OnTheMarket plc Result of AGM (7031F)
July 16 2019 - 5:45AM
UK Regulatory
TIDMOTMP
RNS Number : 7031F
OnTheMarket plc
16 July 2019
16 July 2019
OnTheMarket plc
("OnTheMarket" or the "Company")
Result of Annual General Meeting
OnTheMarket plc (AIM: OTMP), the agent-backed company which
operates the OnTheMarket.com property portal, is pleased to
announce that all resolutions as set out in the Notice of Annual
General Meeting dated 21 June 2019 were duly passed today by the
shareholders of the Company.
A copy of the proxy results for the Annual General Meeting will
be available on the OnTheMarket plc website at
plc.onthemarket.com/investors shortly.
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 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 an indication of strongly
increasing consumer engagement with OnTheMarket.com, more than 1
million people were using the portal's property alerts service in
May 2019. OnTheMarket sent over 100 million instant alert emails in
May. To place this in context, in its 2018 results announcement,
Rightmove reported that it had sent an average of 65 million
instant alert emails per month 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
RAGGGUBWMUPBGUQ
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