Foxtons shareholders have approved a new executive share incentive scheme, despite almost one in five votes being cast against the proposals. At a general meeting, the listed estate agency group secured shareholder approval for its 2026 Performance Share Plan (PSP), alongside proposed awards to its chief executive and chief financial officer. All three resolutions passed with support of just over 82% of votes cast.
Shareholders back executive incentive scheme
The new performance share plan received support from 82.41% of votes cast, while 17.59% opposed it. The proposed award to the chief executive secured 82.37% support, with 17.63% voting against. Shareholders backed the chief financial officer’s proposed award by the same percentages.
The results suggest a sizeable minority of voting shareholders remain unconvinced by the arrangements, although the company secured the required majority for all three resolutions.
Vote breakdown and next steps
Foxtons recorded approximately 181.9 million votes for or against each resolution. The company had 319.2 million shares in issue as of 19 October 2026, including 23.4 million treasury shares.
The general meeting approved the framework for the performance share plan and the proposed executive awards. However, the announcement did not disclose the monetary value of the awards, performance targets or vesting conditions. Further details are contained in the notice of general meeting published on the company’s corporate website.
Foxtons said it would publish the full voting results and submit the resolutions to the National Storage Mechanism.
