Estate agency portal operator OnTheMarket (LON:OTMP) has given its boss the push and it may not be a cheap thing to do.
Chief executive Ian Springett’s time as chief executive has been terminated by the board. At the time of the AIM flotation in February 2018, Springett had a contract that had been agreed with Agents’ Mutual, the forerunner of on the Market, dating from 2013. This said that he required not less than 12 months notice of termination and his annual salary was £170,000.
The 20...
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