OnTheMarket plc Foxtons to list all properties with OnTheMarket (7187S)

TIDMOTMP

RNS Number : 7187S

OnTheMarket plc

18 July 2022

18 July 2022

ONTHEMARKET PLC

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

Foxtons to list all properties with OnTheMarket

OnTheMarket plc (AIM: OTMP), the majority agent-owned company which operates the OnTheMarket.com property portal, is pleased to announce that Foxtons, one of London's leading estate agencies with more than 50 interconnected branches across London, has signed an agreement to advertise its UK residential sales and letting properties at OnTheMarket.com.

Jason Tebb, Chief Executive Officer of OnTheMarket, commented:

"We are delighted to welcome Foxtons to OnTheMarket. We have been working hard to enhance our offer, adding products and services to deliver greater value to agents and consumers. Being recognised by Foxtons is further proof that our strategy is working and there is more to come as we continue to develop our differentiated, technology-enabled property business."

For further information, please contact:

   OnTheMarket                                                              0207 353 4200 

Jason Tebb, Chief Executive Officer

Clive Beattie, Chief Financial Officer

   Tulchan Communications                                      0207 353 4200 

Giles Kernick

Oliver Norgate

   Zeus (Nominated Adviser/Joint Broker)               0203 829 5000 

Jamie Peel, Martin Green, James Hornigold (Investment Banking)

Benjamin Robertson (Corporate Broking)

   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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July 18, 2022 02:00 ET (06:00 GMT)