FOXT Foxtons Group Plc

TIDMFOXT

RNS Number : 0800J

Foxtons Group PLC

14 August 2019

14 August 2019

Foxtons Group Plc

("the Company")

The following notification made under article 19.1 of the Market Abuse Regulation ("MAR") relates to the Foxtons Group plc Share Option Plan. This announcement is made in accordance with Article 19.3 of MAR.

 
1     Details of the person discharging managerial responsibilities/person closely associated 
a)    Name                                   Richard Harris 
2     Reason for the notification 
a)    Position/status                        PDMR (Executive Director) 
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           Ordinary shares of GBP0.01 each 
      instrument, type of instrument 
      Identification code 
                                              GB00BCKFY513 
b)    Nature of transaction                 Grant of share options under the Foxtons Group Share Option Plan. 
                                            Awards are granted with an exercise price equal to the share price at 
                                            grant (52.38p) less 
                                            cumulative dividends per share between grant and exercise. 
                                            Earliest exercise 5 years after grant. 10 year life option. Awards will 
                                            normally only be exercised 
                                            if at the end of the performance period the Company's 5-year TSR has met a 
                                            minimum vesting 
                                            threshold, with 25% of awards vesting for TSR of 10% per annum and full 
                                            vesting for TSR of 
                                            16% per annum or more. 
c)    Price(s) and volume(s)                 Price(s)                              Volume(s) 
                                             52.38p                                300,000 
d)    Aggregated information 
       - Aggregated volume                     N/A (Single transaction) 
       - Price 
e)    Date of the transaction                13 August 2019 
f)    Place of the transaction               Outside a trading venue 
 

For further information contact:

Foxtons Group plc

Muhammed Patel

Investor Relations Manager

+44 (0)20 7893 6484

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 14, 2019 09:41 ET (13:41 GMT)

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