REG - Ondo InsurTech PLC - Director/PDMR Shareholding

Ondo InsurTechAnnouncement

11/06/2024 12:15

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RNS Number : 9972R  Ondo InsurTech PLC  11 June 2024

11 June 2024

Ondo Insurtech Plc

("Ondo" or the "Company")

 

Director share dealing

 

Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology
for home insurers, announces that Craig Foster, the Company CEO, has
transferred 828,307 Ondo ordinary shares of 5p each ("Ordinary Shares") from
his personal holding into his Self Invested Pension Plan (SIPP) and into a
Personal Individual Savings Account (ISA).

 

Mr Foster sold 689,444 Ordinary Shares from his personal holding which were
then repurchased by his SIPP and a further 138,863 Ordinary Shares through a
"Bed and ISA" transaction sold from his personal holding, repurchased by his
personal ISA.

 

All transactions were undertaken at a price of 14.25p per Ordinary Share.

 

As part of these transactions Mr Foster has also sold 4,340 Ordinary Shares at
14.25p to meet stamp duty and dealing charges.

 

Following his subscription for 164,285 Ordinary Shares in the recent share
placing, and the transactions outlined above, Craig Foster now holds 1,939,512
Ordinary Shares representing 1.67 per cent of the Company's issued share
capital.

 

 

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                                    Craig Foster
 2   Reason for notification
 a)  Position/Status                         Chief Executive Officer
 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                   1.   Sale of Ordinary Shares from personal holding

                                             2.   Purchase of Ordinary Shares by SIPP
 c)  Price(s) and volume(s)                  Price(s)                           Volume(s)

                                             1.  14.25p                        1.   692,990

                                             2.  14.25p                        2.   689,444

 d)  Aggregated information                  n/a
 e)  Date of transaction                     7 June 2024
 f)  Place of transaction                    London Stock Exchange, Main Market (XLON)

 

 

 

 1.  Details of PDMR / person closely associated with them ("PCA").
 a)  Name                                    Craig Foster
 2   Reason for notification
 a)  Position/Status                         Chief Executive Officer
 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                   1.   Sale of Ordinary Shares from personal holding

                                             2.   Purchase by ISA
 c)  Price(s) and volume(s)                  Price(s)                           Volume(s)

                                             3.  14.25p                        1.   139,657

                                             4.  14.25p                        2.   138,863

 d)  Aggregated information                  n/a
 e)  Date of transaction                     7 June 2024
 f)  Place of transaction                    London Stock Exchange, Main Market (XLON)

 

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