Focusrite PLC Notification of PDMR Transactions (5411G)
25 Novembre 2020 - 7:02PM
UK Regulatory
TIDMTUNE
RNS Number : 5411G
Focusrite PLC
25 November 2020
For immediate release
Focusrite plc
(the "Company" or the "Group")
Notification of PDMR Transactions
Focusrite plc (AIM: TUNE), the global music and audio products
company, announces that two Persons Discharging Managerial
Responsibilities (PDMR) have today completed sales of beneficial
interest in the Company.
Jeremy Wilson, Chief Financial Officer, has sold 105,000
ordinary shares of 0.1 pence each in the capital of the Company
("Ordinary Shares") at 956.4 pence per Ordinary Share in line with
his long-term financial planning and previously announced decision
to step down from his role in 2021, following an orderly transition
to his successor. Following the transaction, Jeremy will retain a
holding of 92,892 Ordinary Shares which represents 0.2% of the
current issued share capital.
Tim Dingley, Chief Operating Officer, who is not a Board member
but is a PDMR of the Company, has sold 75,000 Ordinary Shares
beneficially owned at 956.4 pence per share, in line with his
long-term financial planning. Following the transaction, Tim will
retain a beneficial interest of 234,601 Ordinary Shares which
represents 0.4% of the current issued share capital.
- 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
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
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 Focusrite
Group trades under six established brands: Focusrite, Focusrite
Pro, Novation, Ampify, ADAM Audio and Martin Audio.
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 offer 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.
The Focusrite Group has a global customer base with a
distribution network covering approximately 160 territories.
Focusrite is headquartered in High Wycombe, UK, with marketing
offices in Los Angeles and Hong Kong. ADAM Audio has offices in
Berlin, Nashville and Dongguan, China. Martin Audio is also based
in High Wycombe with a subsidiary in US.
Focusrite plc is traded on the AIM market, London Stock
Exchange.
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 person discharging managerial responsibilities/person
closely associated
a) Name Jeremy Wilson
------------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status Chief Financial Officer and Executive
Director
------------------------------- ------------------------------------------
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 213800JJ51KA4LOTF736
------------------------------- ------------------------------------------
4 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 Ordinary Shares of 0.1p each in Focusrite
financial instrument, plc
type of instrument
------------------------------- ------------------------------------------
b) Identification Code GB00BSBMW716
------------------------------- ------------------------------------------
c) Nature of the transaction Sale of Ordinary Shares
------------------------------- ------------------------------------------
d) Price(s) and volume(s) 105,000 Ordinary Shares
956.4 pence per Ordinary Share
------------------------------- ------------------------------------------
e) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
------------------------------- ------------------------------------------
f) Date of the transaction 25 November 2020
------------------------------- ------------------------------------------
g) Place of the transaction London Stock Exchange, AIM
------------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Tim Dingley
------------------------------- ------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status Chief Operating Officer
------------------------------- ------------------------------------------
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 213800JJ51KA4LOTF736
------------------------------- ------------------------------------------
4 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 Ordinary Shares of 0.1p each in Focusrite
financial instrument, plc
type of instrument
------------------------------- ------------------------------------------
b) Identification Code GB00BSBMW716
------------------------------- ------------------------------------------
c) Nature of the transaction Sale of Ordinary Shares
------------------------------- ------------------------------------------
d) Price(s) and volume(s) 75,000 Ordinary Shares
956.4 pence per Ordinary Share
------------------------------- ------------------------------------------
e) Aggregated information
- Aggregated volume N/A (single transaction)
- Price
------------------------------- ------------------------------------------
f) Date of the transaction 25 November 2020
------------------------------- ------------------------------------------
g) Place of the transaction London Stock Exchange, AIM
------------------------------- ------------------------------------------
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END
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November 25, 2020 13:02 ET (18:02 GMT)
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