TIDMTUNE

RNS Number : 7089J

Focusrite PLC

23 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 21 December 2020 Tim Dingley, a Person Discharging Managerial Responsibilities ("PDMRs"), exercised a nominal cost option over 6,480 Ordinary Shares granted to him 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 3,434 Ordinary Shares and in part with a cash payment equal to market value of 3,046 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. Dingley will have a beneficial holding of 238,035 Ordinary Shares which represents 0.41% 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                       Tim Dingely 
     ---------------------------  ------------------------------------------ 
 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)   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 
                                         GBP6.48   6,480 (settled 
                                                    in part by 
                                                    the transfer 
                                                    of 3,434 ordinary 
                                                    shares and 
                                                    in part with 
                                                    a cash payment 
                                                    equal to market 
                                                    value of 3,046 
                                                    ordinary shares 
                                                    to meet the 
                                                    PDMR's liability 
                                                    to income tax 
                                                    and employee 
                                                    national insurance 
                                                    arising on 
                                                    the exercise 
                                                    of the option 
                                                    over 6,480 
                                                    shares) 
     ---------------------------  ------------------------------------------ 
 d)    Aggregated information      Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      21 December 2020 
     ---------------------------  ------------------------------------------ 
 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 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     Transfer of shares to Janice Dingely 
       i o n                        (spouse) for nil consideration 
     ---------------------------  ------------------------------------------ 
 c)   Price(s) a n d vo l ume(s)     Price(s)    Vo l umes 
                                         Nil      3,434 
                                                 ---------- 
     ---------------------------  ------------------------------------------ 
 d)    Aggregated information      Not applicable - single transaction 
        - Aggregated volume 
        - Price 
     ---------------------------  ------------------------------------------ 
 e)   Date of the transaction      21 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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December 23, 2020 07:08 ET (12:08 GMT)