Director/PDMR Shareholding
Foxtons Group plc announced on April 1, 2026, the grant of nil cost options under its 2020 Restricted Share Plan to its Chief Executive Officer, Guy Gittins, for 1,073,394 ordinary shares, and to its Chief Financial Officer, Chris Hough, for 688,073 ordinary shares. These awards, calculated based on an average share price of 43.60 pence, are subject to a three-year vesting period and a subsequent two-year holding period, with potential adjustments based on performance.
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On 1 April 2026, 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. These Awards are in respect of the annual Restricted Share Plan grant as set out in the Remuneration Policy approved by shareholders.
| Name | Position | Number of Ordinary Shares under RSP Award | Option Price |
|---|---|---|---|
| Guy Gittins | Chief Executive Officer | 1,073,394 | £Nil |
| Chris Hough | Chief Financial Officer | 688,073 | £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 43.60 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 2029, 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 and a discretionary underpin that allows the Remuneration Committee to make adjustments to the level of vesting if the Committee believes due to business performance, individual performance or wider Company considerations that the vesting should be adjusted.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name | Guy Gittins | |
| 2 | Reason for the notification | ||
| a) | Position/status | CEO | |
| b) | Initial notification/Amendment | Initial Notification | |
| a) | Name | Foxtons Group plc | |
| b) | LEI | 5493001HCMG6R1MYKC59 | |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each GB00BCKFY513 | |
| b) | Nature of transaction | Grant of nil cost option under the Foxtons Group plc 2020 Restricted Share Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 1,073,394 | ||
| d) | Aggregated information - Aggregated volume - Price | N/A single transaction | |
| e) | Date of the transaction | 1 April 2026 | |
| f) | Place of the transaction | Outside 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 | |
| a) | Name | Foxtons Group plc | |
| b) | LEI | 5493001HCMG6R1MYKC59 | |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each GB00BCKFY513 | |
| b) | Nature of transaction | Grant of nil cost option under the Foxtons Group plc 2020 Restricted Share Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 688,073 | ||
| d) | Aggregated information - Aggregated volume - Price | N/A single transaction | |
| e) | Date of the transaction | 1 April 2026 | |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.