OnTheMarket plc Grant of options (3444I)
December 02 2022 - 2:00AM
UK Regulatory
TIDMOTMP
RNS Number : 3444I
OnTheMarket plc
02 December 2022
2 December 2022
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 1,119,998 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 575,172
--------------------------------- ----------- -------------------
Helen Whiteley Chief Commercial Officer LTIP 282,758
--------------------------------- ----------- -------------------
Morgan Ross Product and Technology Director LTIP 262,068
--------------------------------- ----------- -------------------
The options vest on 1 December 2025, 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. Helen Whiteley
3. Morgan Ross
-------------------------- ---------------------------------------------------------
2. Reason for notification
-------------------------------------------------------------------------------------
(b) Position / status 1. Chief Executive Officer
2. Chief Commercial Officer
3. 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 1,119,998 options
as follows:
1. Chief Executive Officer 575,172
2. Chief Commercial Officer 282,758
3. Product and Technology Director 262,068
-------------------------- ---------------------------------------------------------
(d) Aggregated information N/A
-------------------------- ---------------------------------------------------------
(e) Date of the transaction 1 December 2022
-------------------------- ---------------------------------------------------------
(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
(Investment Banking)
Benjamin Robertson (Corporate 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 '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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