REG - Ondo InsurTech PLC - Director/PDMR Share Dealing

Ondo InsurTechAnnouncement

11/03/2025 17:00

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RNS Number : 2525A  Ondo InsurTech PLC  11 March 2025

11 March 2025

Ondo Insurtech Plc

("Ondo" or the "Company")

 

Director/PDMR Share dealing

 

Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology
for home insurers, announces that Charlene Hill, spouse of Chief Executive,
Craig Foster, exercised warrants over 125,000 ordinary shares of 5 pence each
in the capital of the Company ("Ordinary Shares") at an exercise price of 25
pence per warrant on 7 March 2025 ("New Ordinary Shares"). On the same day,
Charlene Hill also sold 105,000 Ordinary shares (to cover taxes and exercise
costs) at a price of 35.8 pence, having previously held 250,000 Ordinary
Shares. Following the warrant exercise and share sale Charlene Hill is now
interested in 270,000 Ordinary Shares, which represents approximately 0.21% of
the issued share capital of the Company.

 

The New Ordinary Shares have been admitted to listing on the Equity Shares
(Transition) category of the Official List of the Financial Conduct Authority
and to trading on the London Stock Exchange's main market for listed
securities under the Company's block listing.

 

Charlene Hill's interests in the Company were acquired through her
participation in the fundraising undertaken by the Company in March 2022 in
conjunction with its acquisition of the entire issued share capital of LeakBot
Limited by way of a reverse takeover. At that time Charlene Hill was not a
person closely associated ("PCA") with Craig Foster for UK MAR purposes.
Following their marriage in August 2023, Charlene Hill has been a PCA with
Craig Foster and accordingly, her interests should have been incorporated with
and reflected when reporting the interests of Craig Foster, but this
disclosure was not made in error.

 

Craig Foster's interests in the Company as at 1 August 2023 were as set out
below:

 

                Shareholding at August 2023  % of issued share capital  Number of warrants  Number of share options
 Craig Foster   1,779,567                    2.23%                      889,783             2,320,000
 Charlene Hill  250,000                      0.32%                      125,000             -
 Total          2,029,567                    2.55%                      1,014,783           2,320,000

 

Following the share sale and exercise of warrants described above, as at 11
March 2025, Craig Foster's beneficial interests in the Company are now:

 

               Shareholding((1))  % of issued share capital  Number of warrants  Number of share options
 Craig Foster  2,448,844          1.90%                      -                   3,920,000

 

(1)   270,000 Ordinary Shares are held by Craig Foster's wife

 

 

 

Enquiries

 

 Ondo InsurTech Plc                 Craig Foster, CEO       +44 (0) 800 783 9866

                                    Kevin Withington, CFO
 Dowgate Capital Ltd                Russell Cook            +44 (0) 20 3903 7715

 (Broker & Financial Advisor)       Nick Chambers

                                    Charlie Hall
 Cassiopeia Services Ltd            Stefania Barbaglio       +44 (0) 7949 690338

 (PR & Investor Relations)

 

The information set out below is provided in accordance with the requirements
of Article 19 of the Market Abuse Regulations.

 

 1.  Details of PDMR / person closely associated with them ("PCA").
 a)  Name                                    Charlene Hill
 2   Reason for notification
 a)  Position/Status                         PCA - spouse of Craig Foster, Chief Executive 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            Ordinary shares of 5 pence each
     instrument, type of instrument

     Identification code                     ISIN: GB00BNVVGD77
 b)  Nature of transaction                   Exercise of warrants for ordinary shares
 c)  Price(s) and volume(s)                  Exercise of warrants over 125,000 Ordinary Shares at an exercise price of 25
                                             pence per warrant

 d)  Aggregated information                  n/a
 e)  Date of transaction                     7 March 2025
 f)  Place of transaction                    Outside of a trading venue

 

 

 1.  Details of PDMR / person closely associated with them ("PCA").
 a)  Name                                    Charlene Hill
 2   Reason for notification
 a)  Position/Status                         PCA - spouse of Craig Foster, Chief Executive 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            Ordinary shares of 5 pence each
     instrument, type of instrument

     Identification code                     ISIN: GB00BNVVGD77
 b)  Nature of transaction                   Sale of Ordinary Shares
 c)  Price(s) and volume(s)

Price  Volumes
                                             35.8p  105,000

 

 d)  Aggregated information                  n/a
 e)  Date of transaction                     7 March 2025
 f)  Place of transaction                    London Stock Exchange, Main Market (XLON)

 

 

d)

Aggregated information

n/a

e)

Date of transaction

7 March 2025

f)

Place of transaction

London Stock Exchange, Main Market (XLON)

 

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