IN BRIEF: OnTheMarket director and agent shareholders sell 4% stake
16th Feb 2023 12:25
OnTheMarket PLC - Aldershot, Hampshire-based property listing website - Shareholders including Product & Technology Director Morgan Ross sell a total of 3.1 million shares, a 4.1% stake, at 76 pence per share, worth GBP2.4 million, on Thursday. Ross's sale of 1.2 million shares follows his exercise of options for 1.4 million new shares. The other sellers are estate agents who list on the site. Their sale follows the end of a five-year lock-in agreement put in place at the time of OnTheMarket's listing on AIM in 2018. The share placing is conducted as an accelerated bookbuild by Zeus Capital Ltd and Shore Capital Stockbrokers Ltd. Read More