Focusrite plc, a global music and audio products company, has announced the grant of share options to certain persons discharging managerial responsibilities (PDMRs) of the company. The options were granted under the company's Performance Share Plan and are subject to vesting conditions and ongoing employment with the company's group. The options will vest on the third anniversary of the grant date, subject to the Remuneration Committee's determination of the performance condition and the individual's employment status. The performance condition measures the company's adjusted earnings per share for the period from September 1, 2023, to August 31, 2026. Once vested, the options will remain exercisable until the tenth anniversary of the grant date.
The PDMRs who were granted share options and the number of shares under option are as follows:
- Tim Carroll: 84,956 shares
- Sally McKone: 60,458 shares
- Damian Hawley: 20,764 shares
- Tim Dingley: 20,764 shares
- Simon Holt: 17,980 shares
- Christian Hellinger: 18,975 shares
- Dom Harter: 20,207 shares
- David Gibbons: 23,327 shares
- Rodney Densham: 10,021 shares
The transactions were conducted on November 28, 2023, outside a trading venue, and the price of the options was nil.
This information is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.