The shareholders of OnTheMarket have reached their decision on the portal's controversial takeover by CoStar.
A statement released this afternoon says: "The Board of OnTheMarket is pleased to announce that, at the Court Meeting and General Meeting each held earlier today, the requisite majority of Scheme Shareholders voted (either in person or by proxy) to approve the Scheme at the Court Meeting and the requisite majority of OnTheMarket Shareholders (either in person or by proxy) voted to pass the Special Resolution in connection with the implementation of the Scheme, including the amendment to OnTheMarket's articles of association, at the General Meeting.
"The Scheme was approved by 945 Scheme Shareholders, together representing 94.22 per cent. of Scheme Shareholders who voted (either in person or by proxy) and 97.28 per cent. by value of those Scheme Shares voted.
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