FOCUSRITE PLC

Director's Dealing • Nov 22, 2017

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RNS Number : 2617X

Focusrite PLC

22 November 2017

Focusrite Plc

("the Company" or "the Group")

Focusrite Plc FY17 Discretionary Director Bonus (FY17 Bonus)

Director Share Dealings

Focusrite Plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that on 22 November 2017 it issued 9,173 ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") to Tim Carroll (CEO of the Company) and 27,466 Ordinary Shares to Jeremy Wilson (CFO of the Company) subject only to admission of such shares to trading on AIM ("Admission"). Accordingly, application has been made for 36,639 Ordinary Shares to be admitted to trading on AIM and it is expected that Admission will occur on 28 November 2017. The new Ordinary Shares will rank pari-passu with the existing Ordinary Shares.

A proportion of these shares has been sold to settle the resultant income tax and national insurance liabilities.  Consequently, Mr Carroll holds an aggregate of 9,173 Ordinary Shares, representing approximately 0.016 per cent of the Company's enlarged ordinary share capital and Mr Wilson holds an aggregate of 59,212 Ordinary Shares, representing approximately 0.102 per cent of the Company's enlarged ordinary share capital. Following Admission, the Company's issued share capital will comprise 58,111,639 Ordinary Shares, of which no Ordinary Shares are held in treasury. The total number of current voting rights in the Company following Admission will therefore be 58,111,639 Ordinary Shares.

The above figure of 58,111,639 may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

		Number of Ordinary Shares
Director	Ordinary Shares issued at election of Director under the FY17 Bonus	Matching Ordinary Shares issued under the FY17 Bonus	Ordinary Shares sold to satisfy tax liabilities	Retained
Tim Carroll	4,586	4,586	4,423	4,750
Jeremy Wilson	13,733	13,733	13,241	14,225

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)

Name

Tim Carroll

2

Reason for the notification

a)

Position/status

classified as PDMR 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

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)

Description of the financial instrument, type of instrument

Ordinary Shares of 0.1p each

Identification code

GB00BSBMW716

b)

Nature of the transaction

·     1. Shares acquired

·     2. Shares sold to satisfy tax liabilities

c)

Price(s) and volume(s)

Prices per share	Volumes Acquired	Volumes Sold
1) 0.1p 2) 307p	9,173 -	- 4,423

d)

Aggregated information

- Aggregated volume 

- Price 

Aggregated price of shares acquired: £ 28,666.66

Aggregated price of shares sold: £ 13,578.61

e)

Date of the transaction

22 November 2017

f)

Place of the transaction

London Stock Exchange - XLON

1

Details of the persons discharging managerial responsibilities I person closely associated

a)

Name

Jeremy Wilson

2

Reason for the notification

a)

Position/status

classified as PDMR 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

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)

Description of the financial instrument, type of instrument

Ordinary Shares of 0.1p each

Identification code

GB00BSBMW716

b)

Nature of the transaction

·     1. Shares acquired

·     2. Shares sold to satisfy tax liabilities

c)

Price(s) and volume(s)

Prices per share	Volumes Acquired	Volumes Sold
1) 0.1p 2) 307p	27,466 -	- 13,241

d)

Aggregated information

- Aggregated volume 

- Price 

Aggregated price of shares acquired: £ 85,831.25

Aggregated price of shares sold: £ 40,649.87

e)

Date of the transaction

22 November 2017

f)

Place of the transaction

London Stock Exchange - XLON

-ends-

Enquiries:

Focusrite Plc:
David Bezem (Non-executive Director and Remuneration Committee Chairman)	+44 1494 462246
Mike Warriner (General Counsel)	+44 1494 462246

This information is provided by RNS

The company news service from the London Stock Exchange

END

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