OnTheMarket plc Issue of Equity and Total Voting Rights (4850B)
31 Gennaio 2020 - 8:00AM
UK Regulatory
TIDMOTMP
RNS Number : 4850B
OnTheMarket plc
31 January 2020
31 January 2020
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 407,547 ordinary shares of
0.2 pence each ("New Ordinary Shares").
These New Ordinary Shares have been issued to certain new and
existing 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. It is expected
that admission will become effective on 5 February 2020.
Following admission, the total number of ordinary shares and
voting rights in the Company will be 70,082,638. 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)
Jamie Peel, Martin Green, Daniel
Harris
(Corporate Finance) 0203 829 5000
John Goold, Benjamin Robertson
(Broking)
Shore Capital (Joint Broker)
Daniel Bush
Fiona Conroy 0207 408 4090
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
IOEFLFIRLDIIVII
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January 31, 2020 02:00 ET (07:00 GMT)
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