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Focusrite plc announced on 14 February 2024 that non-executive director David Bezem transferred 3,968 ordinary shares to his spouse. This transaction occurred on 13 February 2024 for no consideration. Following the transfer, David Bezem retains a beneficial holding of 3,969 Ordinary Shares, representing 0.01% of the company's issued share capital.
| Date | 14 Feb 2024 |
| Time | 15:10:19 |
| Category | Director/PDMR dealings |
| ID | 1709D |
Draft: For immediate release
Focusrite plc
(the "Company" or the "Group")
Notification of PDMR Transactions
Focusrite plc (AIM: TUNE), the global music and audio products company, announces that a person closely associated with a Person Discharging Managerial Responsibilities (PDMR) completed the transfer of part of their beneficial interest in the Company on 13 February 2024.
David Bezem, a non-executive director, has transferred 3,968 ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") for no consideration to his spouse. Following the transaction, David Bezem will retain a beneficial holding of 3969 Ordinary Shares which represents 0.01% of the current issued share capital.
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1 |
Details of the persons discharging managerial responsibilities I person closely associated |
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a) |
Name |
David Bezem |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Focusrite plc |
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b) |
LEI |
213800JJ51KA4LOTF736 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary Shares of 0.1p each in Focusrite plc |
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Identification code |
GB00BSBMW716 |
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b) |
Nature of the transaction |
Transfer of 3,968 ordinary shares of 0.1p each in Focusrite plc |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transaction |
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e) |
Date of the transaction |
13 February 2024 |
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f) |
Place of the transaction |
London Stock Exchange |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary Shares of 0.1p each in Focusrite plc |
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Identification code |
GB00BSBMW716 |
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b) |
Nature of the transaction |
Receipt of shares of by a person closely associated with a Person Discharging Managerial Responsibilities |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transaction |
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e) |
Date of the transaction |
13 February 2024 |
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f) |
Place of the transaction |
London Stock Exchange |
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-ends-
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Enquiries: Focusrite plc |
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Tim Carroll (CEO) |
+44 1494 462246 |
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Sally McKone (CFO) |
+44 1494 462246 |
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Investec Bank plc (Nominated Adviser and Joint Broker) |
+44 (0) 20 7597 5970 |
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David Flin / William Brinkley / Edward Knight |
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Peel Hunt LLP (Joint Broker) |
+44 (0) 20 7418 8900 |
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David Flin / William Brinkley / Edward Knight |
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Belvedere Communications (Financial PR) |
+44 (0) 20 7653 8702 |
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John West / Llewellyn Angus / Lily Pearce |
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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.