OnTheMarket plc (LON:OTMP), the majority agent-owned company which operates the OnTheMarket.com property portal, has said that it has been informed Rupert Sebag-Montefiore, Independent Non-Executive Director, has purchased 11,365 ordinary shares of 0.2 pence each in the Company at a price of 90 pence per Ordinary Share.
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.
With over 3,000 estate and letting agent shareholders, operating over 6,000 offices, the company provides a unique opportunity for agents to participate in the equity value of their own portal. Agent backing and support enable the company to display thousands of “New & exclusive” properties every month to serious property-seekers 24 hours or more before agents release these properties to other portals.