OnTheMarket plc Issue of Equity and Total Voting Rights (6262I)

TIDMOTMP

RNS Number : 6262I

OnTheMarket plc

15 December 2020

15 December 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 14,545 ordinary shares of 0.2 pence each ("New Ordinary Shares").

These New Ordinary Shares have been issued as a result of the exercise of employee share options. It is expected that admission will become effective on 18 December 2020.

Following admission, the total number of ordinary shares and voting rights in the Company will be 72,028,331. 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 
  Jason Tebb, CEO 
  Clive Beattie, CFO                        0207 930 0777 
 
   Tulchan Communications (Financial 
   PR adviser) 
   James Macey White 
   Giles Kernick 
   Sophie Duckworth                           0207 353 4200 
 
   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 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.

With almost 3,800 estate and letting agents as shareholders, or under contract to become shareholders, operating 6,800 offices, 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 "New & exclusive" properties to serious property-seekers 24 hours or more before agents release these properties to other portals.

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(END) Dow Jones Newswires

December 15, 2020 02:00 ET (07:00 GMT)