Exercise of Options and PDMR interests

OnTheMarket

01/12/2022 07:00

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RNS Number : 1536I  OnTheMarket plc  01 December 2022

 1 December 2022

ONTHEMARKET PLC

 

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

 

Exercise of Options and PDMR interests

OnTheMarket plc, the majority agent-owned company which operates the
OnTheMarket.com (http://www.onthemarket.com) property portal, announces that
Clive Beattie, Chief Financial Officer, exercised nil-cost options over 32,500
ordinary shares of £0.002 in the Company ("Ordinary Shares") on 28 November
2022. These options were granted under the Company's Employee Share Option
Plan in September 2017.

The Company has also been notified that these shares were sold on the date of
exercise at a price of 70.5p per Ordinary Share to meet personal financial
obligations, which included taxes arising on exercise.

The beneficial holding of ordinary shares by Clive Beattie following the
exercise and sale is therefore unchanged at 30,303 Ordinary Shares. In
addition, Clive has 17,500 vested options and 671,658 unvested options.

The options were satisfied using shares held as assets for this purpose within
the Company's employee benefit trust. No new equity was issued and there has
been no change to total voting rights.

The notifications set out below are provided in accordance with the
requirements of the EU Market Abuse Regulation as part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018 and set out more details of
the transactions.

 

 1.   Details of PDMR
 (a)  Name                                     Clive Beattie
 2.   Reason for notification
 (b)  Position / status                        Chief Financial Officer
 (c)  Initial notification / amendment         Initial notification
 3.   Details of the Issuer
 (a)  Name                                     OnTheMarket plc
 (b)  LEI                                      213800UNVSN2LXD4W113

 4.   Details of the transaction(s): section to be repeated for (i) each type of
      instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transaction(s) have been conducted
 (a)  Description of the financial instrument  Ordinary shares of 0.2p each in the capital of the Company ("Ordinary Shares")
 (b)  Nature of the transaction                Exercise of options to acquire Ordinary Shares pursuant to the Company's
                                               Employee Share Option Plan
 (c)  Price(s) and volume                      Option price nil, volume 32,500 options

 (d)  Aggregated information                   N/A
 (e)  Date of the transaction                  28 November 2022
 (f)  Place of the transaction                 Outside a trading venue

 

 1.   Details of PDMR
 (a)  Name                                     Clive Beattie
 2.   Reason for notification
 (b)  Position / status                        Chief Financial Officer
 (c)  Initial notification / amendment         Initial notification
 3.   Details of the Issuer
 (a)  Name                                     OnTheMarket plc
 (b)  LEI                                      213800UNVSN2LXD4W113

 4.   Details of the transaction(s): section to be repeated for (i) each type of
      instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transaction(s) have been conducted
 (a)  Description of the financial instrument  Ordinary shares of 0.2p each in the capital of the Company ("Ordinary Shares")
 (b)  Nature of the transaction                Sale of Ordinary Shares received pursuant to the Company's Employee Share
                                               Option Plan
 (c)  Price(s) and volume                      Sale price 70.5p, volume 32,500 shares
 (d)  Aggregated information                   N/A
 (e)  Date of the transaction                  28 November 2022
 (f)  Place of the transaction                 London Stock Exchange. AIM

 

 

ENDS

For further information, please contact:

 

OnTheMarket
                                             0207 353
4200

Jason Tebb, Chief Executive Officer

 

Tulchan
Communications
                        0207 353 4200

Giles Kernick

Oliver Norgate

Zeus (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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