OnTheMarket plc Bellway to list residential properties with OTM
24 Gennaio 2020 - 08:00AM
RNS Non-Regulatory
TIDMOTMP
OnTheMarket plc
24 January 2020
None of the information contained in this announcement is deemed
by the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014, nor does it contain
any information that is required to be announced via a Regulatory
Information Service under the AIM Rules for Companies.
24 January 2020
Bellway to list its residential properties with OnTheMarket
OnTheMarket plc, the agent-backed company which operates the
OnTheMarket.com property portal, announces today that it has signed
a listing agreement with Bellway plc, another of the UK's leading
house builders.
Bellway plc has grown from a small family-owned firm to one of
the most successful house builders in the UK and is a FTSE 250
company. It is now the UK's 4(th) largest house builder by volume
and sold a record 10,892 new homes in its most recent financial
year.
The Company provides a wide variety of homes at a range of price
points across the UK.
Helen Whiteley, Commercial Director of OnTheMarket, said: "We
are delighted that Bellway has decided to join us as we start the
new year while we continue to broaden our property advertiser base
and widen our appeal to active property-seekers.
"Bellway is a highly successful developer which is committed to
addressing the growing national housing shortage by building high
quality homes in desirable locations."
Sasha O'Neill, Group Head of Marketing at Bellway, said: "We
like the clear and simple way in which OnTheMarket displays its
properties and have watched it make real headway as a leading
portal over the last two years.
"We are always looking for new ways to market our properties and
finding new audiences who are serious about buying their next home.
We look forward to entering this partnership with OnTheMarket and
being part of its continued growth."
ENDS
For further information, please contact:
TB Cardew (Financial PR adviser) 0207 930 0777 / onthemarket@tbcardew.com
Ed Orlebar 07738 724 630
Alycia MacAskill 07876 222 703
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.
At its IPO, OnTheMarket was 70% owned by over 2,000 agent firms.
Following the share issuance arising from its growth in long term
agent listing contracts, over 3,000 agent firms operating more than
6,000 UK agency branches are now OnTheMarket shareholders.
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.
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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