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Jason Tebb, CEO & Clive Beattie, CFO of OnTheMarket #OTMP 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.