OnTheMarket (AIM: OTMP)   has reported record monthly leads and visits to the site, under the stewardship of interim CEO Clive Beattie, and announced Jason Tebb as incoming Chief Executive, which will come into effect on 14 December 2020.

OnTheMarket continued to set new records in July 2020 with over 2 million leads with an average of 148 leads per advertiser while its number of visits increased to 27.5m for the month with the number of advertisers increasing to approximately 14,000.

The Company also announced Jason Tebb as incoming Chief Executive Officer ("CEO"). Jason will start his role and join the board on 14 December 2020 subject to completion of the normal regulatory due diligence.

The operator of the OnTheMarket.com property portal said this morning that Tebb brings ‘extensive property and estate agency experience across digital and physical markets.’

Prior to his most recent role of COO at Ultimate Holdings, Tebb successfully launched Ivy Gate, an estate and letting agency. Tebb was also a Director at LSL Property Services for three years and has held senior management positions at agents Chestertons and Foxtons.

Since 9 March 2020, Clive Beattie has been Acting CEO in addition to his role as Chief Financial Officer until the formal recruitment process for a permanent CEO was completed.

The Company said Beattie will continue as Acting CEO until Tebb joins the OnTheMarket, at which point he will resume his role as CFO.

Shares in OnTheMarket over the past three months have climbed from 50p in June to open at 90p following news of the July 2020 trading and appointment of a new CEO.

"Jason brings considerable experience in the property industry, particularly having previously run and grown a successful estate and letting agent, which will help drive our ambition to become the portal of choice for agents and consumers,” said Christopher Bell, Non-Executive Chairman.

As a result of this growth, Bell told investors that he “continues to have confidence that OnTheMarket will deliver long term value” to both agents and all of its stakeholders.

"As a business, OnTheMarket has solid foundations with strong operational momentum, and there are clear opportunities for growth by working with the estate agent community to

develop our differentiated portal offering; build a profitable, sustainable and technology-led business and deliver value for agents, shareholders and consumers,” commented Tebb.

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