Appointment of Chief Financial Officer

OnTheMarket

24/01/2023 07:00

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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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