4 Feb 2022 10:00
4 February 2022
ONTHEMARKET PLC
("OnTheMarket", the "Group" or the "Company")
PDMR interests
OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, announces that Clive Beattie, Chief Financial Officer, sold 85,000 shares on 3 February 2022 at 100p per Ordinary Share to meet personal financial obligations, which included personal taxes arising on the exercise of options.
The beneficial holding of ordinary shares by Clive Beattie following the exercise and sale is 30,303 Ordinary Shares. In addition, Clive has 66,515 vested options and 671,658 unvested options.
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 transaction.
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 | Sale of Ordinary Shares received pursuant to the Company's Employee Share Option Plan |
(c) | Price(s) and volume | Sale price 100p, volume 85,000 shares
|
(d) | Aggregated information | N/A |
(e) | Date of the transaction | 3 February 2022 |
(f) | Place of the transaction | London Stock Exchange. AIM |
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.