Share Name Share Symbol Market Type Share ISIN Share Description
Onthemarket Plc LSE:OTMP London Ordinary Share GB00BFN3K335 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 77.00 74.00 80.00 77.00 77.00 77.00 4,909 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate 14.2 -14.5 -24.0 - 49

OnTheMarket plc Issue of Equity and Total Voting Rights

29/04/2019 7:00am

UK Regulatory (RNS & others)


Onthemarket (LSE:OTMP)
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RNS Number : 3000X

OnTheMarket plc

29 April 2019

29 April 2019

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 528,122 ordinary shares of 0.2 pence each ("New Ordinary Shares").

These New Ordinary Shares have been issued to certain new agents in return for signing 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 2 May 2019.

Following admission, the total number of ordinary shares and voting rights in the Company will be 62,715,369. 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) 
   Martin Green, Pippa Hamnett, 
   Jamie Peel                                 0203 829 5000 
   (Corporate Finance) 
   Benjamin Robertson, John Goold 
   (Broking) 
 
   Shore Capital (Joint Broker) 
   Daniel Harris, Rose Ramsden                0207 601 6100 
 

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.

In January 2019, OnTheMarket delivered more than 7 times as many phone and email leads and 4 times the number of visits to its portal compared with February 2018, the month of the Company's admission to AIM. The portal's traffic in January exceeded 23.5 million visits*, a new monthly record.

As at 8 April 2019, OnTheMarket.com had over one million people using its property alert service. To place this milestone in context, in its 2018 results announcement, Rightmove stated that 'over two million people' had received property alerts from it during the year.

At its IPO in February 2018, OnTheMarket was 70% owned by over two thousand agent firms.

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.

*Visits comprise individual sessions on OnTheMarket.com's web based portal or mobile applications by users for the period indicated as measured by Google Analytics. Data for leads generated is reported from the Company's operating systems.

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

IOELLFLESEIRFIA

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April 29, 2019 02:00 ET (06:00 GMT)

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