Focusrite PLC Share issuance to EBT
RNS Number : 7357J
24 December 2020
Strictly embargoed until 07.00, 24 December 2020
( " the Company" or " the Group")
Share issuance to EBT
Focusrite plc (AIM: TUNE), the global music and audio products
company supplying hardware and software used by professional and
amateur musicians and the entertainment industry, gives the
following update on a share issuance of New Ordinary Shares of 0.1
pence each directly to the Company's Employee Benefit Trust
The Company intends to issue 550,000 New Ordinary Shares at
their par value to the EBT. The New Ordinary Shares are intended to
be used by the EBT to satisfy options vesting in future years.
Accordingly, on 23 December 2020, the Company allotted the New
Ordinary Shares to the EBT and such shares will rank pari passu in
all respects with the existing ordinary shares of the Company. It
is anticipated that the New Ordinary Shares will be admitted to
trading on AIM on or around 31 December 2020 ("Admission").
Following Admission, the Company's issued share capital will
comprise 58,661,639 Ordinary Shares, of which 734,601 Ordinary
Shares will be held by the EBT. The Company does not hold any
shares in treasury.
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
Belvedere Communications +44 20 3687 2756
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 music and audio products group that
develops and markets proprietary hardware and software products.
Used by recording professionals and musicians alike, 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
The Focusrite Group has a global customer base with a
distribution network covering approximately 160 territories. Both
Focusrite and Martin Audio are 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 has
a US subsidiary, based in Los Angeles.
Focusrite plc is traded on the AIM market, London Stock
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(END) Dow Jones Newswires
December 24, 2020 02:00 ET (07:00 GMT)