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FOCUSRITE PLC

Director's Dealing Nov 24, 2016

7648_dirs_2016-11-24_e6f665b0-f895-46fb-88ab-b22565a9e645.html

Director's Dealing

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RNS Number : 1214Q

Focusrite PLC

24 November 2016

For immediate release: 24 November 2016

Focusrite Plc

("the Company")

Directors' Dealings

Focusrite Plc (AIM:TUNE), the global music and audio products company, was notified today that Dave Froker, retiring CEO of the Company, sold 1,051,999 Ordinary Shares of 0.1 pence each ("Ordinary Shares") in the Company at a price of 177 pence per Ordinary Share (the "Sale").

Simultaneously, Mr Froker has purchased 619,000 Ordinary Shares via the exercise of Share Options at a price of 10.3 pence per share.

He now holds 619,001 Ordinary Shares, representing 1.066% of the total voting rights of the Company being 58,075,000 ordinary shares.

As previously announced Mr Froker will be stepping down from his position as CEO at the end of December 2016.

1 Details of the person discharging managerial responsibilities / person closely associated
a) Names David Froker  - Chief Executive Officer
2 Reason for the notification
a) Position/status Classified as PDMRs of the Company
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 None
4 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 financial instrument, type of instrument Ordinary shares of 0.1pence each
b) Identification code GB00BSBMW716
c) Nature of the transaction On market sale
d) Price(s) and volume(s) Price - 177p

Volume - 1,051,999 shares
d) Aggregated information 

- Aggregated volume

- Price
n/a
e) Date of the transaction 24 November 2016
f) Place of the transaction XLON

- ends -

Enquiries:

Focusrite Plc:
Phil Dudderidge (Chairman) +44 1494 836301
Dave Froker (CEO) +44 1494 836301
Jeremy Wilson (CFO) +44 1494 836301
Panmure Gordon
Freddy Crossley +44 20 7886 2968
Tom Salvesen +44 20 7886 2904
Belvedere Communications
John West +44 20 3567 0510
Kim Van Beeck +44 20 3567 0510

This information is provided by RNS

The company news service from the London Stock Exchange

END

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