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Directors' Dealings
RNS
|
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 /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 ofinstrument; (ii) each type of transaction;
(iii)
each date;
and
(iv) each placewhere transactions have been conducted
|
|
a)
|
Descriptionof the fina
n
cial instrume
nt
,
type
of ins
t
rument
|
Ordinary Shares of 0.1p each in Focusrite plc
|
|
Identification code
|
GB00BSBMW716
|
|
b)
|
Nature of t
h
e transact
i
o
n
|
Grant of a nominal cost option under the 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
- Aggregated volume
- Price
|
Not applicable - single transaction
|
|
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 /Amendment
|
Initial notification
|
|
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)
|
Descriptionof the fina
n
cial instrume
nt
,
type
of ins
t
rument
|
Ordinary Shares of 0.1p each in Focusrite plc
|
|
Identification code
|
GB00BSBMW716
|
|
b)
|
Nature of t
h
e transact
i
o
n
|
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
|
|
c)
|
Price(s) a
n
d
vo
l
ume(s)
|
|
Price(s)
|
Vo
l
umes
|
|
Nil
|
8,262
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single transaction
|
|
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 /Amendment
|
Initial notification
|
|
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)
|
Descriptionof the fina
n
cial instrume
nt
,
type
of ins
t
rument
|
Ordinary Shares of 0.1p each in Focusrite plc
|
|
Identification code
|
GB00BSBMW716
|
|
b)
|
Nature of t
h
e transact
i
o
n
|
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
|
|
c)
|
Price(s) a
n
d
vo
l
ume(s)
|
|
Price(s)
|
Vo
l
umes
|
|
Nil
|
7,715
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single transaction
|
|
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 /Amendment
|
Initial notification
|
|
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)
|
Descriptionof the fina
n
cial instrume
nt
,
type
of ins
t
rument
|
Ordinary Shares of 0.1p each in Focusrite plc
|
|
Identification code
|
GB00BSBMW716
|
|
b)
|
Nature of t
h
e transact
i
o
n
|
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
|
|
c)
|
Price(s) a
n
d
vo
l
ume(s)
|
|
Price(s)
|
Vo
l
umes
|
|
Nil
|
8,347
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single transaction
|
|
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 /Amendment
|
Initial notification
|
|
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)
|
Descriptionof the fina
n
cial instrume
nt
,
type
of ins
t
rument
|
Ordinary Shares of 0.1p each in Focusrite plc
|
|
Identification code
|
GB00BSBMW716
|
|
b)
|
Nature of t
h
e transact
i
o
n
|
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
|
|
c)
|
Price(s) a
n
d
vo
l
ume(s)
|
|
Price(s)
|
Vo
l
umes
|
|
Nil
|
6,705
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single transaction
|
|
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 /Amendment
|
Initial notification
|
|
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)
|
Descriptionof the fina
n
cial instrume
nt
,
type
of ins
t
rument
|
Ordinary Shares of 0.1p each in Focusrite plc
|
|
Identification code
|
GB00BSBMW716
|
|
b)
|
Nature of t
h
e transact
i
o
n
|
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
|
|
c)
|
Price(s) a
n
d
vo
l
ume(s)
|
|
Price(s)
|
Vo
l
umes
|
|
Nil
|
8,172
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single transaction
|
|
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 /Amendment
|
Initial notification
|
|
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)
|
Descriptionof the fina
n
cial instrume
nt
,
type
of ins
t
rument
|
Ordinary Shares of 0.1p each in Focusrite plc
|
|
Identification code
|
GB00BSBMW716
|
|
b)
|
Nature of t
h
e transact
i
o
n
|
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
|
|
c)
|
Price(s) a
n
d
vo
l
ume(s)
|
|
Price(s)
|
Vo
l
umes
|
|
Nil
|
7,968
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single transaction
|
|
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
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