Focusrite
plc
("the
Company" or "the Group")
Focusrite
plc FY24 Discretionary Directors Bonus (FY24 Bonus)
Director
Share Dealings
Focusrite plc (AIM:TUNE), the global
music and audio products company that trades under the Focusrite
and Novation brands, announces that on 4 December 2024
it awarded ordinary shares of 0.1p each in the capital of the
Company ("Shares") to Tim
Carroll, Group CEO of the Company and Sally McKone, Group CFO of
the Company (each Persons Discharging Managerial Responsibilities
("PDMRs")), as listed
below.
The Shares were awarded to the PDMRs as part of
the Company's annual bonus arrangements for the 2024 financial
year. Each PDMR elected to convert a portion of their annual bonus
into Shares, and in return received an award of further Shares on a
1:1 basis.
Neither PDMR may ordinarily sell, transfer,
assign or dispose of the Shares for a period of two
years.
The award of the shares was settled
in part by the transfer of ordinary shares and in part with a cash
payment equal to the market value of the ordinary shares to meet the awardee's liability to income tax
and employee national insurance arising on award of the bonus
shares.
|
Awardee
|
Number of
Shares Awarded
|
Number of Shares Transferred to Awardee
|
Number of Shares Representing Awardee's Tax and NI
Liability
|
|
Tim Carroll
|
4,000
|
2,120
|
1,880
|
|
Sally McKone
|
27,167
|
14,398
|
12,769
|
Following the award:
Mr. Carroll's beneficial holding is
102,952 Ordinary Shares in the Company representing 0.17% of the
total number of shares in the Company; and
Ms McKone's beneficial holding is
48,928 Ordinary Shares in the Company representing 0.08% of the
total number of shares in the Company.
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
|
Group 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
|
Acquisition of shares pursuant to Focusrite
plc's annual bonus arrangements for the 2024 financial
year
|
|
c)
|
Price(s) and volume(s)
|
|
Prices per share
|
Volumes
Acquired
|
|
Nil
|
2,120
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single transaction
|
|
e)
|
Date of the transaction
|
4 December 2024
|
|
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
|
Group 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)
|
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
|
Acquisition of shares pursuant to Focusrite
plc's annual bonus arrangements for the 2021 financial
year
|
|
c)
|
Price(s) and volume(s)
|
|
Prices per share
|
Volumes
Acquired
|
|
Nil
|
14,398
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single transaction
|
|
e)
|
Date of the transaction
|
4 December 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
-ends-
Enquiries:
|
Focusrite plc
|
+44 (0) 1494 462246
|
|
Tim Carroll (CEO) / Sally McKone
(CFO)
|
|
|
Investec Bank plc (Nominated Adviser and Joint
Broker)
|
+44 (0) 20 7597 5970
|
|
David Flin / Nick
Prowting
|
|
|
Peel Hunt LLP (Joint Broker)
|
+44 (0) 20 7418 8900
|
|
Ben Cryer / Adam Telling
|
|
|
Rosewood (Financial PR)
|
+44 (0) 20 7653
8702
|
|
John West / Llewellyn Angus / Lily
Pearce
|
|
|
|
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 thirteen established
brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio,
Martin Audio, Optimal Audio, Linea Research Sequential, Oberheim,
Sonnox, OutBoard and TiMax.
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 synthesizers 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. Linea
designs, develops, manufactures and sells market innovative
professional audio equipment globally. Sequential designs and
manufactures high end analogue synthesizers under the Sequential
and Oberheim brands. Sonnox is a leading designer of innovative,
high-quality, award-winning audio processing software plug-ins for
professional audio engineers. TiMax specialises in innovative
immersive audio and show control technologies. OutBoard
manufactures and sells industry standard rigging control products
for live events, together with enterprise-level safety test,
preparation and quality management for global rental companies and
venues.
The Company has offices in four
continents and a global customer base with a distribution network
covering approximately 240 territories.
Focusrite plc is traded on the AIM
market, London Stock Exchange.
