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Share Name Share Symbol Market Type Share ISIN Share Description
Foxtons Group Plc LSE:FOXT London Ordinary Share GB00BCKFY513 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80 -2.22% 35.20 35.00 35.10 36.00 35.00 35.70 392,012 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 106.9 -8.8 -2.8 - 116

Foxtons Group PLC Director/PDMR Shareholding

15/05/2020 5:26pm

UK Regulatory (RNS & others)


Foxtons (LSE:FOXT)
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From May 2020 to Aug 2020

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TIDMFOXT

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 GBP0.01 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   Option Price 
                                     Shares under RSP 
                                           Award 
 Nic Budden       Chief Executive       1,404,885           GBPNil 
                      Officer 
                 ----------------  -------------------  ------------- 
 Richard Harris   Chief Financial        555,144            GBPNil 
                      Officer 
                 ----------------  -------------------  ------------- 
 Patrick Franco   Chief Operating        555,144            GBPNil 
                      Officer 
                 ----------------  -------------------  ------------- 
 

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       Initial Notification 
       / amendment 
     -------------------------  ------------------------------------------------ 
 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             Ordinary shares of Foxtons Group plc of GBP0.01 
       the financial              each 
       instrument                 GB00BCKFY513 
       Identification 
       code 
     -------------------------  ------------------------------------------------ 
 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     N/A single transaction 
 
 
        *    Price 
     -------------------------  ------------------------------------------------ 
 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       Initial Notification 
       / amendment 
     -------------------------  ------------------------------------------------ 
 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             Ordinary shares of Foxtons Group plc of GBP0.01 
       the financial              each 
       instrument                 GB00BCKFY513 
       Identification 
       code 
     -------------------------  ------------------------------------------------ 
 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     N/A single transaction 
 
 
        *    Price 
     -------------------------  ------------------------------------------------ 
 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       Initial Notification 
       / amendment 
     -------------------------  ------------------------------------------------ 
 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             Ordinary shares of Foxtons Group plc of GBP0.01 
       the financial              each 
       instrument                 GB00BCKFY513 
       Identification 
       code 
     -------------------------  ------------------------------------------------ 
 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     N/A single transaction 
 
 
        *    Price 
     -------------------------  ------------------------------------------------ 
 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

+44 (0)20 7893 6261

investor@foxtonsgroup.co.uk

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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May 15, 2020 12:26 ET (16:26 GMT)

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