CORRECTION
The following correction has been
made to the 'Share Incentive Plan Purchase, Director Share Dealing
& Total Voting Rights' announcement released on 3 February 2025
at 7:00 under RNS No 5858V.
The purchase price of Partnership
Shares for the Directors has been corrected to 39.68
pence.
All other details remain
unchanged.
3 February 2025
Ondo
InsurTech Plc
("Ondo"
or the "Company")
Share Incentive Plan
Purchase, Director Share Dealing & Total Voting
Rights
Ondo InsurTech Plc (LSE: ONDO), the
London-listed leader in water damage claims prevention technology
for home insurers, received notification on 30 January 2025 from
Fiduchi Trustees Limited (UK) (the "SIP Trustee") in relation to
the purchase of 12,902 Ondo ordinary shares of 5p each ("Ordinary
Shares") for the benefit of participants of the Ondo Share
Incentive Plan (the "SIP"), which includes Craig Foster and Kevin
Withington, both Directors of the Company, outlined below in
accordance with the rules of the SIP (the "SIP Award").
The SIP is an all-employee trust
arrangement approved by HM Revenue and Customs, under which each
participating employee will acquire Ordinary Shares at the
prevailing market price per share using contributions deducted from
pre-tax salary in each calendar month ("Partnership Shares"), with
each participating employee being awarded one Ordinary Share for
each Partnership Share ("Matching Shares") also acquired by the
SIP.
Details of the number of Partnership
Shares purchased by each of the Directors at a price
of 39.68 pence per Ordinary Share, and the number of Matching
Shares allocated by the SIP Trustee to the participants for no
consideration, is set out against their names in
the table below.
|
Name
|
Title
|
Number of Partnership
Shares
|
Number of Matching
Shares
|
Total resulting beneficial
holding
|
Percentage resulting
beneficial holding
|
|
Craig Foster
|
Chief Executive Officer
|
378
|
378
|
1,992,558
|
1.59%
|
|
Kevin Withington
|
Chief Financial Officer
|
378
|
378
|
296,052
|
0.24%
|
Warrant
Exercise
Stefania Barbaglio, a Non-Executive Director of
the Company, has today exercised warrants over 13,175 Ondo ordinary
shares of 5p each. The New Ordinary Shares have been issued,
allotted and admitted to the Official List of the UK Listing
Authority and to trading on the London Stock Exchange under the
Company's block listing.
Following this transaction Miss Barbaglio is now
interested in 585,506 ordinary shares, representing approximately
0.47 per cent of Ondo's issued ordinary share capital.
Total Voting
Rights
In accordance with the Financial Conduct
Authority's Disclosure and Transparency Rule 5.6.1, the Company is
pleased to provide an update on its Shares in Issue and Total
Voting Rights.
During the month of January 2025, 4,473,170 new
ordinary shares of 5 pence each have been issued pursuant to
warrant and option exercises and these shares were admitted to
trading under the Company's block listing arrangement.
The Company's issued share capital as of 31
January 2025 comprises of 125,697,454 Ordinary Shares of 5 pence
each. The Company holds no shares in treasury.
Each Ordinary Share carries the right to one
vote in relation to all circumstances at general meetings of the
Company. The total number of voting rights in the Company is
therefore 125,697,454.
The above figure may be used by shareholders 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 Company under the FCA's Disclosure and
Transparency Rules.
Enquiries
For further information, please visit www.ondoplc.com or contact the
following:
|
Ondo InsurTech Plc
|
Craig Foster, CEO
Kevin Withington, CFO
|
+44 (0) 800 783 9866
|
|
Dowgate Capital Ltd
(Broker & Financial Advisor)
|
Russell Cook
Nick Chambers
Charlie Hall
|
+44 (0) 20 3903 7715
|
|
Cassiopeia Services Ltd
(PR & Investor Relations)
|
Stefania Barbaglio
|
+44 (0) 7949 690338
|
About Ondo
InsurTech PLC
Ondo is a world leading provider of claims
prevention technology for home insurers. Ondo's focus is on
the global scale-up of LeakBot - claims prevention technology that
prevents water damage claims in houses. Water damage is the single
biggest cause of home insurance claims, accounting for $17bn of
claims every year in the USA and UK combined. LeakBot is a patented
self-install solution that connects to the home wireless network
and, if it detects a leak, notifies the customer via the LeakBot
mobile app and provides access to a team of expert LeakBot
engineers to 'find and fix' the problem. Independent research by
Consumer Intelligence found LeakBot can reduce the cost of water
damage claims by up to 70%.
LeakBot partners with 21 insurance carriers -
including Nationwide, Admiral, Direct Line Group, Hiscox,
Länsförsäkringar and TopDanmark - both in Europe and the
USA.
Ondo holds the coveted London Stock Exchange
Green Economy Mark awarded to companies who derive the majority of
their income from Green activities.
For more information, visit www.ondoplc.com
The
information set out below is provided in accordance with the
requirements of Article 19 of the Market Abuse
Regulations.
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Craig Foster
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Executive Officer and PDMR
|
|
b)
|
Initial notification /Amendment
|
Initial Notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Ondo InsurTech Plc
|
|
b)
|
LEI
|
2138005Y5QBJQMOOI719
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Ordinary shares of 5 pence each
ISIN: GB00BNVVGD77
|
|
b)
|
Nature of the transaction
|
Purchase and allocation of Partnership and
Matching Shares (no consideration), respectively, under the Ondo
SIP.
|
|
c)
|
Price(s) and volume(s)
|
|
Prices
|
Volumes
|
|
39.68p
nil
|
378
378
|
|
|
d)
|
Aggregated information
|
|
Prices
|
Aggregated
volume
|
|
19.84p
|
756
|
|
|
e)
|
Date of the transaction
|
30 January 2025
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Kevin Withington
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Financial Officer and PDMR
|
|
b)
|
Initial notification /Amendment
|
Initial Notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Ondo InsurTech Plc
|
|
b)
|
LEI
|
2138005Y5QBJQMOOI719
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Ordinary shares of 5 pence each
ISIN: GB00BNVVGD77
|
|
b)
|
Nature of the transaction
|
Purchase and allocation of Partnership and
Matching Shares (no consideration), respectively, under the Ondo
SIP.
|
|
c)
|
Price(s) and volume(s)
|
|
Prices
|
Volumes
|
|
39.68p
nil
|
378
378
|
|
|
d)
|
Aggregated information
|
|
Prices
|
Aggregated
volume
|
|
19.84p
|
756
|
|
|
e)
|
Date of the transaction
|
30 January 2025
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Stefania Barbaglio
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
b)
|
Initial notification /Amendment
|
Initial Notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Ondo InsurTech Plc
|
|
b)
|
LEI
|
2138005Y5QBJQMOOI719
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type
of instrument
Identification code
|
Ordinary shares of 5 pence each
ISIN: GB00BNVVGD77
|
|
b)
|
Nature of the transaction
|
Exercise of warrants for ordinary
shares
|
|
c)
|
Price(s) and volume(s)
|
Exercise of Warrants over 13,175 Ordinary
Shares at an exercise price of 25p warrant
|
|
d)
|
Aggregated information
|
n/a
|
|
e)
|
Date of the transaction
|
29 January 2025
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
