Director/PDMR Shareholding

RNS Number : 1160N

Foxtons Group PLC

15 May 2020

 

15 May 2020

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 13 May 2020, 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.

Name	Status	Number of Ordinary Shares under RSP Award	Option Price
Nic Budden	Chief Executive Officer	1,404,885	£Nil
Richard Harris	Chief Financial Officer	555,144	£Nil
Patrick Franco	Chief Operating Officer	555,144	£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 40.53 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 13 May 2023, 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.  This will include consideration of all relevant factors, including any windfall gains.

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

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nic Budden
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 Identification code	Ordinary shares of Foxtons Group plc 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 1,404,885
d)	Aggregated information -  Aggregated volume -  Price	N/A single transaction
e)	Date of the transaction	13 May 2020
f)	Place of the transaction	XLON

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Richard Harris
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 Identification code	Ordinary shares of Foxtons Group plc 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 555,144
d)	Aggregated information -  Aggregated volume -  Price	N/A single transaction
e)	Date of the transaction	13 May 2020
f)	Place of the transaction	XLON
1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Patrick Franco
2.	Reason for the notification
a)	Position / status	COO
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 Identification code	Ordinary shares of Foxtons Group plc 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 555,144
d)	Aggregated information -  Aggregated volume -  Price	N/A single transaction
e)	Date of the transaction	13 May 2020
f)	Place of the transaction	XLON

For further information contact:

Foxtons Group plc

Muhammed Patel, Investor Relations

[phone]

[e-mail]

 

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