OnTheMarket plc OnTheMarket appoints new Non-Executive Director (2750E)
27 Febbraio 2020 - 8:00AM
UK Regulatory
TIDMOTMP
RNS Number : 2750E
OnTheMarket plc
27 February 2020
27 February 2020
OnTheMarket announces appointment of Rupert Sebag-Montefiore as
Non-Executive Director
OnTheMarket plc, the agent-backed company which operates the
OnTheMarket.com property portal, is pleased to announce the
appointment of Rupert Sebag-Montefiore to its Board of Directors as
independent Non-Executive Director with immediate effect. He will
also serve as chairman of the Remuneration Committee.
Rupert Sebag-Montefiore has extensive Board experience at both
listed and private companies. He is currently a Non-Executive
Director at Clarion Housing Association (the UK's largest housing
association) and Pigeon Land Limited (a development land promotion
company). Prior to this he was on the Savills plc main Board,
followed by the Group Executive Board, for 21 years. His roles
included CEO of Savills' principal UK subsidiary for 12 years and
Head of Global Residential.
He has also previously served as Non-Executive Chairman of
Fastcrop plc, which operated the property web portal PrimeLocation,
as Non-Executive Director of Adventis, a marketing company, during
its flotation on AIM, and as Chairman of the Finance Committee for
a university. Rupert now sits on a number of external investment
committees, including Christ Church College at the University of
Oxford, is a Trustee of the Orchestra of the Age of Enlightenment
and chairs the property companies for the private office of a
European family.
Commenting on the appointment of Rupert Sebag-Montefiore,
OnTheMarket Non-Executive Chairman Chris Bell said:
"I am delighted that Rupert has agreed to join the Board of
OnTheMarket. Rupert has extensive executive and non-executive
experience in and beyond the UK property sector. In addition to his
illustrious career at Savills, he was Chairman of the PrimeLocation
portal business and he has considerable Board Committee expertise.
He brings a deep understanding of the property market in general
and an invaluable insight into the perspective of estate agents and
housebuilders in particular. We greatly look forward to working
with him as we continue to build the UK's agent-backed property
portal."
Commenting on his appointment as Non-Executive Director, Rupert
Sebag-Montefiore said:
"It is with great pleasure that I join the Board of OnTheMarket
at such an exciting and important phase in its development. I have
watched the business grow from a concept to a serious market player
in the UK portals sector. I look forward to supporting an
entrepreneurial and seasoned leadership team in achieving its
growth objectives in the interests of shareholders, customers and
property-seekers alike."
Further information in accordance with the AIM Rules
The names of all companies of which Rupert Owen Sebag-Montefiore
(66) is or has been a director at any time in the previous five
years are set out below.
Current directorships and partnerships Past directorships and partnerships
Clarion Housing Group Ltd Chesterfield & Co. (Rentals)
Corrour Lands Ltd Ltd
Latimer Developments Ltd Hepher Dixon Ltd
Orchestra of the Age of Enlightenment Holden Matthews Estate Agents
Trust Ltd
Pentridge Consulting Ltd Libra Housing Advisory Services
Pigeon Land 2 Ltd Ltd
Pigeon Land Ltd PCA Holdings Ltd
The Corrour Property Company PCA Management Consultants Ltd
Penhurst Properties Ltd
Penhurst (Investments) Ltd
Playhouse Services Ltd
Prime Purchase Ltd
Rickitt Grant & Company Ltd
Savills Advisory Services (L&P)
Ltd
Savills Telecom Ltd
Smiths Gore Ltd
Smith Woolley Ltd
The London Planning Practice
Ltd
Wellington Holdings Ltd
Wiltshire Creative
There are no other disclosures required to be announced further
to paragraph (g) of Schedule 2 to the AIM 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)
John Goold, Benjamin Robertson
(Broking) 0203 829 5000
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
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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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