Appointment of Chief Financial Officer

RNS Number : 6119N

OnTheMarket plc

24 January 2023

 

24 January 2023

ONTHEMARKET PLC

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

Appointment of Chief Financial Officer

OnTheMarket plc, the majority agent-owned company which operates the onthemarket.com property portal, is pleased to announce that Tom Carter has agreed to join OnTheMarket as Chief Financial Officer ("CFO") and a member of the Board. Tom is currently serving a six month notice period with his current employer and OnTheMarket will make further announcements regarding his joining date in due course.

Tom brings a wealth of finance experience and joins from AIM-listed Brand Architekts Group PLC, an international beauty brand business, where he has been CFO since 2020 and led the recent acquisition of main market listed Innovaderma. Prior to that, Tom was Group Finance and Operations Director at Technetix Group Ltd, a leading global technology company, and has also held financial roles at Alliance Boots, BSkyB Plc and Procter and Gamble. Tom trained as a Chartered Accountant with PwC.

In addition, OnTheMarket has appointed Simon Bullock as Interim CFO with immediate effect to provide the finance function with experienced leadership between Clive Beattie's departure on 27 January 2023 and Tom joining the Board. Simon has 30 years of finance experience, with more than 20 years at CFO level, including at Caxton FX Limited, AIM-listed Bonhill Group Plc, Merit Group Plc and Aurasian Minerals Plc. Simon will not join the Board of OnTheMarket.

Christopher Bell, Non-Executive Chairman, said:

" I am delighted to announce that Tom will join OnTheMarket as CFO. His proven experience will be a great asset to the team as we continue with our strategy of building a tech-enabled property business."

Tom Carter, CFO designate, said:

" OnTheMarket is widely recognised as a leader in the industry, and this is an exciting time to be joining the business. I look forward to working with Jason and the team to further differentiate the proposition and build a "one-stop-shop" for agents and housebuilders across the entire property ecosystem."

Neither Tom nor Simon hold any shares in OnTheMarket.

Additional Disclosures Required under the AIM Rules for Companies

Information on Tom required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies:

Thomas ("Tom") Richard James Carter, aged 41, currently holds directorships and partnerships in the following companies:

Innovaderma Limited

Skinnytan UK Limited

The Brand Architekts Limited

Mr. Haircare Limited

Brand Architekts Group Plc

There is no further information to be disclosed pursuant to Schedule Two (g) of the AIM Rules for Companies.

ENDS

For further information, please contact:

OnTheMarket  0207 353 4200

Jason Tebb, Chief Executive Officer

Tulchan Communications      0207 353 4200

Giles Kernick

Alec Tidbury

Zeus Capital (Nominated Adviser/Joint Broker)  0203 823 5000

Jamie Peel, Martin Green, James Hornigold

(Investment Banking)

Benjamin Robertson (Corporate Broking) 

Shore Capital (Joint Broker)  0207 408 4090

Daniel Bush, John More (Corporate Finance)

Fiona Conroy (Corporate Broking)

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   'Only With Us' properties which are either exclusive properties advertised at onthemarket.com by customers who do not list their properties with either Rightmove or Zoopla, or properties listed 24 hours or more before agents release these properties to Rightmove or Zoopla.

 

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