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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 | 0.00% | 109.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMOTMP
RNS Number : 3174U
OnTheMarket plc
11 July 2018
11 July 2018
OnTheMarket plc
("OnTheMarket" or the "Company")
Result of Annual General Meeting
OnTheMarket plc (AIM: OTMP), the agent-backed company which operates the OnTheMarket.com property portal, is pleased to announce that all resolutions as set out in the Notice of Annual General Meeting dated 13 June 2018 were duly passed today by the shareholders of the Company.
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 Lucy Featherstone 07789 374 663 Zeus Capital (Nominated Adviser/Joint Broker) Martin Green, Giles Balleny, 0203 829 5000 Pippa Underwood (Corporate Finance) Benjamin Robertson, John Goold (Broking) Stockdale Securities (Joint Broker) Daniel Harris, Owen Matthews 0207 601 6100
Background on OnTheMarket:
Launched in January 2015, the OnTheMarket.com property portal was created by Agents' Mutual Limited, a company limited by guarantee and founded in January 2013 by a small group of agent firms, with the objective of creating a new portal to challenge the dominance of Rightmove and Zoopla. Both groups were felt to be using their strong positions relative to their agent customers to impose significant price increases for their portal services.
The Agents' Mutual proposition of an agent-backed portal offering a premier search service to property-seeking consumers whilst charging fair prices to agents quickly found support among a very wide group of leading independent agents across the UK. These firms funded the venture by way of loan note subscriptions and committed to list with the portal once it went live.
OnTheMarket is the third biggest UK residential property portal provider in terms of traffic and has, with backing from its agent owners, developed unique sources of competitive advantage such as the "New and Exclusive" property listings.
OnTheMarket plc was admitted to AIM on Friday 9 February 2018 alongside a capital raise of GBP30 million to support a new growth strategy for the business.
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
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(END) Dow Jones Newswires
July 11, 2018 06:02 ET (10:02 GMT)
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