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Investegate |OnTheMarket plc Announcements | OnTheMarket plc: Completion of Glanty Acquisition & Issue of Shares


 
OnTheMarket plc, the majority agent-owned company which operates the
OnTheMarket.com
 
property portal, is pleased to announce, further to the announcement of 22 March 2021, that it has now completed the acquisition of Glanty Ltd ( Glanty ).
 
The initial consideration of £1,533,477 (the Initial Consideration ) required to be paid by OnTheMarket under the share purchase agreement is being satisfied by way of the issue of 1,528,832 ordinary shares of 0.2 pence each in the capital of OnTheMarket in aggregate (the Consideration Shares ) and a cash payment of £156,000. OnTheMarket also paid £1,355,317 in cash in respect of the settlement of shareholder and certain third party debt in Glanty at completion. ....

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IN BRIEF: OnTheMarket may part with GBP12 million as seals Glanty deal

IN BRIEF: OnTheMarket may part with GBP12 million as seals Glanty deal
lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.

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