plc 
        type of ins t rument 
     -------------------------  ------------------------------------------ 
     Identification code         GB00BSBMW716 
     -------------------------  ------------------------------------------ 
 b)   Nature of t h e transact   Grant of a nominal cost option under 
       i o n                      the Focusrite plc Performance Share 
                                  Plan. 
     -------------------------  ------------------------------------------ 
 c)   Price(s) a n d vo l          Price(s)    Vo l umes 
       ume(s)                            Nil         8,172 
                                               ----------- 
     -------------------------  ------------------------------------------ 
 d)    Aggregated information    Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     -------------------------  ------------------------------------------ 
 e)   Date of the transaction    18 November 2020 
     -------------------------  ------------------------------------------ 
 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                     Dom Harter 
     -------------------------  ------------------------------------------ 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position / st a tus        Martin Audio Managing 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)   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 ,      plc 
        type of ins t rument 
     -------------------------  ------------------------------------------ 
     Identification code         GB00BSBMW716 
     -------------------------  ------------------------------------------ 
 b)   Nature of t h e transact   Grant of a nominal cost option under 
       i o n                      the Focusrite plc Performance Share 
                                  Plan. 
     -------------------------  ------------------------------------------ 
 c)   Price(s) a n d vo l          Price(s)    Vo l umes 
       ume(s)                            Nil         7,968 
                                               ----------- 
     -------------------------  ------------------------------------------ 
 d)    Aggregated information    Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     -------------------------  ------------------------------------------ 
 e)   Date of the transaction    18 November 2020 
     -------------------------  ------------------------------------------ 
 f)   Place of the transaction   Outside a trading venue 
     -------------------------  ------------------------------------------ 
 

-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 2754

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHKKCBPPBDDNDD

(END) Dow Jones Newswires

November 19, 2020 10:54 ET (15:54 GMT)

Grafico Azioni Focusrite (LSE:TUNE)
Storico
Da Feb 2024 a Mar 2024 Clicca qui per i Grafici di Focusrite
Grafico Azioni Focusrite (LSE:TUNE)
Storico
Da Mar 2023 a Mar 2024 Clicca qui per i Grafici di Focusrite