REG - Foxtons Group PLC - Director/PDMR Shareholding

FoxtonsAnnouncement

02/04/2024 15:15

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RNS Number : 0190J  Foxtons Group PLC  02 April 2024

2 April 2024

Foxtons Group plc

("the Company")

 

Grant of Salary Substitute Restricted Share 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. The Executive Directors, Guy Gittins and Chris Hough, have
each voluntarily exchanged 10% of their cash salary for the equivalent value
in Salary Substitute Restricted Share Awards. These Awards are therefore being
made to satisfy the Executive Directors' Salary Substitute Restricted Share
Awards.

 

                                       % of salary exchanged  No of Ordinary Shares under RSP Award

 Name         Position                                                                               Option Price
 Guy Gittins  Chief Executive Officer  10%                    87,640                                 £Nil
 Chris Hough  Chief Financial Officer  10%                    51,310                                 £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.

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  Ordinary shares of £0.01 each

     Identification code

                                                                    GB00BCKFY513
 b)  Nature of transaction                                        Grant of nil cost option of Salary Substitute Restricted Share Awards under
                                                                  The Foxtons Group plc 2020 Restricted Share Plan
 c)  Price(s) and volume(s)                                       Price(s)                                Volume(s)
                                                                  Nil                                     87,640
 d)  Aggregated information

     -      Aggregated volume                                      N/A single transaction

     -      Price
 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  +44 (0)1392 477 500

 Muhammad Patel, Investor Relations               +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  Ordinary shares of £0.01 each

     Identification code

                                                                    GB00BCKFY513
 b)  Nature of transaction                                        Grant of nil cost option of Salary Substitute Restricted Share Awards under
                                                                  The Foxtons Group plc 2020 Restricted Share Plan
 c)  Price(s) and volume(s)                                       Price(s)                                Volume(s)
                                                                  Nil                                     51,310
 d)  Aggregated information

     -      Aggregated volume                                      N/A single transaction

     -      Price
 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  +44 (0)1392 477 500

 Muhammad Patel, Investor Relations               +44 (0)20 7893 6261

 

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