Directorate Change

OnTheMarket

01/08/2022 07:00

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RNS Number : 3351U  OnTheMarket plc  01 August 2022

1 Aug 2022

 

ONTHEMARKET PLC

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

Directorate Change

OnTheMarket plc (AIM: OTMP), the majority agent-owned company which operates
the  OnTheMarket.com (https://www.onthemarket.com/)    property portal,
today announces that Clive Beattie has resigned as Chief Financial Officer to
pursue another opportunity. The Board has appointed Korn Ferry, an
organisational consulting firm, who has commenced a formal recruitment process
for a permanent replacement and Clive will remain with OnTheMarket as Chief
Financial Officer and a board director until Friday 27 January 2023 to ensure
an orderly handover.

Chris Bell, Chairman of OnTheMarket, commented:

"On behalf of the Board I would like to express our thanks to Clive for all
that he has done for OnTheMarket, from supporting with our successful AIM
listing in 2018, to becoming Acting CEO and ensuring OnTheMarket emerged from
the Covid pandemic stronger, through to the launch of our new strategy."

Jason Tebb, Chief Executive Officer of OnTheMarket, commented:

"I would like to personally thank Clive for his support since I joined the
business 18 months ago and for helping to execute our strategy of becoming a
tech-enabled property business. I wish him well for his future endeavours."

Clive Beattie, Chief Financial Officer, commented:

"It has been a great pleasure working with the team at OnTheMarket and
experiencing first-hand the evolution of the Group. I would like to wish Jason
and the team all the very best for the future and look forward to watching
their continued success."

 

For further information, please contact:

OnTheMarket
                  0207 353 4200

Jason Tebb, Chief Executive Officer

Clive Beattie, Chief Financial Officer

Tulchan Communications
0207 353 4200

Giles Kernick

Oliver Norgate

Zeus (Nominated Adviser/Joint Broker)               0203 829 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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