FOCUSRITE PLC

Director's Dealing • Dec 4, 2018

National Storage Mechanism | Additional information

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RNS Number : 3009J

Focusrite PLC

04 December 2018

Focusrite plc

("the Company" or "the Group")

PDMR Dealings

Exercise of Share Options

Focusrite plc (AIM:TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that on 29 November 2018 Tim Dingley, a Person Discharging Managerial Responsibilities ("PDMR"), exercised nominal cost options granted to him under the Company's Performance Share Plan and acquired ordinary shares of 0.1p each in the Company.

The award was granted on 16 December 2015 and vested on 20 November 2018. The number of shares in respect of which the award could be exercised was determined by reference to the extent to which a performance condition measuring growth in the Company's Adjusted Profit was met.

The exercised award was settled in cash to the extent needed to cover the PDMR's liability to income tax and employee national insurance arising on the exercise of their award. The shares acquired by the PDMR represents the balance of their award.

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 Dingley

2

Reason for the notification

a)

Position/status

Operations 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)

LEI

213800JJ51KA4LOTF736

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 0.1p each in Focusrite plc

Identification code

GB00BSBMW716

b)

Nature of the transaction

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 acquired shares, cash in lieu of such shares).

c)

Price(s) and volume(s)

Price(s)	Volumes
£19.21	19,208 (of which, 9,028 were settled in cash in lieu of shares, and 10,180 were settled in shares)

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

29 November 2018

f)

Place of the transaction

Outside a trading venue

-ends-

Enquiries:

Focusrite plc:
Tim Carroll (CEO)	+44 1494 462246
Jeremy Wilson (CFO)	+44 1494 462246
Panmure Gordon (Nominated Adviser and Broker)
Freddy Crossley	+44 20 7886 2500
Erik Anderson	+44 20 7886 2500
Belvedere Communications
John West	+44 20 3687 2753
Kim Van Beeck	+44 20 3687 2757

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.

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