OnTheMarket plc Notification of Final Results (9068A)
June 03 2019 - 3:00AM
UK Regulatory
TIDMOTMP
RNS Number : 9068A
OnTheMarket plc
03 June 2019
3 June 2019
OnTheMarket plc
("OnTheMarket" or the "Company")
Notification of Final Results for the Year Ended 31 January
2019
OnTheMarket plc (AIM: OTMP), the agent-backed company which
operates the OnTheMarket.com property portal, will announce its
final results for the year ended 31 January 2019 on Thursday 13
June 2019.
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, Jamie Peel, Pippa
Hamnett 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
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