Business
Issue of Management Shares
Issue of Management Shares.
About this update from Focusrite Plc
Focusrite plc ( " the Company" or " the Group") Issue of Management Shares Focusrite plc (AIM: TUNE), the global music and audio products company supplying hardware and software used by professional and amateur musicians and the entertainment industry, announces the issue of the second tranche of 4,029 management share awards to Sally McKone, the Company's Chief Financial Officer. As set out in the Company's announcement of 18 May 2021, such awards were made as compensation for certain incentive arrangements which she forfeited or was otherwise not awarded on leaving her former employer to join the Group. The shares, to be issued from the Company's Employee Benefit Trust were determined by the Company's Remuneration Committee and approved by the Board. The Company will cash settle the resulting tax and National Insurance elements. Accordingly, Ms McKone will be awarded a net holding of 2,136 shares. Following the award, Ms McKone will have a beneficial holding of 3,819 shares, being 0.006% of the issued ordinary share capital of 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) N a me Sally McKone 2 Reason for the notification a) Position / s t a tus 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 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 fin a n cial instrum e n t , type of in s t rument Ordinary Shares of 0.1p each in Focusrite plc Identification code GB00BSBMW716 b) Nature of t h e transac t i o n Issue of shares ordinary shares from EBT of 0.1p each in Focusrite plc. c) Price(s) a n d v o l ume(s) Price(s) V o l umes Nil cost 4,029 ( settled in part by the transfer of 2,136 ordinary shares and in part with a cash payment equal to market value of 1,89 3 ordinary shares to meet the PDMR's liability to income tax and employee national insurance arising on the issue of 4,029 shares ) d) Aggregated information - Aggregated volume - Price Not applicable - single transaction e) Date of the transaction 20 June 2022 f) Place of the transaction Outside a trading venue - Ends - Enquiries: Focusrite plc +44 (0) 149 446 2246 Tim Carroll, Chief Executive Officer Sally McKone, Chief Financial Officer 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 +44 (0) 20 3687 2756 John West Llew Angus 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 nine established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio, Linea and Sequential. 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 synthesisers 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. The Focusrite Group 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.