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FOCUSRITE PLC
Director's Dealing • Nov 19, 2021
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 0237T
Focusrite PLC
19 November 2021
Focusrite plc
("the Company" or "the Group")
Directors' Dealings
Grant of Share Options to PDMRs
Focusrite plc (AIM:TUNE), the global music and audio products company, announces that on 17 November 2021 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 | 18,247 |
| Sally McKone | 14,311 |
| Damian Hawley | 4,923 |
| Tim Dingley | 4,923 |
| Simon Holt | 4,307 |
| Greg Westall | 5,021 |
| Christian Hellinger | 4,996 |
| Dom Harter | 5,046 |
| David Gibbons | 5,396 |
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 2021 to 31 August 2024. Fuller details of the performance condition shall be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2022.
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)
Name
Tim Carroll
2
Reason for the notification
a)
Position/status
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)
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
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volumes |
| Nil | 18,247 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the persons discharging managerial responsibilities I person closely associated
a)
Name
Sally McKone
2
Reason for the notification
a)
Position/status
Chief Financial 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)
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
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volumes |
| Nil | 14,311 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the persons discharging managerial responsibilities I person closely associated
a)
Name
Damian Hawley
2
Reason for the notification
a)
Position/status
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)
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
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volumes |
| Nil | 4,923 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the persons discharging managerial responsibilities I person closely associated
a)
Name
Tim Dingley
2
Reason for the notification
a)
Position/status
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)
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
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volumes |
| Nil | 4,923 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the persons discharging managerial responsibilities I person closely associated
a)
Name
Simon Holt
2
Reason for the notification
a)
Position/status
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)
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
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volumes |
| Nil | 4,307 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the persons discharging managerial responsibilities I person closely associated
a)
Name
Greg Westall
2
Reason for the notification
a)
Position/status
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)
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
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volumes |
| Nil | 5,021 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the persons discharging managerial responsibilities I person closely associated
a)
Name
Christian Hellinger
2
Reason for the notification
a)
Position/status
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)
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
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volumes |
| Nil | 4,996 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the persons discharging managerial responsibilities I person closely associated
a)
Name
Dom Harter
2
Reason for the notification
a)
Position/status
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)
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
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volumes |
| Nil | 5,046 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
f)
Place of the transaction
Outside a trading venue
1
Details of the persons discharging managerial responsibilities I person closely associated
a)
Name
David Gibbons
2
Reason for the notification
a)
Position/status
Sequential 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)
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)
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
Grant of a nominal cost option under the Focusrite plc Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volumes |
| Nil | 5,396 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - single transaction
e)
Date of the transaction
17 November 2021
f)
Place of the transaction
Outside a trading venue
-ends-
Enquiries:
For further information contact:
| Focusrite plc | +44 (0) 149 446 2246 |
| Tim Carroll, Chief Executive Officer | |
| Sally McKone, Chief Financial Officer | |
| Investec Bank plc (Nominated Adviser and Joint Broker) | +44 (0) 20 7597 5970 |
| David Flin | |
| William Brinkley | |
| Charlotte Young | |
| Peel Hunt LLP (Joint Broker) | +44 (0) 20 7418 8900 |
| Edward Knight | |
| Michael Burke | |
| James Smith | |
| Belvedere Communications | +44 (0) 20 3687 2756 |
| John West | |
| Llew Angus |
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Notes to Editors
Focusrite plc is a global audio products group that develops and markets proprietary hardware and software products. Used by audio professionals and musicians, its solutions facilitate the high-quality production of recorded and live sound. The Focusrite Group trades under eight established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio and Sequential.
With a high-quality reputation and a rich heritage spanning decades, its brands are category leaders in the music-making and audio recording industries. Focusrite and Focusrite Pro offer audio interfaces and other products for recording musicians, producers and professional audio facilities. Novation and Ampify products are used in the creation of electronic music, from synthesisers and grooveboxes to industry-shaping controllers and inspirational music-making apps. ADAM Audio studio monitors have earned a worldwide reputation based on technological innovation in the field of studio loudspeaker technology. Martin Audio designs and manufactures performance-ready systems across the spectrum of sound reinforcement applications. Sequential designs and manufactures high end analogue synthesizers.
The Focusrite Group has offices in four continents and a global customer base with a distribution network covering approximately 160 territories.
Focusrite plc is traded on the AIM market, London Stock Exchange.
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