RNS Number : 1739H
Focusrite PLC
01 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 25 November 2020 Tim Carroll, being a Person Discharging Managerial Responsibilities ("PDMRs"), exercised a nominal cost option over 70,176 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 option was settled in part by the transfer of 37,193 ordinary shares and in part with a cash payment equal to market value of 32,983 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 Carroll will have a beneficial holding of 62,384 Ordinary Shares which represents 0.107% 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 Carroll
|
2
|
Reason for the notification
|
a)
|
Position
/
st
a
tus
|
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)
|
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)
|
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
|
Exercise of a nominal cost option 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
|
£70.18
|
70,176 (settled in part by the transfer of 37,193 ordinary shares and in part with a cash payment equal to market value of 32,983 ordinary shares to meet the PDMR's liability to income tax and employee national insurance arising on the exercise of the option over 70,176 shares)
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single transaction
|
e)
|
Date of the transaction
|
25 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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHTBBATMTIMBFM
|