OnTheMarket plc Appointment of Joint Broker (8129A)
June 03 2019 - 1:01AM
UK Regulatory
TIDMOTMP
RNS Number : 8129A
OnTheMarket plc
03 June 2019
3 June 2019
ONTHEMARKET PLC
("OnTheMarket" or the "Company")
Appointment of Joint Broker
OnTheMarket plc (AIM: OTMP), the agent-backed company which
operates the OnTheMarket.com property portal, announces the
appointment of Shore Capital Stockbrokers Limited as Joint Broker,
with immediate effect. This follows the completion of the
acquisition of Stockdale Securities Limited by Shore Capital
Markets Limited.
ENDS
For further information, please contact:
OnTheMarket
Ian Springett, CEO
Clive Beattie, CFO 0207 930 0777
TB Cardew (Financial PR adviser) 0207 930 0777 / onthemarket@tbcardew.com
Ed Orlebar 07738 724 630
Alycia MacAskill 07876 222 703
Zeus Capital (Nominated Adviser/Joint
Broker)
Martin Green, Pippa Hamnett,
Jamie Peel 0203 829 5000
(Corporate Finance)
Benjamin Robertson, John Goold
(Broking)
Shore Capital (Joint Broker)
Daniel Harris, Rose Ramsden 0207 601 6100
Background on OnTheMarket:
OnTheMarket plc, the agent--backed company which operates the
OnTheMarket.com property portal, is the third biggest UK
residential property portal provider in terms of traffic. It aims
to deliver a market--leading, agent--backed alternative to
Rightmove and Zoopla, offering a first--class service to agents at
sustainably fair prices and becoming the go--to portal for serious
property--seekers.
OnTheMarket plc was admitted to AIM in February 2018 with GBP30
million in new capital in order to support a new growth strategy
for the business.
In January 2019, OnTheMarket delivered more than 7 times as many
phone and email leads and 4 times the number of visits to its
portal compared with February 2018, the month of the Company's
admission to AIM. The portal's traffic in January exceeded 23.5
million visits*, a new monthly record.
As at 8 April 2019, OnTheMarket.com had over one million people
using its property alert service. To place this milestone in
context, in its 2018 results announcement, Rightmove stated that
'over two million people' had received property alerts from it
during the year.
At its IPO in February 2018, OnTheMarket was 70% owned by over
two thousand agent firms.
With backing from its agent owners, OnTheMarket has developed
unique sources of competitive advantage such as the thousands of
"New & exclusive" property listings it receives every month
from its agents to display 24 hours or more before they are on
Rightmove or Zoopla.
*Visits comprise individual sessions on OnTheMarket.com's web
based portal or mobile applications by users for the period
indicated as measured by Google Analytics. Data for leads generated
is reported from the Company's operating systems.
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
APPCKDDNQBKDBPN
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