Issue of Equity

RNS Number : 2838V

OnTheMarket plc

08 August 2022

 

8 August 2022

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 further to the Update on Issue of Equity announcement released on 28 July 2022, an application has been made to the London Stock Exchange for admission of securities in respect of 170,041 ordinary shares of 0.2 pence each ("New Ordinary Shares"). It is expected that admission will become effective on 9 August 2022.

The New Ordinary Shares have been issued to certain agents following them having earlier signed new long-term listing agreements in accordance with the strategy set out in the admission document published on 26 January 2018.

Following admission, the total number of ordinary shares and voting rights in the Company will be 75,123,326. 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 Giles Kernick Oliver Norgate	0207 353 4200
Zeus (Nominated Adviser and Joint Broker) Jamie Peel, Martin Green, James Hornigold (Investment Banking) Benjamin Robertson (Corporate Broking) Shore Capital (Joint Broker) Daniel Bush, John More (Corporate Finance) Fiona Conroy (Corporate Broking)	0203 829 5000 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 '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.

 

END

 

 

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