FOCUSRITE PLC

Remuneration Information • Nov 26, 2018

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RNS Number : 5303I

Focusrite PLC

26 November 2018

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 21 November 2018 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	51,722
Jeremy Wilson	41,318
Damian Hawley	17,098
Tim Dingley	15,919
Giles Orford	12,758
Simon Holt	12,971

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 2018 to 31 August 2021. Fuller details of the performance condition shall be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2019.

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	51,722

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

21 November 2018

f)

Place of the transaction

Outside a trading venue

1

Details of the persons discharging managerial responsibilities I person closely associated

a)

Name

Jeremy Wilson

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)

Exercise Prices per share	Volumes
Nil	41,318

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

21 November 2018

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

Director of Global Marketing and Sales

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	17,098

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

21 November 2018

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

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)

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	15,919

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

21 November 2018

f)

Place of the transaction

Outside a trading venue

1

Details of the persons discharging managerial responsibilities I person closely associated

a)

Name

Giles Orford

2

Reason for the notification

a)

Position/status

Brand 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	12,758

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

21 November 2018

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	12,971

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

21 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
Freddy Crossley	+44 20 7886 2500
Erik Anderson	+44 20 7886 2500
Belvedere Communications
John West	+44 20 3567 0510
Kim Van Beeck	+44 20 3567 0510

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END

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