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LONDON - Focusrite plc (AIM:TUNE), a global music and audio products company, has announced the grant of share options to its key management personnel under the company’s Performance Share Plan. The grants, which took place on Monday, involve nominal cost option awards over ordinary shares and are intended to vest in April 2028, subject to certain performance conditions and ongoing employment.
The performance share awards are contingent on the company’s adjusted earnings per share growth from September 1, 2024, to February 29, 2028. The restricted share awards also have a discretionary performance underpin that will be assessed by the Remuneration Committee. The full details of these conditions will be disclosed in the company’s Directors’ Remuneration Report for the financial period ending February 28, 2026.
Among those receiving the share options are Damian Hawley, Chief Revenue Officer, and Tim Dingley, Managing Director of Focusrite Novation, who each were awarded options for 27,722 performance shares and 13,861 restricted shares. Similarly, Christian Hellinger, CEO of ADAM Audio, David Gibbons, CEO of Sequential, Simon Holt, Engineering Director at Focusrite Novation, and Dom Harter, Managing Director of Martin Audio, received varying numbers of share options under the same plan.
The granted options will remain exercisable until the tenth anniversary of the grant date, with specific provisions for US-taxed grantees. The transactions were conducted outside a trading venue and involved a nominal cost per option of £0.001.
The grant of these options represents Focusrite’s commitment to aligning the interests of its leadership team with those of its shareholders, by incentivizing the achievement of long-term performance goals. This news is based on a press release statement from Focusrite plc.
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