The shares were awarded in 2020 and 2021, respectively.
The Story Behind the Award of Ordinary Shares
The award of ordinary shares to Tim Carroll and Sally McKone is a significant event in the history of Focusrite plc. To understand the context and implications of this event, it is essential to delve into the company’s background and the role of its executives.
Focusrite plc: A Brief Overview
Focusrite plc is a British multinational company that specializes in the design, manufacture, and distribution of professional audio equipment.
The awardee was required to pay the tax and insurance contributions within a specified period of time, usually 30 days, from the date of the award. The awardee was also required to provide the employer with a written statement of the amount of tax and insurance contributions paid within 30 days of the award.
Award of Shares and Payment of Taxes and Insurance
The award of shares to the awardee was a significant event, marking the culmination of a long and challenging process.
The Role of a Beneficial Holding
A beneficial holding refers to a situation where an individual or entity holds shares in a company, but does not have direct control or ownership of the shares. This can occur when a person or entity purchases shares in a company, but does not have the right to vote on company matters or receive dividends.
Key Characteristics of a Beneficial Holding
The Benefits of a Beneficial Holding
While beneficial holdings may seem restrictive, they can also offer several benefits, including:
Tim Carroll’s Beneficial Holding
Tim Carroll’s beneficial holding of 102,952 Ordinary Shares in the Company represents a significant portion of the company’s total shares outstanding. This holding provides Tim Carroll with a level of control and influence over the company, without the need for direct involvement in its operations.
Key Points About Tim Carroll’s Beneficial Holding
Focusrite has a long history of innovation, with a focus on delivering high-quality products that meet the needs of its customers.
A Brief History of Focusrite
Focusrite’s journey began in 1989, when it was founded by a group of audio professionals in the UK. The company’s early success was driven by its innovative approach to audio technology, which focused on delivering high-quality products that were both affordable and reliable. Over the years, Focusrite has continued to push the boundaries of audio innovation, introducing new products and technologies that have revolutionized the way audio professionals work.
Key Products and Innovations
The companies have collaborated on several projects, including the development of the Focusrite Scarlett series, which has become a popular choice for musicians and producers. The collaboration has resulted in the companies sharing knowledge and expertise, leading to the creation of innovative products that cater to the needs of electronic music creators.
The Collaboration Between Focusrite and Novation
The partnership between Focusrite and Novation has led to the creation of several innovative products that have revolutionized the music industry. One of the most notable collaborations is the development of the Focusrite Scarlett series, which has become a staple in the music industry.
Key Features of the Focusrite Scarlett Series
Benefits of Using the Focusrite Scarlett Series
Focusrite is a leading audio technology company with a rich history and diverse product portfolio.
A Global Leader in Audio Technology
Focusrite plc is a renowned audio technology company that has established itself as a leading player in the industry. With a presence that spans four continents, the company has managed to build a vast customer base and a network of distribution channels that cover nearly 240 territories worldwide.
A Brief History
The company’s history dates back to 1989, when it was founded by a group of entrepreneurs who shared a passion for audio technology. Initially, the company focused on developing and manufacturing high-quality audio equipment, including microphones, preamps, and mixers. Over the years, Focusrite has continued to innovate and expand its product range, introducing new and exciting technologies that have helped to shape the audio industry.
Key Products and Services
Focusrite’s product portfolio is diverse and extensive, catering to a wide range of customers and applications. Some of the company’s key products and services include:
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