FOCUSRITE PLC

Remuneration Information • Nov 23, 2017

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RNS Number : 3533X

Focusrite PLC

23 November 2017

Focusrite Plc

("the Company" or "the Group")

Directors' Dealings

Grant of Share Options to Directors

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 126,240 options under the Company's Performance Share Plan to Tim Carroll, CEO of the Company and Jeremy Wilson, CFO of the Company as listed below.  The awards have a vesting date of 22 November 2020.

Director	Options granted
Tim Carroll	70,176
Jeremy Wilson	56,064

The performance measurement period is from 1 September 2017 to 31 August 2020 and the awards will vest subject to the rules of the Focusrite Plc Performance Share Plan and the Remuneration Committee's determination of the extent to which the performance conditions applicable to the award have been satisfied. Full details of these performance conditions are set out in the Company's Directors' Remuneration Report for the year ending 31 August 2017. Vested awards are exercisable until the tenth anniversary of the grant date, subject to the individual's ongoing employment. 

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

1.  Tim Carroll

3.  Jeremy Wilson

2

Reason for the notification

a)

Position/status

Directors 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

Option over Ordinary Shares of 0.1p each

Identification code

GB00BSBMW716

b)

Nature of the transaction

Grant of options pursuant to the Focusrite Plc Performance Share Plan

c)

Price(s) and volume(s)

Exercise Prices per share	Volumes
1.  0.1p 2.  0.1p	1.  70,176 2.  56,064

d)

Aggregated information

- Aggregated volume 

- Price 

Weighted average exercise price: 0.1p per share

Aggregated volume: 126,240

e)

Date of the transaction

22 November 2017

f)

Place of the transaction

Outside a trading venue

-ends-

Enquiries:

Focusrite Plc:
Phil Dudderidge (Executive Chairman)	+44 1494 462246
Jeremy Wilson (CFO)	+44 1494 462246
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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