Zeus Capital acts as Nomad and Joint Broker to OnTheMarket (Ticker: OTMP) regarding its strategic investment in Glanty Limited and £3m net raise.

OnTheMarket plc, the agent-backed company which operates the OnTheMarket.com property portal, is pleased to announce that it has made a strategic investment for a 20% share in Glanty Ltd (“Glanty”), the owner and developer of ‘teclet’, an automated portal for the lettings industry, designed to reduce overheads and maximise efficiencies for lettings agents. OnTheMarket has also agreed an option to acquire the remaining 80% of Glanty.

OnTheMarket intends to work with Glanty with a view to offering ‘teclet’ and, potentially, further technology solutions to its agent shareholders and customers. This strategic investment is the next step in achieving OnTheMarket’s mission to deliver a market leading, agent backed alternative to Rightmove and Zoopla.

This web page constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 and has been approved by Zeus Capital Limited, which is authorised and regulated by the Financial Conduct Authority