Foxtons Group PLC Director/PDMR Shareholding (4711F)
May 17 2017 - 11:10AM
UK Regulatory
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
+44 (0)20 7893 6484
This information is provided by RNS
The company news service from the London Stock Exchange
END
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