25 Jan 2022 07:00
25 January 2022
ONTHEMARKET PLC
("OnTheMarket", the "Group" or the "Company")
Exercise of Options, PDMR interests and Total Voting Rights
OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, announces that Clive Beattie, Chief Financial Officer, exercised nil-cost options over 85,000 ordinary shares of £0.002 in the Company ("Ordinary Shares") on 21 January 2022. These options were granted under the Company's Employee Share Option Plan in September 2017.
The beneficial holding of ordinary shares by Clive Beattie following the exercise is 115,303 Ordinary Shares. In addition, Clive has 66,515 vested options and 671,658 unvested options.
Issue of equity
The Company has made application to the London Stock Exchange for the issue of securities in respect of 85,000 new Ordinary Shares to be admitted to trading on AIM in relation to the exercise of these share options and it is expected that admission will become effective on 26 January 2022.
Total voting rights
Following the issue of equity and admission of the new Ordinary Shares pursuant to the exercise of share options, the Company's issued share capital will comprise 74,446,447 Ordinary Shares and this 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. The Company does not hold any shares in treasury.
The notification set out below is 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 | Clive Beattie |
2. | Reason for notification | |
(b) | Position / status | Chief Financial 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 ("Ordinary Shares") |
(b) | Nature of the transaction | Exercise of options to acquire Ordinary Shares pursuant to the Company's Employee Share Option Plan |
(c) | Price(s) and volume | Option price nil, volume 85,000 options
|
(d) | Aggregated information | N/A |
(e) | Date of the transaction | 21 January 2022 |
(f) | Place of the transaction | Outside a trading venue |
ENDS
For further information, please contact:
OnTheMarket 0207 353 4200
Jason Tebb, Chief Executive 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
(Corporate Finance)
Benjamin Robertson (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.