Shore Capital acts as Joint Bookrunner on Secondary Placing of 4.1% of the ordinary shares of OnTheMarket plc

Shore Capital is delighted to have acted as Joint Bookrunner for OnTheMarket plc (AIM: OTMP) on a secondary placing of ordinary shares. In aggregate, 3,130,675 ordinary shares were placed at a price of 76 pence per ordinary share, representing 4.1% of the issued share capital of the Company. The placing was well-supported by institutional investors.

OnTheMarket plc, the majority agent-owned company which operates the 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.

For further information please contact:  

Shore Capital +44 (0) 20 7408 4090

Corporate Advisory: Daniel Bush/John More

Corporate Broking: Fiona Conroy

For Shore Capital media enquiries, please contact:  

Will Poulton: +44 (0)74 8038 3738