Company Announcements

1 Aug 2022

ONTHEMARKET PLC

("OnTheMarket", the "Group" or the "Company")  

Directorate Change

OnTheMarket plc (AIM: OTMP), the majority agent-owned company which operates the  OnTheMarket.com   property portal, today announces that Clive Beattie has resigned as Chief Financial Officer to pursue another opportunity. The Board has appointed Korn Ferry, an organisational consulting firm, who has commenced a formal recruitment process for a permanent replacement and Clive will remain with OnTheMarket as Chief Financial Officer and a board director until Friday 27 January 2023 to ensure an orderly handover.

Chris Bell, Chairman of OnTheMarket, commented:

"On behalf of the Board I would like to express our thanks to Clive for all that he has done for OnTheMarket, from supporting with our successful AIM listing in 2018, to becoming Acting CEO and ensuring OnTheMarket emerged from the Covid pandemic stronger, through to the launch of our new strategy."

Jason Tebb, Chief Executive Officer of OnTheMarket, commented:

"I would like to personally thank Clive for his support since I joined the business 18 months ago and for helping to execute our strategy of becoming a tech-enabled property business. I wish him well for his future endeavours."

Clive Beattie, Chief Financial Officer, commented:

"It has been a great pleasure working with the team at OnTheMarket and experiencing first-hand the evolution of the Group. I would like to wish Jason and the team all the very best for the future and look forward to watching their continued success."

For further information, please contact:

OnTheMarket                                                              0207 353 4200

Jason Tebb, Chief Executive Officer

Clive Beattie, Chief Financial Officer

Tulchan Communications                                      0207 353 4200

Giles Kernick

Oliver Norgate

Zeus (Nominated Adviser/Joint Broker)               0203 829 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.