OnTheMarket has applied for 220,319 new ordinary shares to be admitted to the London Stock Exchange.
The shares have been issued to certain agents in return for new long-term listing agreements. The agents have not been named, and nor is it known how many there are.
The new shares, worth around £209,300 in total, are expected to be admitted this Thursday.
The company now has a total of 62,037,247 shares.
OTM listed on AIM in February last year, with a strategy of distributing over 36.4m shares to agents joining since.
Yesterday, OTM’s shares dropped some 3.5% to finish at around 99p, higher than the low of 72p in January, but down from both its launch price and the high of 181p last May.
Comments (11)
Benfield, I agree when did anyone get shares and a flat rate of £400 per month from Rightmove?
There are some weird fish on this site still promoting RM, it doesn’t make sense.
If you dump RM whilst on free trail with OTM, if it doesn’t work for you then you can always go back, just think how much you could save as you would become a new user on RM and benefits from reduced rates, shhhhh I didn’t tell you that!
As the industry contracts and businesses close, Rightmove will continue raising their charges, maybe by even more than normal to offset the lost Advertisers.
OTM is £400 per month and you’ll have some shares to show for it when your contracted period is up.
Back OTM or carry on assisting Rightmove to charge whatever they want in the future.
Got to keep dangling the carrot to keep people interested and focused.
Ive been informed its £400pm but they give back to me £200pm worth of shares.
At what price is that £200 pm shares quoted at?
I have heard stories of £200 shares per month being offered but the share price is £1.65 when if you look at today’s trading they are only tradling at 0.94p.
That makes the share value only £113.74 from the moment they get the shares – already lose £87 per month on the ‘Golden ticket’
We come to the end of the free trial very soon, been trying to get a figure for continuing but get nothing but smoke and mirrors from the rep who refuses to give me any prices without an appointment, why?
Because they are rude and rubbish Jezza, thats why….. at least they were to me
Please stay dear I promise to be better in future.
Can you lend me a turkey (not sure of the correct cockney phrase for £20). I just need one last fix.
Seriously though it really needs to plough everything it has into advertising and raise its profile massively to stand a chance.
Its a ‘score’ – your fix is close enough
The city about as impressed with their initial misleading plan to topple rightmove as me then.
Bit like brexit. Yes,yes the nhs will get more money if you choose us instead.
If OTM is that good with leads etc that people keep claiming, why do they have to pay companies to join them?