OnTheMarket plc Issue of Equity and Total Voting Rights (3412Q)
27 October 2021 - 05:00PM
UK Regulatory
TIDMOTMP
RNS Number : 3412Q
OnTheMarket plc
27 October 2021
27 October 2021
ONTHEMARKET PLC
("OnTheMarket", the "Group" or the "Company")
Issue of Equity and Total Voting Rights
OnTheMarket plc, the majority agent-owned 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 219,963 ordinary shares of
0.2 pence each ("New Ordinary Shares"). It is expected that
admission will become effective on 29 October 2021.
60,000 New Ordinary Shares have been issued in connection with
the exercise of options under employee share schemes and 159,963
New Ordinary Shares have been issued to certain agents following
them having earlier signed new long-term listing agreements in
accordance with the strategy set out in the admission document
published on 26 January 2018.
Following admission, the total number of ordinary shares and
voting rights in the Company will be 74,514,298. 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
Clive Beattie, Chief Financial
Officer 0207 353 4200
Tulchan Communications
Giles Kernick
Oliver Norgate 0207 353 4200
Zeus Capital (Nominated Adviser/Joint
Broker)
Jamie Peel, Martin Green, James
Hornigold
(Corporate Finance) 0203 829 5000
Benjamin Robertson (Broking)
S hore Capital (Joint Broker)
Daniel Bush, John More (Corporate
Finance)
Fiona Conroy (Corporate Broking) 0207 408 4090
Background on OnTheMarket:
OnTheMarket plc, the majority agent-owned company which operates
the OnTheMarket.com property portal, is a leading UK residential
property portal provider.
Its objective is to create value for shareholders and property
advertiser customers by delivering an agent-backed, technology
enabled portal - offering a first-class service to agents and new
homes developers at sustainably fair prices and becoming the go-to
portal for serious property-seekers.
OnTheMarket provides a unique opportunity for agents to
participate in the equity value of their own portal. Agent backing
and support enable OnTheMarket to display "New & exclusive"
properties to serious property-seekers 24 hours or more before
agents release these properties to other portals.
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END
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