OnTheMarket is to issue more shares for agents who have signed new long-term listing agreements with the property portal.

OnTheMarket issued another stock market update yesterday informing investors that a fresh application has been made to the London Stock Exchange for admission of securities in respect of 21,006 ordinary shares of 0.2 pence each. It is expected that admission will become effective on 31 October 2022.

OTM says that the new ordinary shares have been issued to certain agents following them having earlier signed new long-term listing agreements in accordance with the strategy set out in the admission document published on 26 January 2018.

The statement said: “Following admission, the total number of ordinary shares and voting rights in the company will be 75,123,326. The company does not hold any shares in treasury.

“The above figure may be used by shareholders in the company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the company under the FCA’s disclosure and transparency rules.”