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.
|
Name
|
Position
|
% of salary
exchanged
|
No of Ordinary Shares under
RSP Award
|
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
Identification code
|
Ordinary shares of £0.01
each
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
-
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 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
-
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
|
