Grant of options

OnTheMarket

25/08/2021 07:00

RNS Number : 6549J

OnTheMarket plc

25 August 2021

 

25 August 2021

ONTHEMARKET PLC

 

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

 

Grant of options

OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, announces that it granted the following options yesterday over 1,089,308 ordinary shares of £0.002 in the Company ("Ordinary Shares").

 

PDMR
Position
Type of Award
Number of Ordinary Shares over which options awarded
Jason Tebb
Chief Executive Officer
LTIP
418,965
Clive Beattie
Chief Financial Officer
LTIP
266,896
Helen Whiteley
Chief Commercial Officer
LTIP
206,896
Morgan Ross
Product and Technology Director
LTIP
196,551

 

The options vest on 24 August 2024, with a further two year holding period following the vesting date before exercise is possible. All the options have a nil exercise price and are subject to performance conditions based on the total shareholder return achieved by the Company relative to the FTSE AIM 100 Index in the three years to the vesting date.

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
1. Jason Tebb
2. Clive Beattie
3. Helen Whiteley
4. Morgan Ross
2.
Reason for notification
(b)
Position / status
1. Chief Executive Officer
2. Chief Financial Officer
3. Chief Commercial Officer
4. Product and Technology Director
(c)
Initial notification / amendment
Initial notification in each case
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 ("Shares")
(b)
Nature of the transaction
Grant of options to acquire Shares pursuant to the Company's Long Term Investment Plan
(c)
Price(s) and volume
Option price nil, volume 1,089,308 options as follows:
1. Chief Executive Officer 418,965
2. Chief Financial Officer 266,896
3. Chief Commercial Officer 206,896
4. Product and Technology Director 196,551
(d)
Aggregated information
N/A
(e)
Date of the transaction
24 August 2021
(f)
Place of the transaction
Outside a trading venue

 

 

ENDS

For further information, please contact:

 

OnTheMarket                                                                                        0207 353 4200

Clive Beattie, Chief Financial Officer

 

Tulchan Communications                                                                    0207 353 4200

Giles Kernick

Oliver Norgate

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

Jamie Peel, Martin Green, James Hornigold

(Corporate Finance)

John Goold, Benjamin Robertson (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 "New & Exclusive" properties to serious property-seekers 24 hours or more before agents release these properties to other portals.

 

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