Grant of options

OnTheMarket

02/12/2022 07:00

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RNS Number : 3444I  OnTheMarket plc  02 December 2022

2 December 2022

ONTHEMARKET PLC

 

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

 

Grant of options

OnTheMarket plc, the majority agent-owned company which operates the
OnTheMarket.com (http://www.onthemarket.com) property portal, announces that
it granted the following options yesterday over 1,119,998 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           575,172
 Helen Whiteley  Chief Commercial Officer         LTIP           282,758
 Morgan Ross     Product and Technology Director  LTIP           262,068

 

The options vest on 1 December 2025, 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.           Helen Whiteley

                                               3.           Morgan Ross

 2.   Reason for notification
 (b)  Position / status                        1.           Chief Executive Officer

                                               2.           Chief Commercial Officer

                                               3.           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 1,119,998 options as follows:

                                               1. Chief Executive Officer 575,172

                                               2. Chief Commercial Officer 282,758

                                               3. Product and Technology Director 262,068
 (d)  Aggregated information                   N/A
 (e)  Date of the transaction                  1 December 2022
 (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

(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 (http://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 (http://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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