OnTheMarket plc Notification of Full Year Results (2196Q)
05 June 2018 - 4:01PM
UK Regulatory
TIDMOTMP
RNS Number : 2196Q
OnTheMarket plc
05 June 2018
5 June 2018
OnTheMarket plc
Notification of Results for the year ended 31 January 2018
OnTheMarket plc (AIM: OTMP), the agent-backed company which
operates the OnTheMarket.com property portal, will announce its
audited results for the year ended 31 January 2018 on Thursday 7
June 2018.
ENDS
For further information,
please contact:
TB Cardew (Financial PR 0207 930 0777 / onthemarket@tbcardew.com
adviser) 07738 724 630
Ed Orlebar 07789 998 020
Tom Allison
Zeus Capital (Nominated
Adviser/Joint Broker)
Martin Green, Giles Balleny,
Pippa Underwood (Corporate
Finance)
Benjamin Robertson, John 0203 829 5000
Goold (Broking)
Stockdale Securities (Joint
Broker)
Daniel Harris, Owen Matthews 0207 601 6100
Background on OnTheMarket:
Launched in January 2015, the OnTheMarket.com property portal
was created by Agents' Mutual Limited, a company limited by
guarantee and founded in January 2013 by a small group of agent
firms, with the objective of creating a new portal to challenge the
dominance of Rightmove and Zoopla. Both groups were felt to be
using their strong positions relative to their agent customers to
impose significant price increases for their portal services.
The Agents' Mutual proposition of an agent-backed portal
offering a premier search service to consumers whilst charging fair
prices to agents quickly found support among a very wide group of
leading independent agents across the UK. These firms funded the
venture by way of loan note subscriptions and committed to list
with the portal once it went live.
OnTheMarket is the third biggest UK residential property portal
provider in terms of traffic and has, with backing from its agent
owners, developed unique sources of competitive advantage such as
the "New and Exclusive" property listings.
OnTheMarket plc was admitted to AIM on Friday 9 February 2018
alongside a capital raise of GBP30 million to support a new growth
strategy for the business.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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