Business
PDMR Dealings - amendment
PDMR Dealings - amendment.
About this update from Focusrite Plc
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 FOCUSRITE PLC 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) N a me Tim Dingley 2 Reason for the notification a) Position / s t a tus 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 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 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) a n d v o l ume(s) Price(s) V o l umes £ 15.92 15,919 (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 over 15,919 shares ) 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 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 Transfer of shares to Janice Dingley (spouse) for nil consideration c) Price(s) a n d v o l ume(s) Price(s) V o l umes Nil 8,437 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 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy . END