OnTheMarket plc Notice of Annual General Meeting (9374C)
June 21 2019 - 1:00AM
UK Regulatory
TIDMOTMP
RNS Number : 9374C
OnTheMarket plc
21 June 2019
21 June 2019
OnTheMarket plc
("OnTheMarket" or the "Company")
Notice of Annual General Meeting
OnTheMarket plc (AIM: OTMP), the agent-backed company which
operates the OnTheMarket.com property portal, today announces that
the Company's Annual General Meeting will be held at the offices of
Eversheds Sutherland, 1 Wood Street, London EC2V 7WS on 16 July
2019 at 9:30 am.
Hard copies of the Company's Annual Report and Consolidated
Financial Statements for the year ended 31 January 2019 (the
"Annual Report") and the Notice of Annual General Meeting will be
posted today to shareholders who elected to receive these.
Electronic copies are available on the Company's website at
https://plc.onthemarket.com within the Investors section.
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
Lucas Bramwell 07939 694 437
Zeus Capital (Nominated Adviser/Joint
Broker)
Martin Green, Pippa Hamnett, Jamie 0203 829 5000
Peel
(Corporate Finance)
Benjamin Robertson, John Goold (Broking)
Shore Capital (Joint Broker)
Daniel Harris 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 May 2019, traffic to OnTheMarket.com reached a new monthly
record of 25.4 million visits*. As at 4 June 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.
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
NOAKMGZVFGDGLZM
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