Focusrite PLC Settlement of Share Options (7109I)
15 Dicembre 2020 - 11:50AM
UK Regulatory
TIDMTUNE
RNS Number : 7109I
Focusrite PLC
15 December 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, announces that on 1 December 2020 Damian Hawley and 2
December 2020 Simon Holt, both being a Person Discharging
Managerial Responsibilities ("PDMRs"), exercised a nominal cost
option over 6,960 and 4,560 Ordinary Shares respectively (totalling
11,520 Ordinary Shares) granted to them under the Company's
Performance Share Plan and acquired Ordinary Shares of 0.1p each in
the Company.
The option was granted on 22 November 2017 and became vested and
exercisable as from 23 November 2020.
The exercise of the options was settled in part by the transfer
of a total of 6,104 Ordinary Shares and in part with a cash payment
equal to market value of 5,416 Ordinary Shares to meet the PDMR's
liability to income tax and employee national insurance arising on
the exercise of the option.
Following the transaction, Mr. Hawley will have a beneficial
holding of 172,483 Ordinary Shares which represents 0.297% of the
current issued share capital and Mr. Holt will have a beneficial
holding of 137,181 Ordinary Shares which represents 0.236% of the
current issued share capital.
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 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) 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 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 Exercise of a nominal cost option
i o n 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 vested shares
number, cash in lieu of such shares).
--------------------------- ------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
GBP6.96 6,960 (settled
in part by
the transfer
of 3,688 ordinary
shares and
in part with
a cash payment
equal to market
value of 3,272
ordinary shares
to meet the
PDMR's liability
to income tax
and employee
national insurance
arising on
the exercise
of the option
over 6,960
shares)
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 1 December 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) 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 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 Exercise of a nominal cost option
i o n 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 vested shares
number, cash in lieu of such shares).
--------------------------- ------------------------------------------
c) Price(s) a n d vo l ume(s) Price(s) Vo l umes
GBP4.56 4,560 (settled
in part by
the transfer
of 2,416 ordinary
shares and
in part with
a cash payment
equal to market
value of 2,144
ordinary shares
to meet the
PDMR's liability
to income tax
and employee
national insurance
arising on
the exercise
of the option
over 4,560
shares)
--------------------------- ------------------------------------------
d) Aggregated information Not applicable - single transaction
- Aggregated volume
- Price
--------------------------- ------------------------------------------
e) Date of the transaction 2 December 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
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END
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December 15, 2020 05:50 ET (10:50 GMT)
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