TIDMOTMP

RNS Number : 6549J

OnTheMarket plc

25 August 2021

25 August 2021

ONTHEMARKET PLC

("OnTheMarket", the "Group" or the "Company")

Grant of options

OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, announces that it granted the following options yesterday over 1,089,308 ordinary shares of GBP0.002 in the Company ("Ordinary Shares").

 
 PDMR              Position                           Type         Number of Ordinary 
                                                       of Award     Shares over which 
                                                                    options awarded 
 Jason Tebb        Chief Executive Officer            LTIP         418,965 
                  ---------------------------------  -----------  ------------------- 
 Clive Beattie     Chief Financial Officer            LTIP         266,896 
                  ---------------------------------  -----------  ------------------- 
 Helen Whiteley    Chief Commercial Officer           LTIP         206,896 
                  ---------------------------------  -----------  ------------------- 
 Morgan Ross       Product and Technology Director    LTIP         196,551 
                  ---------------------------------  -----------  ------------------- 
 

The options vest on 24 August 2024, with a further two year holding period following the vesting date before exercise is possible. All the options have a nil exercise price and are subject to performance conditions based on the total shareholder return achieved by the Company relative to the FTSE AIM 100 Index in the three years to the vesting date.

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation as part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and set out more details of the transactions.

 
 1.    Details of PDMR 
 (a)   Name                                     1. Jason Tebb 
                                                 2. Clive Beattie 
                                                 3. Helen Whiteley 
                                                 4. Morgan Ross 
      --------------------------  --------------------------------------------------------- 
 2.    Reason for notification 
      ------------------------------------------------------------------------------------- 
 (b)   Position / status           1. Chief Executive Officer 
                                    2. Chief Financial Officer 
                                    3. Chief Commercial Officer 
                                    4. Product and Technology Director 
      --------------------------  --------------------------------------------------------- 
 (c)   Initial notification        Initial notification in each case 
        / amendment 
      --------------------------  --------------------------------------------------------- 
 3.    Details of the Issuer 
      ------------------------------------------------------------------------------------- 
 (a)   Name                        OnTheMarket plc 
      --------------------------  --------------------------------------------------------- 
 (b)   LEI                         213800UNVSN2LXD4W113 
      --------------------------  --------------------------------------------------------- 
 4.    Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transaction(s) 
        have been conducted 
      ------------------------------------------------------------------------------------- 
 (a)   Description of the          Ordinary shares of 0.2p each in the capital 
        financial instrument        of the Company ("Shares") 
      --------------------------  --------------------------------------------------------- 
 (b)   Nature of the transaction   Grant of options to acquire Shares pursuant 
                                    to the Company's Long Term Investment 
                                    Plan 
      --------------------------  --------------------------------------------------------- 
 (c)   Price(s) and volume                      Option price nil, volume 1,089,308 options 
                                                 as follows: 
                                                 1. Chief Executive Officer 418,965 
                                                 2. Chief Financial Officer 266,896 
                                                 3. Chief Commercial Officer 206,896 
                                                 4. Product and Technology Director 196,551 
      --------------------------  --------------------------------------------------------- 
 (d)   Aggregated information      N/A 
      --------------------------  --------------------------------------------------------- 
 (e)   Date of the transaction     24 August 2021 
      --------------------------  --------------------------------------------------------- 
 (f)   Place of the transaction    Outside a trading venue 
      --------------------------  --------------------------------------------------------- 
 

ENDS

For further information, please contact:

OnTheMarket 0207 353 4200

Clive Beattie, Chief Financial Officer

Tulchan Communications 0207 353 4200

Giles Kernick

Oliver Norgate

   Zeus Capital (Nominated Adviser/Joint Broker)                                0203 823 5000 

Jamie Peel, Martin Green, James Hornigold

(Corporate Finance)

John Goold, Benjamin Robertson (Broking)

Shore Capital (Joint Broker) 0207 408 4090

Daniel Bush, John More (Corporate Finance)

Fiona Conroy (Corporate Broking)

Background on OnTheMarket :

OnTheMarket plc, the majority agent-owned company which operates the OnTheMarket.com property portal, is a leading UK residential property portal provider.

Its objective is to create value for shareholders and property advertiser customers by delivering an agent-backed, technology enabled portal - offering a first-class service to agents and new homes developers at sustainably fair prices and becoming the go-to portal for serious property-seekers.

OnTheMarket provides a unique opportunity for agents to participate in the equity value of their own portal. Agent backing and support enable OnTheMarket to display "New & Exclusive" properties to serious property-seekers 24 hours or more before agents release these properties to other portals.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHUSSVRAAUWUAR

(END) Dow Jones Newswires

August 25, 2021 02:01 ET (06:01 GMT)

Onthemarket (LSE:OTMP)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Onthemarket Charts.
Onthemarket (LSE:OTMP)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Onthemarket Charts.