OnTheMarket plc Issue of Equity and Total Voting Rights (5019Q)

TIDMOTMP

RNS Number : 5019Q

OnTheMarket plc

01 March 2021

1 March 2021

ONTHEMARKET PLC

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

Issue of Equity and Total Voting Rights

OnTheMarket plc, the majority agent-owned 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 38,180 ordinary shares of 0.2 pence each ("New Ordinary Shares"). It is expected that admission will become effective on 2 March 2021.

The New Ordinary Shares have been issued in connection with the exercise of options under employee share schemes.

Following admission, the total number of ordinary shares and voting rights in the Company will be 72,483,226. 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 
  Clive Beattie, Chief Financial 
  Officer                                 0207 353 4200 
 Tulchan Communications 
  James Macey White 
  Giles Kernick 
  Sophie Duckworth                        0207 353 4200 
 Zeus Capital (Nominated Adviser/Joint 
  Broker) 
  Jamie Peel, Martin Green, Daniel 
  Harris 
  (Corporate Finance) 
  John Goold, Benjamin Robertson          0203 823 5000 
  (Broking) 
 
  Shore Capital (Joint Broker) 
  Daniel Bush, John More (Corporate 
  Finance) 
  Fiona Conroy (Corporate Broking)         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.

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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March 01, 2021 02:00 ET (07:00 GMT)