OnTheMarket plc (LON:OTMP), the majority agent-owned company which operates its property portal, has announced that an application has been made to the London Stock Exchange for admission of securities in respect of 405,149 ordinary shares of 0.2 pence each. It is expected that admission will become effective on 3 August 2020.
105,149 New Ordinary Shares have been issued to certain agents following them having earlier signed new long-term listing agreements in accordance with the strategy set out in the admission document published on 26 January 2018.
300,000 New Ordinary Shares have been issued in connection with the exercise of options under employee share schemes.
Following admission, the total number of ordinary shares and voting rights in the Company will be 71,785,737. The Company does not hold any shares in treasury.
The above figure may be used by shareholders in OnTheMarket as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.