Foxtons Group PLC has granted awards under The Foxtons Group plc 2020 Restricted Share Plan to certain directors and persons discharging managerial responsibilities (PDMRs) of the company. The awards were granted to Guy Gittins, Chief Executive Officer, and Chris Hough, Chief Financial Officer. The awards are structured as nil cost options, with no consideration paid for the grant. The number of ordinary shares granted under each award has been calculated using an ordinary share price of 53.4 pence per share.

The normal vesting date of the awards will be 2 April 2027, with a two-year holding period commencing on vesting. The 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 based on business performance, individual performance, or wider company considerations.

Guy Gittins was granted 876,404 ordinary shares, while Chris Hough was granted 384,831 ordinary shares under the 2020 Restricted Share Plan. The awards are subject to a two-year holding period commencing on vesting. Once vested, the awards will normally be exercisable until the day before the tenth anniversary of the award date.

The relevant notifications were provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation. For further information, individuals can contact Foxtons Group plc.

In addition, the Company also disclosed the details of the transactions by persons discharging managerial responsibilities and persons closely associated with them, in accordance with regulatory requirements. The notifications include the details of the individuals, the nature of the transactions, and the relevant contact information for further inquiries.

Overall, the awards granted under the 2020 Restricted Share Plan to the PDMRs reflect the company's commitment to aligning the interests of its management with the long-term performance and success of Foxtons Group PLC.