OnTheMarket plc Exercise of Options and PDMR interests (0957L)

TIDMOTMP

RNS Number : 0957L

OnTheMarket plc

11 May 2022

11 May 2022

ONTHEMARKET PLC

("OnTheMarket", the "Group" or the "Company")

Exercise of Options and PDMR interests

OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, announces that Clive Beattie, Chief Financial Officer, exercised nil-cost options over 16,515 ordinary shares of GBP0.002 in the Company ("Ordinary Shares") on 9 May 2022. These options were granted under the Company's Employee Share Option Plan in September 2017.

The Company has also been notified that these shares were sold on 10 May 2022 at 70p per Ordinary Share to meet personal financial obligations, which included personal taxes arising on exercise.

The beneficial holding of ordinary shares by Clive Beattie following the exercise and sale is therefore unchanged at 30,303 Ordinary Shares. In addition, Clive has 50,000 vested options and 671,658 unvested options.

The options were satisfied using shares held as assets for this purpose within the Company's employee benefit trust. No new equity was issued and there has been no change to total voting rights.

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                                     Clive Beattie 
      --------------------------  -------------------------------------------- 
 2.    Reason for notification 
      ------------------------------------------------------------------------ 
 (b)   Position / status                        Chief Financial Officer 
      --------------------------  -------------------------------------------- 
 (c)   Initial notification        Initial notification 
        / 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 ("Ordinary Shares") 
      --------------------------  -------------------------------------------- 
 (b)   Nature of the transaction   Exercise of options to acquire Ordinary 
                                    Shares pursuant to the Company's Employee 
                                    Share Option Plan 
      --------------------------  -------------------------------------------- 
 (c)   Price(s) and volume         Option price nil, volume 16,515 options 
      --------------------------  -------------------------------------------- 
 (d)   Aggregated information      N/A 
      --------------------------  -------------------------------------------- 
 (e)   Date of the transaction     9 May 2022 
      --------------------------  -------------------------------------------- 
 (f)   Place of the transaction    Outside a trading venue 
      --------------------------  -------------------------------------------- 
 
 
 1.    Details of PDMR 
 (a)   Name                                     Clive Beattie 
      --------------------------  -------------------------------------------- 
 2.    Reason for notification 
      ------------------------------------------------------------------------ 
 (b)   Position / status                        Chief Financial Officer 
      --------------------------  -------------------------------------------- 
 (c)   Initial notification        Initial notification 
        / 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 ("Ordinary Shares") 
      --------------------------  -------------------------------------------- 
 (b)   Nature of the transaction   Sale of Ordinary Shares received pursuant 
                                    to the Company's Employee Share Option 
                                    Plan 
      --------------------------  -------------------------------------------- 
 (c)   Price(s) and volume         Sale price 70p, volume 16,515 shares 
      --------------------------  -------------------------------------------- 
 (d)   Aggregated information      N/A 
      --------------------------  -------------------------------------------- 
 (e)   Date of the transaction     10 May 2022 
      --------------------------  -------------------------------------------- 
 (f)   Place of the transaction    London Stock Exchange. AIM 
      --------------------------  -------------------------------------------- 
 

ENDS

For further information, please contact:

OnTheMarket 0207 353 4200

Jason Tebb, Chief Executive Officer

Tulchan Communications 0207 353 4200

Giles Kernick

Oliver Norgate

   Zeus (Nominated Adviser/Joint Broker)                                             0203 823 5000 

Jamie Peel, Martin Green, James Hornigold

(Investment Banking)

Benjamin Robertson (Equity Capital Markets)

Shore Capital (Joint Broker) 0207 408 4090

Daniel Bush, John More (Corporate Finance)

Fiona Conroy (Corporate Broking)

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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May 11, 2022 05:02 ET (09:02 GMT)