OnTheMarket plc Grant of options (6549J)
August 25 2021 - 01:01AM
UK Regulatory
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.
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END
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