For immediate release
An amendment has been made to the RNS announcement number 8706T released on 29 November 2021 at 09:48:53.
The following correction has been made to Tim Dingley's total shareholding in the fourth paragraph.
The text now reads:
"Following the transaction:
Mr. Dingley will have a beneficial holding of 246,472 Ordinary Shares which represents 0.42% of the current issued share capital."
All other details remain unchanged. The full amended text is show below.
PDMR Dealings
Released 09:48:53 29 November 2021
RNS Number : 8706T
Focusrite PLC
29 November 2021
Focusrite plc
("the Company" or "the Group")
PDMR Dealings
Settlement 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 25 November 2021 Tim Dingley, a Person Discharging Managerial Responsibilities ("PDMRs"), exercised nominal cost options over 15,919 shares granted to him under the Company's Performance Share Plan and acquired ordinary shares of 0.1p each in the Company.
The option was granted on 21 November 2018 and became vested and exercisable as from 22 November 2021.
The exercise of the option was settled in part by the transfer of 8,437 ordinary shares and in part with a cash payment equal to market value of 7,482 ordinary shares to meet the PDMR's liability to income tax and employee national insurance arising on the exercise of the option.
Following the transaction:
Mr. Dingley will have a beneficial holding of 246,472 Ordinary Shares which represents 0.42% of the current issued share capital.
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 | 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) | LEI | 213800JJ51KA4LOTF736 | ||||
| 4A | 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 vested shares number, cash in lieu of such shares). | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 25 November 2021 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 4B | 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 | Transfer of shares to Janice Dingley (spouse) for nil consideration | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Not applicable - single transaction | ||||
| e) | Date of the transaction | 25 November 2021 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
-ends-
| Focusrite plc: | |
| Tim Carroll (CEO) | +44 1494 462246 |
| Sally McKone (CFO) | +44 1494 462246 |
| | |
| 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 | |
| John West | +44 20 3687 2753 |
| Llew Angus | +44 20 3687 2754 |
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