RNS Number : 6410H
Foxtons Group PLC
17 March 2015
 



17 March 2015

 

Long Term Incentive Plan Awards

 

Notification of Transactions by Executive Directors

 

Foxtons Group plc (the "Company") announces that it granted the following awards on 16 March 2015 to Executive Directors in accordance with the rules of the Foxtons Group plc Long Term Incentive Plan (the "LTIP").

 

 

Executive Director

Number of ordinary shares of 1p each ("Shares") over which
LTIP Awards were granted

Nic Budden

359,883

Gerard Nieslony

219,929

 

 

The awards were made in the form of nil-cost options, which will, subject to the rules of the LTIP, vest following the Remuneration Committee's determination of the extent to which the performance conditions applicable to the award have been satisfied. Full details of these performance conditions will be set out in the Company's Directors' Remuneration Report for the year ending 31 December 2014. To the extent the performance conditions have been satisfied, the nil-cost options are then normally exercisable until the earlier of the seventh anniversary of vesting and the tenth anniversary of the grant date, subject to the individual's ongoing employment.

 

This notification has been issued pursuant to the Company's notification obligations under Disclosure and Transparency Rule 3.1.4.

 

For further information contact:

 

Foxtons Group plc

Jenny Matthews

Investor Relations Manager

+44 (0)20 7893 6484

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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