REG - Ondo InsurTech PLC - Director/PDMR Shareholding

Ondo InsurTechAnnouncement

15/08/2023 07:30

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RNS Number : 2887J  Ondo InsurTech PLC  15 August 2023

 
15 August 2023

 

Ondo InsurTech Plc

("Ondo" or "the Company")

 

Directors / PDMR Dealing

 

Ondo InsurTech Plc (LON: ONDO), the InsurTech company which aims to be the
leading provider of claims prevention technology for home insurers, announces
that it has been notified that on 14 August 2023, Andy Morrison,
Non-Executive Director of the Company, sold 600,000 ordinary shares in the
Company ("Ordinary Shares") to incoming investors at a price of 30.00
pence per Ordinary Share.

 

Following this transaction Mr. Morrison is now interested in 3,000,000
Ordinary Shares, representing approximately 3.8 per cent of Ondo's issued
ordinary share capital. At the date of admission of Ondo in March 2022, he was
interested in 2,970,971 Ordinary Shares.

 

Commenting on the sales, Andy Morrison said, "The shares sold today correspond
to those purchased by me since admission of Ondo; the proceeds are now
required to fund part redemption of a mortgage. I remain committed to the
Company and to my remaining holdings."

 

The notification below, which is made in accordance with the Market Abuse
Regulation, provides further details.

 

The following notifications are intended to satisfy the Company's obligations
under Article 19(3) of the Market Abuse Regulation.

 

 

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
 SI Capital Ltd                  Nick Emerson        +44 (0) 1483 413500

 (Company Broker)                Jon Levinson        +44 (0) 20 3143 0600
 Cassiopeia Services Ltd         Stefania Barbaglio  +44 (0) 7949 690338

 (PR & Investor Relations)

 

 

 

 a)  Name                                     Andrew John Gowdy Morrison
 2   Reason for 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             Ordinary shares of 5 pence each
     instrument, type of instrument
     and identification code                  ISIN: GB00BNVVGD77
 b)  Nature of transaction                    Sale of ordinary shares
 c)  Price(s) and volume(s)                   Price(s)                               Volume(s)
                                              30 pence
                                              600,000

 d)  Aggregated information                   n/a
 e)  Date of transaction                      14 August 2023
 f)  Place of transaction                     London Stock Exchange, Main Market (XLON)

 

 

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