Foxtons Group PLC Director/PDMR Shareholding (4711F)

TIDMFOXT

RNS Number : 4711F

Foxtons Group PLC

17 May 2017

17 May 2017

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                                  1. Nic Budden 
                                            2. Mark Berry 
    ------------------------------------  ---------------------------------------------------------------------------- 
2    Reason for the notification 
    ------------------------------------------------------------------------------------------------------------------ 
a)   Position/status                       1. PDMR 
                                            2. PDMR 
    ------------------------------------  ---------------------------------------------------------------------------- 
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         GB00BCKFY513 
     Identification code 
    ------------------------------------  ---------------------------------------------------------------------------- 
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 
                                          (105.667p) 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) 
    ------------------------------------  -------------------------------------  ------------------------------------- 
                                           1. 105.667p                            1. 6,500,000 
                                            2. 105.667p                            2. 2,150,000 
    ------------------------------------  -------------------------------------  ------------------------------------- 
d)   Aggregated information 
      - Aggregated volume                    N/A (Single transaction) 
      - Price 
    ------------------------------------  ---------------------------------------------------------------------------- 
e)   Date of the transaction               17 May 2017 
    ------------------------------------  ---------------------------------------------------------------------------- 
f)   Place of the transaction              Outside a trading venue 
    ------------------------------------  ---------------------------------------------------------------------------- 
 

For further information contact:

Foxtons Group plc

Jenny Matthews

Investor Relations Manager

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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May 17, 2017 12:10 ET (16:10 GMT)