Grant of SAYE options and PDMR Dealings

OnTheMarket

15/07/2022 07:00

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RNS Number : 5511S  OnTheMarket plc  15 July 2022

15 July 2022

ONTHEMARKET PLC

 

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

 

Grant of SAYE options and PDMR Dealings

OnTheMarket plc, the majority agent-owned company which operates the
OnTheMarket.com (http://www.onthemarket.com) property portal, announces that
it has launched a 2022 Save As You Earn Scheme (the "2022 SAYE Scheme")
offering a saving plan over 3 years for all eligible employees.

Employees were invited to subscribe for options ("Options") over the Company's
ordinary shares of £0.002 each in the Company ("Ordinary Shares") which have
been granted on 14 July 2022 at an exercise price of £0.692 in accordance
with the terms of the 2022 SAYE Scheme. This represents a discount of 20% from
the mid-market closing price for an Ordinary Share on 17 June 2022, the
business date prior to the invitation made to all eligible employees on 20
June 2022.

A total of 81 employees have participated in the scheme and 821,928 Options
have been granted representing 1.10% of the Company's issued share capital.

The following Person Discharging Managerial Responsibility ("PDMR") has chosen
to participate in the 2022 SAYE Scheme:

Helen Whiteley, Chief Commercial Officer

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                                     Helen Whiteley
 2.   Reason for notification
 (b)  Position / status                        Chief Commercial 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
 (b)  Nature of the transaction                Grant of options under the 2022 SAYE Scheme
 (c)  Price(s) and volume                      Option price £0.692, volume 26,011 options

 (d)  Aggregated information                   N/A
 (e)  Date of the transaction                  14 July 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 (Nominated Adviser/Joint Broker)        0203 829 5000

 Jamie Peel, Martin Green, James Hornigold

 (Investment Banking)

 Benjamin Robertson (Corporate Broking)

 Shore Capital (Joint Broker)

 Daniel Bush, John More (Corporate Finance)   0207 408 4090

 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 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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