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Issue of Equity and Total Voting Rights

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RNS Number : 8912R
OnTheMarket plc
01 November 2019
 

1 November 2019

ONTHEMARKET PLC

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


Issue of Equity and Total Voting Rights

 

OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, today announces that an application has been made to the London Stock Exchange for admission of securities in respect of 1,071,035 ordinary shares of 0.2 pence each ("New Ordinary Shares").

These New Ordinary Shares have been issued to certain new and existing 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. It is expected that admission will become effective on 6 November 2019.

Following admission, the total number of ordinary shares and voting rights in the Company will be 64,817,948. 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

Ian Springett, CEO

Clive Beattie, CFO

0207 930 0777

 

TB Cardew (Financial PR adviser)

Ed Orlebar

Alycia MacAskill

 

0207 930 0777 / [email protected]

07738 724 630

07876 222 703

 

Zeus Capital (Nominated Adviser/Joint Broker)

Martin Green, Pippa Hamnett, Jamie Peel

(Corporate Finance)

Benjamin Robertson, John Goold (Broking)   

 

Shore Capital (Joint Broker)

Daniel Bush

Fiona Conroy

 

0203 829 5000

 

 

 

 

 

0207 408 4090

 

Background on OnTheMarket:

OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, is the third biggest UK residential property portal provider in terms of traffic. It aims to deliver a market-leading, agent-backed alternative to Rightmove and Zoopla, offering a first-class service to agents at sustainably fair prices and becoming the go-to portal for serious property-seekers.

OnTheMarket plc was admitted to AIM in February 2018 with £30 million in new capital in order to support a new growth strategy for the business.

At its IPO in February 2018, OnTheMarket was 70% owned by over two thousand agent firms.

With backing from its agent owners, OnTheMarket has developed unique sources of competitive advantage such as the thousands of "New & exclusive" property listings it receives every month from its agents to display 24 hours or more before they are on Rightmove or Zoopla.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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IOELLFEDISLLVIA

Quick facts: OnTheMarket PLC

Price: 76.5

Market: LSE
Market Cap: £53.3 m
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