REG - Ondo InsurTech PLC - Director/PDMR Shareholding and Total Voting Rights

Ondo InsurTechAnnouncement

03/02/2025 07:15

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RNS Number : 5858V  Ondo InsurTech PLC  03 February 2025

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 339.68 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 (http://www.ondoplc.com) www.ondoplc.com
(http://www.ondoplc.com)   or contact the following:

 

 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)

 

 

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 (http://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  Ordinary shares of 5 pence each

       Identification code                                          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  378

                                                                    nil     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)

 

 

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  Ordinary shares of 5 pence each

       Identification code                                          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  378

                                                                    nil     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)

 

 

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  Ordinary shares of 5 pence each

       Identification code                                          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

 

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