OnTheMarket plc Grant of Options (5459P)
21 June 2022 - 4:00PM
UK Regulatory
TIDMOTMP
RNS Number : 5459P
OnTheMarket plc
21 June 2022
21 June 2022
ONTHEMARKET PLC
("OnTheMarket", the "Group" or the "Company")
Grant of options
OnTheMarket plc, the majority agent-owned company which operates
the OnTheMarket.com property portal, announces that it awarded the
following options, under the Company's Deferred Benefit Plan
("DBP"), yesterday over 429,467 ordinary shares of GBP0.002 in the
Company ("Ordinary Shares").
PDMR Position Type Number of Ordinary
of Award Shares over which
options awarded
Jason Tebb Chief Executive Officer DBP 145,052
--------------------------------- ----------- -------------------
Clive Beattie Chief Financial Officer DBP 96,862
--------------------------------- ----------- -------------------
Helen Whiteley Chief Commercial Officer DBP 107,445
--------------------------------- ----------- -------------------
Morgan Ross Product and Technology Director DBP 80,108
--------------------------------- ----------- -------------------
The options vest in two equal tranches on 20 June 2024 and 20
June 2025, before exercise is possible. All the options have a nil
exercise price and require continued employment, subject to
exceptions.
The notifications set out below are provided in accordance with
the requirements of the EU Market Abuse Regulation as part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018
and set out more details of the transactions.
1. Details of PDMR
(a) Name 1. Jason Tebb
2. Clive Beattie
3. Helen Whiteley
4. Morgan Ross
-------------------------- --------------------------------------------------------
2. Reason for notification
------------------------------------------------------------------------------------
(b) Position / status 1. Chief Executive Officer
2. Chief Financial Officer
3. Chief Commercial Officer
4. Product and Technology Director
-------------------------- --------------------------------------------------------
(c) Initial notification Initial notification in each case
/ amendment
-------------------------- --------------------------------------------------------
3. Details of the Issuer
------------------------------------------------------------------------------------
(a) Name OnTheMarket plc
-------------------------- --------------------------------------------------------
(b) LEI 213800UNVSN2LXD4W113
-------------------------- --------------------------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transaction(s)
have been conducted
------------------------------------------------------------------------------------
(a) Description of the Ordinary shares of 0.2p each in the capital
financial instrument of the Company ("Shares")
-------------------------- --------------------------------------------------------
(b) Nature of the transaction Grant of options under the Deferred Benefit
Plan
-------------------------- --------------------------------------------------------
(c) Price(s) and volume Option price nil, volume 429,467 options
as follows:
1. Chief Executive Officer 145,052
2. Chief Financial Officer 96,862
3. Chief Commercial Officer 107,445
4. Product and Technology Director 80,108
-------------------------- --------------------------------------------------------
(d) Aggregated information N/A
-------------------------- --------------------------------------------------------
(e) Date of the transaction 20 June 2022
-------------------------- --------------------------------------------------------
(f) Place of the transaction Outside a trading venue
-------------------------- --------------------------------------------------------
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 (Nominated Adviser/Joint
Broker)
Jamie Peel, Martin Green, James
Hornigold
(Investment Banking)
Benjamin Robertson (Corporate 0203 829 5000
Broking)
Shore 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 'Only With Us' properties
which are either exclusive properties advertised at OnTheMarket.com
by customers who do not list their properties with either Rightmove
or Zoopla, or properties listed 24 hours or more before agents
release these properties to Rightmove or Zoopla.
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END
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