March 8 (Reuters) - Onthehouse Holdings Ltd (OTH) : Oth -...

March 8 (Reuters) - Onthehouse Holdings Ltd (OTH) :

• Oth - revised non-binding conditional proposal received (OTH)
• Revised proposal contemplates an all cash consideration of $0.85 per

  Onthehouse share and options over unissued Onthehouse shares

• Independent board committee notes that there is no certainty that the revised

  proposal will result in a binding offer or scheme

• Onthehouse shareholders do not need to take any action in response to the

  revised proposal at this stage