REG - OnTheMarket plc - Issue of Equity and Total Voting Rights

OnTheMarketAnnouncement

27/07/2023 07:15

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RNS Number : 2606H  OnTheMarket plc  27 July 2023

27 July 2023

ONTHEMARKET PLC

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

Issue of Equity and Total Voting Rights

 

OnTheMarket plc, the majority agent-owned company which operates
the OnTheMarket.com (https://www.onthemarket.com/)  property portal, today
announces that an application has been made to the London Stock Exchange for
admission of securities in respect of 134,630 ordinary shares of 0.2 pence
each ("New Ordinary Shares"). It is expected that admission will become
effective on 31 July 2023.

The New Ordinary Shares have been issued to certain agents following them
having earlier signed new long-term listing agreements in accordance with the
strategy set out in the admission document published on 26 January 2018.

Following admission, the total number of ordinary shares and voting rights in
the Company will be 80,207,785. The Company does not hold any shares in
treasury.

The above figure may be used by shareholders in the Company as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the share capital
of the Company under the FCA's Disclosure and Transparency Rules.

ENDS

For further information, please contact:

 OnTheMarket                                                      0207 353 4200

 Jason Tebb, Chief Executive Officer

 Tom Carter, Chief Financial Officer

 Teneo                                                            0207 353 4200

 Giles Kernick

 Alec Tidbury

 Zeus (Nominated Adviser and Joint Broker)

 Jamie Peel, Martin Green, James Hornigold (Investment Banking)   0203 829 5000

 Benjamin Robertson (Corporate Broking)

 Shore Capital (Joint Broker)

 Daniel Bush, John More (Corporate Finance)

 Fiona Conroy (Corporate Broking)

                                                                  0207 408 4090

 

 

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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