OnTheMarket plc Issue of Equity (2838V)
08 August 2022 - 11:00PM
UK Regulatory
TIDMOTMP
RNS Number : 2838V
OnTheMarket plc
08 August 2022
8 August 2022
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 further
to the Update on Issue of Equity announcement released on 28 July
2022, an application has been made to the London Stock Exchange for
admission of securities in respect of 170,041 ordinary shares of
0.2 pence each ("New Ordinary Shares"). It is expected that
admission will become effective on 9 August 2022.
The 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 75,123,326. 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 (Nominated Adviser and Joint Broker)
Jamie Peel, Martin Green, James Hornigold 0203 829 5000
(Investment Banking)
Benjamin Robertson (Corporate 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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