15 Jul 2022 07:00
15 July 2022
ONTHEMARKET PLC
("OnTheMarket", the "Group" or the "Company")
Grant of SAYE options and PDMR Dealings
OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, announces that it has launched a 2022 Save As You Earn Scheme (the "2022 SAYE Scheme") offering a saving plan over 3 years for all eligible employees.
Employees were invited to subscribe for options ("Options") over the Company's ordinary shares of £0.002 each in the Company ("Ordinary Shares") which have been granted on 14 July 2022 at an exercise price of £0.692 in accordance with the terms of the 2022 SAYE Scheme. This represents a discount of 20% from the mid-market closing price for an Ordinary Share on 17 June 2022, the business date prior to the invitation made to all eligible employees on 20 June 2022.
A total of 81 employees have participated in the scheme and 821,928 Options have been granted representing 1.10% of the Company's issued share capital.
The following Person Discharging Managerial Responsibility ("PDMR") has chosen to participate in the 2022 SAYE Scheme:
Helen Whiteley, Chief Commercial Officer
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 | Helen Whiteley |
2. | Reason for notification | |
(b) | Position / status | Chief Commercial 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 |
(b) | Nature of the transaction | Grant of options under the 2022 SAYE Scheme |
(c) | Price(s) and volume | Option price £0.692, volume 26,011 options
|
(d) | Aggregated information | N/A |
(e) | Date of the transaction | 14 July 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.