OnTheMarket plc Notice of Interim Results (3459D)
October 09 2018 - 1:00AM
UK Regulatory
TIDMOTMP
RNS Number : 3459D
OnTheMarket plc
09 October 2018
9 October 2018
OnTheMarket plc
Notification of Interim Results for the six months ended 31 July
2018
OnTheMarket plc (AIM: OTMP), the agent-backed company which
operates the OnTheMarket.com property portal, will announce its
interim results for the six months to 31 July 2018 on Thursday 11
October 2018.
Analysts interested in attending the results meeting should
contact TB Cardew for further information at
onthemarket@tbcardew.com.
ENDS
For further information, please
contact:
TB Cardew (Financial PR adviser) 0207 930 0777 / onthemarket@tbcardew.com
Ed Orlebar 07738 724 630
Tom Allison 07789 998 020
Zeus Capital (Nominated Adviser/Joint
Broker)
Martin Green, Pippa Underwood,
Jamie Peel (Corporate Finance) 0203 829 5000
Benjamin Robertson, John Goold
(Broking)
Stockdale Securities (Joint Broker)
Daniel Harris, Rose Ramsden 0207 601 6100
Background on OnTheMarket:
Launched in January 2015, the OnTheMarket.com property portal
was created by Agents' Mutual Limited, a company limited by
guarantee and founded in January 2013 by a small group of agent
firms, with the objective of creating a new portal to challenge the
dominance of Rightmove and Zoopla. Both groups were felt to be
using their strong positions relative to their agent customers to
impose significant price increases for their portal services.
The Agents' Mutual proposition of an agent-backed portal
offering a premier search service to property-seekers whilst
charging fair prices to agents quickly found support among a very
wide group of leading independent agents across the UK. These firms
funded the venture by way of loan note subscriptions and committed
to list with the portal once it went live.
OnTheMarket is the third biggest UK residential property portal
provider in terms of traffic and has, with backing from its agent
owners, developed unique sources of competitive advantage such as
the "New and Exclusive" property listings.
OnTheMarket plc was admitted to AIM on Friday 9 February 2018
alongside a capital raise of GBP30 million to support a new growth
strategy for the business.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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