Director/PDMR Shareholding
Foxtons Group plc announced that CEO Guy Gittins received 959,440 ordinary shares following the vesting of awards under the 2020 Restricted Share Plan, with 850,825 shares withheld to cover tax liabilities. The total award was 1,810,265 shares, and these are being satisfied by releasing shares from treasury rather than through market sales.
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Following the vesting of awards over the Company's Ordinary £0.01 shares granted on 1 April 2022 and 1 April 2023 under the Foxtons Group plc 2020 Restricted Share Plan ("Vesting"), Guy Gittins was entitled to receive a total of 1,810,265 ordinary shares. However, 850,825 ordinary shares were withheld to satisfy tax liabilities arising from Vesting.
The awards are being satisfied by releasing the net number of shares from treasury and no shares will be sold in the market. Accordingly, 959,440 ordinary shares are being released from treasury and delivered to Guy Gittins.
| 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 | Vesting of awards under the Foxtons Group plc 2020 Restricted Share Plan | |
| c) | Price(s) and volume(s) | Price(s) | Volume(s) |
| Nil | 1,810,265 | ||
| d) | Aggregated information - Aggregated volume - Price | N/A single transaction | |
| e) | Date of the transaction | 21 May 2026 | |
| f) | Place of the transaction | Outside a trading venue | |
| 4B | 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 | Withholding of ordinary shares to satisfy tax liabilities arising on vesting of share awards (net settlement) | |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 850,825 | |
| d) | Aggregated information - Aggregated volume - Price | N/A single transaction | |
| e) | Date of the transaction | 21 May 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.