### Overview of the Company
The global music and audio products company, Focusrite plc (AIM:TUNE), announced on 11 April 2025, that it granted option awards to certain key personnel under its Performance Share Plan. ### Details of the Grants
The company awarded options with a nominal cost of 0.1p each, to certain persons discharging managerial responsibilities (“PDMRs”) of the Company. These awards will vest in April 2028, subject to the Remuneration Committee’s assessment of the Company’s adjusted earnings per share growth from 1 September 2024 to 29 February 2028. • The awards are based on the Company’s performance condition, which is set out in the Directors’ Remuneration Report for the financial period ending 28 February 2026. • The awards will also be subject to a discretionary underpin condition, which will be assessed by the Remuneration Committee. ### Benefits of the Grants
The grant of options to PDMRs can have several benefits, including:
• Encouraging long-term commitment from key personnel
• Aligning the interests of PDMRs with those of the shareholders
• Motivating PDMRs to achieve specific performance targets
### Key Points
| Key Point | Details |
|---|---|
| Vesting Date | April 2028 |
| Performance Condition | Adjusted earnings per share growth from 1 September 2024 to 29 February 2028 |
| Underpin Condition | Discretionary assessment by the Remuneration Committee |
### Impact on the Company
The grant of options to PDMRs can have a positive impact on the company, as it:
• Encourages long-term commitment from key personnel
• Aligns the interests of PDMRs with those of the shareholders
• Motivates PDMRs to achieve specific performance targets
### Conclusion
The grant of options to PDMRs is a common practice in the industry, and Focusrite plc’s decision to grant options under its Performance Share Plan is a strategic move to align the interests of key personnel with those of the shareholders. The performance condition and underpin condition ensure that the awards are tied to specific performance targets, providing a clear incentive structure for the PDMRs. ### Focusrite plc: A Global Audio Products Group
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 company’s brands are category leaders in the music-making and audio recording industries. • 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. • The company has offices in four continents and a global customer base with a distribution network covering approximately 240 territories. ### Highlights
Focusrite plc is a leading global audio products company with a high-quality reputation and a rich heritage spanning decades. Its brands are known for their innovative products and exceptional quality, making it a trusted name in the audio industry. The company’s commitment to excellence and its focus on delivering high-quality products have earned it a loyal customer base and a strong presence in the global market.
