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 instrument, type of instrument

Identification code

Ordinary shares of £0.01 each

  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 (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

2.   105.667p

1. 6,500,000

2. 2,150,000

d)

Aggregated information

-      Aggregated volume

-      Price

 

 N/A (Single transaction)

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

+44 (0)20 7893 6484


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