REG - Ondo InsurTech PLC - Director/PDMR Shareholding

Ondo InsurTechAnnouncement

20/12/2024 07:00

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RNS Number : 8470Q  Ondo InsurTech PLC  20 December 2024

20 December 2024

 

Ondo InsurTech plc

("Ondo" or the "Company")

 

Grant of Options

 

Ondo InsurTech plc (LSE: ONDO), a leading company in claims prevention
technology for home insurers, the Company's Remuneration Committee has
approved the grant options over 2,045,372 ordinary shares of 5p each in the
Company ("Ordinary Shares") pursuant to the Company's Enterprise Management
Incentive Plan (the "EMI Options") and options over a further 1,854,628
Ordinary Shares as Unapproved Share Options ("Unapproved Options").

 

The EMI Options and the Unapproved Options (together the "Options") are
exercisable at a price of 36.5p, being the average closing share price over
the 10 business days to 19 December 2024 and will vest across the 48 months
from the date of grant.  Once vested the Options may be exercised at any time
before the fifth anniversary of the date of the award.

 

The Options comprise:

 

1.    The award of 855,372 EMI Options and 1,604,628 Unapproved Options to
the following directors of the Company:

 

 Name              Position                 Number of Ordinary Shares over which Options granted  Total number of Ordinary Shares over which Options held following grant  Total number of Ordinary Shares held  Percentage of Current Issued Share Capital held
 Craig Foster      Chief Executive Officer  1,600,000                                             3,919,999                                                                1,990,986                             1.7%
 Kevin Withington  Chief Financial Officer  600,000                                               1,289,071                                                                294,480                               0.3%
 Mark Wood         Chairman                 260,000                                               260,000                                                                  2,155,152                             1.9%

 

 

2.    EMI Options over 1,190,000 Ordinary Shares granted to other employees
of the Company on the same terms as those awarded to the Directors.

 

3.    Unapproved Options of 250,000 Ordinary Shares granted to certain
other employees that do not qualify under the EMI plan, also on the same terms
as the Directors.

 

Following the grant of Options, the total number of Options outstanding over
unissued Ordinary Shares is 10,441,618 representing approximately 8.62% of the
Company's issued share capital.

 

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 Limited            Russell Cook            +44 (0) 20 3903 7715

 (Broker & Financial Advisor)       Nicholas Chambers

                                    Charlie Hall

 Cassiopeia Services Limited        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 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                                    Grant of options under EMI plan share and further non-approved share options

 c)    Price(s) and volume(s)                                       Exercise price: 36.5p

EMI Options  Unapproved Options
                                                                    136,986      1,463,014

 

 d)    Aggregated information                                       n/a

 e)    Date of the transaction                                      20 December 2024

 f)    Place of the transaction                                     Outside of a trading venue

 

 

d)

 

Aggregated information

 

 

n/a

 

e)

 

Date of the transaction

 

20 December 2024

f)

 

Place of the transaction

 

Outside of a trading venue

 

 

 

 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                                    Grant of options under EMI plan share and further non-approved share options

 c)    Price(s) and volume(s)                                       Exercise price: 36.5p

EMI Options  Unapproved Options
                                                                    458,386      141,614

 

 d)    Aggregated information                                       n/a

 e)    Date of the transaction                                      20 December 2024

 f)    Place of the transaction                                     Outside of a trading venue

 

 

d)

 

Aggregated information

 

 

n/a

 

e)

 

Date of the transaction

 

20 December 2024

f)

 

Place of the transaction

 

Outside of a trading venue

 

 

 

 1     Details of the person discharging managerial responsibilities / person closely

     associated

 a)    Name                                                         Mark Wood

 2     Reason for the notification

 a)    Position/status                                              Chairman 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                                    Grant of options under EMI plan share

 c)    Price(s) and volume(s)                                       Exercise price: 36.5p

                                                                    260,000

 d)    Aggregated information                                       n/a

 e)    Date of the transaction                                      20 December 2024

 f)    Place of the transaction                                     Outside of a trading venue

 

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