Business
Long Term Incentive Plan Awards
Long Term Incentive Plan Awards.
About this update from Foxtons Group Plc
[{"type":"text","content":"\n \nRNS Number : 3811V Foxtons Group PLC 15 April 2016 \n\n15 April 2016\n \nLong Term Incentive Plan Awards\n \nNotification of Transactions by Executive Directors\n \nFoxtons 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\").\n \n \n\n\n\n\nExecutive Director\n\n\nNumber of ordinary shares of 1p each (\"Shares\") over which\nLTIP Awards were granted\n\n\n\n\nNic Budden\n\n\n510,836\n\n\n\n\nGerard Nieslony\n\n\n268,349\n\n\n\n\n \n \nThe 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.\n \nThis notification has been issued pursuant to the Company's notification obligations under Disclosure and Transparency Rule 3.1.4.\n \nFor further information contact:\n \nFoxtons Group plc\nJenny Matthews\nInvestor Relations Manager\n+44 (0)20 7893 6484\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCGGUUGCUPQGPA\n ","length":2650,"tagName":"div"}]