OnTheMarket plc Exercise of Options and PDMR interests (0957L)
May 11 2022 - 5:02AM
UK Regulatory
TIDMOTMP
RNS Number : 0957L
OnTheMarket plc
11 May 2022
11 May 2022
ONTHEMARKET PLC
("OnTheMarket", the "Group" or the "Company")
Exercise of Options and PDMR interests
OnTheMarket plc, the majority agent-owned company which operates
the OnTheMarket.com property portal, announces that Clive Beattie,
Chief Financial Officer, exercised nil-cost options over 16,515
ordinary shares of GBP0.002 in the Company ("Ordinary Shares") on 9
May 2022. These options were granted under the Company's Employee
Share Option Plan in September 2017.
The Company has also been notified that these shares were sold
on 10 May 2022 at 70p per Ordinary Share to meet personal financial
obligations, which included personal taxes arising on exercise.
The beneficial holding of ordinary shares by Clive Beattie
following the exercise and sale is therefore unchanged at 30,303
Ordinary Shares. In addition, Clive has 50,000 vested options and
671,658 unvested options.
The options were satisfied using shares held as assets for this
purpose within the Company's employee benefit trust. No new equity
was issued and there has been no change to total voting rights.
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 Clive Beattie
-------------------------- --------------------------------------------
2. Reason for notification
------------------------------------------------------------------------
(b) Position / status Chief Financial Officer
-------------------------- --------------------------------------------
(c) Initial notification Initial notification
/ 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 ("Ordinary Shares")
-------------------------- --------------------------------------------
(b) Nature of the transaction Exercise of options to acquire Ordinary
Shares pursuant to the Company's Employee
Share Option Plan
-------------------------- --------------------------------------------
(c) Price(s) and volume Option price nil, volume 16,515 options
-------------------------- --------------------------------------------
(d) Aggregated information N/A
-------------------------- --------------------------------------------
(e) Date of the transaction 9 May 2022
-------------------------- --------------------------------------------
(f) Place of the transaction Outside a trading venue
-------------------------- --------------------------------------------
1. Details of PDMR
(a) Name Clive Beattie
-------------------------- --------------------------------------------
2. Reason for notification
------------------------------------------------------------------------
(b) Position / status Chief Financial Officer
-------------------------- --------------------------------------------
(c) Initial notification Initial notification
/ 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 ("Ordinary Shares")
-------------------------- --------------------------------------------
(b) Nature of the transaction Sale of Ordinary Shares received pursuant
to the Company's Employee Share Option
Plan
-------------------------- --------------------------------------------
(c) Price(s) and volume Sale price 70p, volume 16,515 shares
-------------------------- --------------------------------------------
(d) Aggregated information N/A
-------------------------- --------------------------------------------
(e) Date of the transaction 10 May 2022
-------------------------- --------------------------------------------
(f) Place of the transaction London Stock Exchange. AIM
-------------------------- --------------------------------------------
ENDS
For further information, please contact:
OnTheMarket 0207 353 4200
Jason Tebb, Chief Executive Officer
Tulchan Communications 0207 353 4200
Giles Kernick
Oliver Norgate
Zeus (Nominated Adviser/Joint Broker) 0203 823 5000
Jamie Peel, Martin Green, James Hornigold
(Investment Banking)
Benjamin Robertson (Equity Capital Markets)
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 'Only With Us' properties
which are either exclusive properties advertised at OnTheMarket.com
by customers who do not list their properties with either Rightmove
or Zoopla, or properties listed 24 hours or more before agents
release these properties to Rightmove or Zoopla.
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END
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