OnTheMarket plc Issue of Equity and Total Voting Rights (5712U)
01 April 2019 - 5:00PM
UK Regulatory
TIDMOTMP
RNS Number : 5712U
OnTheMarket plc
01 April 2019
1 April 2019
ONTHEMARKET PLC
("OnTheMarket", the "Group" or the "Company")
Issue of Equity and Total Voting Rights
OnTheMarket plc, the agent-backed company which operates the
OnTheMarket.com property portal, today announces that an
application has been made to the London Stock Exchange for
admission of securities in respect of 220,319 ordinary shares of
0.2 pence each ("New Ordinary Shares").
These New Ordinary Shares have been issued to certain new agents
in return for signing new long-term listing agreements in
accordance with the strategy set out in the admission document
published on 26 January 2018. It is expected that admission will
become effective on 4 April 2019.
Following admission, the total number of ordinary shares and
voting rights in the Company will be 62,037,247. The Company does
not hold any shares in treasury.
The above figure may be used by shareholders in the Company as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
ENDS
For further information, please contact:
OnTheMarket
Ian Springett, CEO
Clive Beattie, CFO 0207 930 0777
TB Cardew (Financial PR adviser) 0207 930 0777 / onthemarket@tbcardew.com
Ed Orlebar 07738 724 630
Alycia MacAskill 07876 222 703
Zeus Capital (Nominated Adviser/Joint
Broker)
Martin Green, Pippa Hamnett,
Jamie Peel 0203 829 5000
(Corporate Finance)
Benjamin Robertson, John Goold
(Broking)
Stockdale Securities (Joint Broker)
Daniel Harris, Rose Ramsden 0207 601 6100
Background on OnTheMarket:
OnTheMarket plc, the agent-backed company which operates the
OnTheMarket.com property portal, is the third biggest UK
residential property portal provider in terms of traffic. It aims
to deliver a market-leading, agent-backed alternative to Rightmove
and Zoopla, offering a first-class service to agents at sustainably
fair prices and becoming the go-to portal for serious
property-seekers.
OnTheMarket plc was admitted to AIM in February 2018 with GBP30
million in new capital in order to support a new growth strategy
for the business.
In January 2019, OnTheMarket delivered more than 7 times as many
phone and email leads and 4 times the number of visits to its
portal compared with February 2018, the month of the Company's
admission to AIM. The portal's traffic in January exceeded 23.5
million visits*, a new monthly record.
At its IPO in February 2018, OnTheMarket was 70% owned by over
two thousand agent firms.
With backing from its agent owners, OnTheMarket has developed
unique sources of competitive advantage such as the thousands of
"New & exclusive" property listings it receives every month
from its agents to display 24 hours or more before they are on
Rightmove or Zoopla.
*Visits comprise individual sessions on OnTheMarket.com's web
based portal or mobile applications by users for the period
indicated as measured by Google Analytics. Data for leads generated
is reported from the Company's operating systems.
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
IOELLFITVLIAFIA
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