Jason Tebb & Clive Beattie of OnTheMarket discuss the potential of paying dividends, if approved at GM

Justin Waite
Vox Markets Podcast
06:25, 3rd May 2022

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Jason Tebb, CEO & Clive Beattie, CFO of OnTheMarket #OTMP FOLLOW discusses the announcement of a General Meeting for a proposed cancellation of capital that, if approved by shareholders at the General Meeting and by the courts, would provide the Company with greater flexibility to pay dividends and/or introduce a share buyback programme.

About 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.

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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