OnTheMarket plc Notification of Final Results (9068A)

TIDMOTMP

RNS Number : 9068A

OnTheMarket plc

03 June 2019

3 June 2019

OnTheMarket plc

("OnTheMarket" or the "Company")

Notification of Final Results for the Year Ended 31 January 2019

OnTheMarket plc (AIM: OTMP), the agent-backed company which operates the OnTheMarket.com property portal, will announce its final results for the year ended 31 January 2019 on Thursday 13 June 2019.

ENDS

For further information, please contact:

 
 
   TB Cardew (Financial PR adviser)           0207 930 0777 / [e-mail] 
   Ed Orlebar                                 07738 724 630 
   Tom Allison                                07789 998 020 
 
   Zeus Capital (Nominated Adviser/Joint 
   Broker) 
   Martin Green, Jamie Peel, Pippa 
   Hamnett                                    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 [e-mail] or visit www.rns.com.

END

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June 03, 2019 04:00 ET (08:00 GMT)