FOCUSRITE PLC

Remuneration Information • May 14, 2020

National Storage Mechanism | Additional information

RNS Number : 8339M

Focusrite PLC

14 May 2020

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 13 May 2020 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
Christian Hellinger	11,637
Dom Harter	12,315

The options will ordinarily vest on 23 December 2022, 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 2019 to 31 August 2022. Fuller details of the performance condition will be set out in the Company's Directors' Remuneration Report for the year ending 31 August 2020.

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

Christian Hellinger

2

Reason for the notification

a)

Position/status

Chief Executive Officer, ADAM Audio GmbH

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	11,637

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

13 May 2020

f)

Place of the transaction

Outside a trading venue

1

Details of the persons discharging managerial responsibilities I person closely associated

a)

Name

Dominic Harter

2

Reason for the notification

a)

Position/status

Managing Director, Martin Audio

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	12,315

d)

Aggregated information

- Aggregated volume 

- Price 

Not applicable - single transaction

e)

Date of the transaction

13 May 2020

f)

Place of the transaction

Outside a trading venue

-ends-

Enquiries:

Focusrite Plc:	+44 1494 836301
Tim Carroll (CEO)
Jeremy Wilson (CFO)
Panmure Gordon	+44 20 7886 2500
(Nominated Adviser and Broker)
Freddy Crossley Erik Anderson
Belvedere Communications	+44 74 070 23147
John West
Llew Angus

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