OnTheMarket plc OTMP renews major brand contracts and signs agent
October 13 2022 - 2:01AM
RNS Non-Regulatory
TIDMOTMP
OnTheMarket plc
13 October 2022
13 October 2022
ONTHEMARKET PLC
("OnTheMarket", "OTM", the "Group" or the "Company")
OnTheMarket renews major brand contracts and signs high-growth
estate agency group to the portal
OnTheMarket plc (AIM: OTMP), the majority agent-owned company
which operates the OnTheMarket.com property portal, is pleased to
announce the renewal of contracts with existing customers and the
signing of an agreement with Lomond Group.
Contract Renewals
On the Group's admission to AIM in February 2018, many of our
agency customers at that time committed to listing agreements with
a five-year minimum term, running initially to February 2023. We
are pleased to announce that several of the highest profile agency
brands have signed new agreements including but not limited to;
* Arun Estates * Knight Frank
* Savills
* Chancellors
* Spicerhaart
* Chestertons
* Webbers
* Douglas & Gordon
* Glentree * Carter Jonas
Lomond Group
Alongside these important contract renewals, OnTheMarket is
pleased to announce an agreement with Lomond Group, to list its
properties with the portal. The fast-growing network of sales and
lettings businesses encompasses over 60 branches across many
well-known agency brands located across England and Scotland.
In July, Foxtons, one of London's leading estate agencies with
50 interconnected branches, similarly committed to a listing
agreement, significantly expanding the portal's presence in the
capital.
Jason Tebb, Chief Executive Officer of OnTheMarket, commented :
"We have been successfully broadening the technology capabilities
and functionality of our agent-focussed products and services,
ensuring we continue to offer greater value to agents and consumers
alike. The commitment of these major brands and our valued
long-term agency customers and shareholders is proof that our
strategy is working. We look forward to unveiling many more
innovations as we continue to develop our differentiated,
technology-enabled property business."
Ends.
For further information, please contact:
OnTheMarket
Jason Tebb, Chief Executive Officer
Clive Beattie, Chief Financial Officer 0207 353 4200
Tulchan Communications (Financial 0207 353 4200
PR Adviser) onthemarket@tulchangroup.com
Giles Kernick
Alec Tidbury
Zeus Capital (Nominated Adviser/Joint
Broker)
Jamie Peel, Martin Green, James Hornigold
(Investment Banking) 0203 829 5000
Benjamin Robertson (Corporate Broking)
Shore Capital (Joint Broker)
Daniel Bush, John More (Corporate Finance)
Fiona Conroy (Corporate Broking) 0207 408 4090
About 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, tech-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 enables OnTheMarket to display Only With Us properties
to serious property seekers either exclusively* or 24 hours or more
before agents release these properties to Rightmove or Zoopla.
* Exclusive properties are properties advertised at
OnTheMarket.com by customers who do not list their properties with
either Rightmove or Zoopla.
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