REG - Ondo InsurTech PLC - Director/PDMR Shareholding

Ondo InsurTechAnnouncement

04/03/2025 07:30

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RNS Number : 1880Z  Ondo InsurTech PLC  04 March 2025

4 March 2025

 

Ondo InsurTech Plc

("Ondo" or the "Company")

 

Share Incentive Plan Purchase

 

Director/PDMR Shareholding

 

Ondo InsurTech Plc (LSE: ONDO), a leading company in claims prevention
technology for home insurers, received notification on 28 February 2025 from
Fiduchi Trustees Limited (UK) (the "SIP Trustee") in relation to the purchase
of 14,740 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 34.75 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  432                           432                         2,183,205                          1.70%
 Kevin Withington  Chief Financial Officer  432                           432                        296,916                             0.23%

 

 

 

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)       Amber Philipps
 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 23 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

                                                                    34.75p  432

                                                                    nil     432

 

 d)    Aggregated information

Prices  Aggregated volume

                                                                    17.38p  864

 
 e)    Date of the transaction                                      28 February 2025

 f)    Place of the transaction                                     London Stock Exchange, Main Market (XLON)

 

 

d)

 

Aggregated information

 

 

 

 Prices  Aggregated volume

 17.38p  864

 

e)

 

Date of the transaction

 

28 February 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

                                                                    34.75p  432

                                                                    nil     432

 

 d)    Aggregated information

Prices  Aggregated volume

                                                                    17.38p  864

 
 e)    Date of the transaction                                      28 February 2025

 f)    Place of the transaction                                     London Stock Exchange, Main Market (XLON)

 

 

d)

 

Aggregated information

 

 

 

 Prices  Aggregated volume

 17.38p  864

 

e)

 

Date of the transaction

 

28 February 2025

f)

 

Place of the transaction

 

London Stock Exchange, Main Market (XLON)

 

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