20 Jul 2023 07:00
20 July 2023
ONTHEMARKET PLC
("OnTheMarket", the "Group" or the "Company")
Director Dealing
OnTheMarket plc (AIM: OTMP), the majority agent-owned company which operates the onthemarket.com property portal, today announces it has been informed that Jason Tebb, Chief Executive Officer, has purchased 18,180 ordinary shares in the Company of 0.2 pence each in the Company ("Ordinary Shares") at a price of 55p per Ordinary Share. Following this purchase, Jason is interested in 18,180 Ordinary Shares representing 0.023% of the Company's issued share capital.
In addition, the Company also announces that Rupert Sebag-Montefiore, Independent Non-Executive Director has purchased 20,583 Ordinary Shares at a price of 53.44p per Ordinary Share. Following this purchase, Rupert is interested in 31,948 Ordinary Shares representing 0.04% of the Company's issued share capital.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them, provided in accordance with the requirements of the UK Market Abuse Regulation
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Jason Tebb | |
2 | Reason for the notification | ||
a) | Position/status | Chief Executive Officer | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
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 transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.002
| |
Identification code | OTMP | ||
b) | Nature of transaction | Purchase | |
c) | Price(s) and volume(s) | Price | Volume |
55p | 18,180 | ||
d) | Aggregated information - Aggregated volume - Price |
N/A | |
e) | Date of the transaction | 19 July 2023 | |
f) | Place of the transaction | London Stock Exchange, AIM | |
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Rupert Sebag-Montefiore | |
2 | Reason for the notification | ||
a) | Position/status | Non-Executive Director | |
b) | Initial notification /Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
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 transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of £0.002
| |
Identification code | OTMP | ||
b) | Nature of transaction | Purchase | |
c) | Price(s) and volume(s) | Price | Volume |
53.44p | 20,583 | ||
d) | Aggregated information - Aggregated volume - Price |
N/A | |
e) | Date of the transaction | 18 July 2023 | |
f) | Place of the transaction | London Stock Exchange, AIM | |
Ends.
For further information, please contact:
OnTheMarket 0207 353 4200
Jason Tebb, Chief Executive Officer
Simon Bullock, Interim Chief Financial Officer
Tom Carter, Chief Financial Officer
Teneo 0207 353 4200
Giles Kernick
Alec Tidbury
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 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.