21 Jun 2022 07:00
21 June 2022
ONTHEMARKET PLC
("OnTheMarket", the "Group" or the "Company")
Grant of options
OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, announces that it awarded the following options, under the Company's Deferred Benefit Plan ("DBP"), yesterday over 429,467 ordinary shares of £0.002 in the Company ("Ordinary Shares").
PDMR | Position | Type of Award | Number of Ordinary Shares over which options awarded |
Jason Tebb | Chief Executive Officer | DBP | 145,052 |
Clive Beattie | Chief Financial Officer | DBP | 96,862 |
Helen Whiteley | Chief Commercial Officer | DBP | 107,445 |
Morgan Ross | Product and Technology Director | DBP | 80,108 |
The options vest in two equal tranches on 20 June 2024 and 20 June 2025, before exercise is possible. All the options have a nil exercise price and require continued employment, subject to exceptions.
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 | 1. Jason Tebb 2. Clive Beattie 3. Helen Whiteley 4. Morgan Ross
|
2. | Reason for notification | |
(b) | Position / status | 1. Chief Executive Officer 2. Chief Financial Officer 3. Chief Commercial Officer 4. Product and Technology Director |
(c) | Initial notification / amendment | Initial notification in each case |
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 ("Shares") |
(b) | Nature of the transaction | Grant of options under the Deferred Benefit Plan |
(c) | Price(s) and volume | Option price nil, volume 429,467 options as follows: 1. Chief Executive Officer 145,052 2. Chief Financial Officer 96,862 3. Chief Commercial Officer 107,445 4. Product and Technology Director 80,108 |
(d) | Aggregated information | N/A |
(e) | Date of the transaction | 20 June 2022 |
(f) | Place of the transaction | Outside a trading venue |
ENDS
For further information, please contact:
OnTheMarket Clive Beattie, Chief Financial Officer | 0207 353 4200 |
Tulchan Communications Giles Kernick Oliver Norgate
|
0207 353 4200
|
Zeus (Nominated Adviser/Joint Broker) Jamie Peel, Martin Green, James Hornigold (Investment Banking) Benjamin Robertson (Corporate Broking)
Shore Capital (Joint Broker) Daniel Bush, John More (Corporate Finance) Fiona Conroy (Corporate Broking) |
0203 829 5000
0207 408 4090 |
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.