Source - LSE Regulatory
RNS Number : 0189J
Foxtons Group PLC
02 April 2024
 

2 April 2024

Foxtons Group plc

("the Company")

 

Grant of Awards under The Foxtons Group plc 2020 Restricted Share Plan

 

Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

 

On 2 April 2024, the following awards were granted over the Company's Ordinary £0.01 shares under The Foxtons Group plc 2020 Restricted Share Plan ("RSP") to certain directors / persons discharging managerial responsibility ("PDMRs") of the Company. These Awards are in respect of the annual Restricted Share Plan grant as set out in the Remuneration Policy approved by shareholders.

 

Name

 

Position

Number of Ordinary Shares under RSP Award

Option Price

Guy Gittins

Chief Executive Officer

876,404

£Nil

Chris Hough

Chief Financial Officer

384,831

£Nil

 

No consideration was paid for the grant of the RSP Awards which are structured as nil cost options. The number of Ordinary Shares granted under each RSP Award has been calculated using an Ordinary Share price of 53.4 pence per share being the average of the closing share prices over the three Dealing Days preceding the date of grant.

The normal vesting date of the RSP Awards will be 2 April 2027, being the third anniversary of the award date. Once vested, the RSP Awards will normally be exercisable until the day before the tenth anniversary of the award date. The RSP Awards are subject to a two-year holding period commencing on vesting.

The RSP Awards will ordinarily vest after three years subject to the grantee's continued service and a discretionary underpin that allows the Remuneration Committee to make adjustments to the level of vesting if the Committee believes due to business performance, individual performance or wider Company considerations that the vesting should be adjusted.

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation

 

For further information contact:

Foxtons Group plc

Muhammad Patel, Investor Relations

+44 (0)20 7893 6261

investor@foxtonsgroup.co.uk

 

 

 

 

 

Foxtons Group plc

("the Company")

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Guy Gittins

2

Reason for the notification

a)

Position/status

CEO

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Foxtons Group plc

b)

LEI

5493001HCMG6R1MYKC59

 

4

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of £0.01 each

 

  GB00BCKFY513

b)

Nature of transaction

Grant of nil cost option under the Foxtons Group plc 2020 Restricted Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)



nil

876,404

d)

Aggregated information

-      Aggregated volume

-      Price

 

 N/A single transaction

 

e)

Date of the transaction

 02 April 2024

f)

Place of the transaction

 XLON

 

For further information contact:

 

Foxtons Group plc


Link Company Matters Limited, Company Secretary

Muhammad Patel, Investor Relations

+44 (0)1392 477 500

+44 (0)20 7893 6261

 

 

 

Foxtons Group plc

("the Company")

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Chris Hough

2

Reason for the notification

a)

Position/status

CFO

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Foxtons Group plc

b)

LEI

5493001HCMG6R1MYKC59

 

4

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

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of £0.01 each

 

  GB00BCKFY513

b)

Nature of transaction

Grant of nil cost option under the Foxtons Group plc 2020 Restricted Share Plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)



nil

384,831

d)

Aggregated information

-      Aggregated volume

-      Price

 

 N/A single transaction

 

e)

Date of the transaction

 02 April 2024

f)

Place of the transaction

 XLON

 

For further information contact:

 

Foxtons Group plc


Link Company Matters Limited, Company Secretary

Muhammad Patel, Investor Relations

+44 (0)1392 477 500

+44 (0)20 7893 6261

 

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