Last checked at 15 Apr 2016 13:12
15 April 2016
Long Term Incentive Plan Awards
Notification of Transactions by Executive Directors
Foxtons Group plc (the "Company") announces that it granted the following awards on 15 April 2016 to Executive Directors in accordance with the rules of the Foxtons Group plc Long Term Incentive Plan (the "LTIP").
Executive Director | Number of ordinary shares of 1p each ("Shares") over whichLTIP Awards were granted |
Nic Budden | 510,836 |
Gerard Nieslony | 268,349 |
The awards were made in the form of nil-cost options, which will, subject to the rules of the LTIP, vest following the Remuneration Committee's determination of the extent to which the performance conditions applicable to the award have been satisfied. Full details of these performance conditions are set out in the Company's Directors' Remuneration Report for the year ending 31 December 2015. To the extent the performance conditions have been satisfied, the nil-cost options are then normally exercisable until the earlier of the seventh anniversary of vesting and the tenth anniversary of the grant date, subject to the individual's ongoing employment.
This notification has been issued pursuant to the Company's notification obligations under Disclosure and Transparency Rule 3.1.4.
For further information contact:
Foxtons Group plc
Jenny Matthews
Investor Relations Manager
+44 (0)20 7893 6484