FOXTONS GROUP PLC

AGM Information • Nov 23, 2022

National Storage Mechanism | Additional information

RNS Number : 3998H

Foxtons Group PLC

23 November 2022

Foxtons Group plc

(the "Company" or "Foxtons")

Post 2022 AGM Shareholder Engagement - Update Statement

The Company is providing an update on engagement with shareholders following the Company's Annual General Meeting ("AGM") on 15 June 2022.  While all resolutions at the AGM were passed, there were significant minority votes cast against resolutions 6, 8 and 10, pertaining to the re-election of three of the Group's independent non-executive directors.

In accordance with its commitment at the AGM, the Board has engaged with shareholders to better understand their views. Certain of these shareholders were dissatisfied with Foxtons' management and the decisions previously taken by the Board in 2021.

With a new Chair, CEO and wider management team now complete and in place, Alan Giles and Sheena Mackay have decided they will not stand for re-election at the 2023 AGM. The Company is undertaking a process to find successors for the two roles and a further update will be provided in due course.

Nigel Rich, Chairman of Foxtons, said: "I would like to take this opportunity on behalf of the Board to thank Alan and Sheena for their significant support and contribution as non-executive directors since I joined the business and wish them well with their new endeavours."

For further information, please contact:

Foxtons Group plc
Link Company Matters Limited, Company Secretary	Foxtons@linkgroup.co.uk
TB Cardew	Foxtons@tbcardew.com
Ed Orlebar / Tom Allison	+44 7738 724 630/ +44 7789 998 020

About

Foxtons is London's leading estate agent with the most recognised brand. Founded in 1981, Foxtons operates from a network of interconnected branches, offering a range of residential related services across three revenue streams: lettings, sales and financial services.

Foxtons is confident it can deliver significant shareholder value by delivering against its core strategic objectives:

· Driving organic revenue growth through market share growth, developing new revenue channels and enhancing cross-sell capabilities;

· Identifying, acquiring, and integrating high quality lettings portfolios; and

· Achieving profit growth by increasing staff productivity and continuing to streamline infrastructure and management.

To find out more, please visit www.foxtonsgroup.co.uk.

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