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FOXTONS GROUP PLC
Remuneration Information • Apr 1, 2022
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 0375H
Foxtons Group PLC
01 April 2022
1 April 2022
Foxtons Group Plc
("the Company")
Grant of Salary Substitute Restricted Share 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 1 April 2022, the following awards were granted over the Company's Ordinary £0.01 shares under The Foxtons Group plc 2020 Restricted Share Plan ("RSP") to certain directors / persons discharging managerial responsibility ("PDMRs") of the Company. The Executive Directors have voluntarily exchanged 20% of their cash salary for the equivalent value in Salary Substitute Restricted Share Awards. These Awards are therefore being made to satisfy the Executive Directors' Salary Substitute Restricted Share Awards.
| Name | Status | Number of Ordinary Shares under RSP Award | Option Price |
| Nic Budden | Chief Executive Officer | 277,985 | £Nil |
| Chris Hough | Chief Financial Officer | 119,904 | £Nil |
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 41.7 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 1 April 2025, 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.
The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the UK 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 / 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
Identification code
Ordinary shares of Foxtons Group plc of £0.01 each
GB00BCKFY513
b)
Nature of transaction
Grant of nil cost option of Salary Substitute Restricted Share Awards under The Foxtons Group plc 2020 Restricted Share Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| nil | 277,985 |
d)
Aggregated information
- Aggregated volume
- Price
N/A single transaction
e)
Date of the transaction
1 April 2022
f)
Place of the transaction
Outside of a trading venue
1.
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Chris Hough
2.
Reason for the notification
a)
Position / status
CFO
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
Identification code
Ordinary shares of Foxtons Group plc of £0.01 each
GB00BCKFY513
b)
Nature of transaction
Grant of nil cost option of Salary Substitute Restricted Share Awards under The Foxtons Group plc 2020 Restricted Share Plan
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| nil | 119,904 |
d)
Aggregated information
- Aggregated volume
- Price
N/A single transaction
e)
Date of the transaction
1 April 2022
f)
Place of the transaction
Outside of a trading venue
For further information contact:
Foxtons Group plc
Muhammad Patel, Investor Relations
+44 (0)20 7893 6261
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