REG - Ondo InsurTech PLC - Exercise of Options

Ondo InsurTechAnnouncement

22/03/2024 15:15

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RNS Number : 0235I  Ondo InsurTech PLC  22 March 2024

22 March 2024

 

Ondo InsurTech plc

("Ondo" or "the Company")

 

Exercise of Options

 

Ondo InsurTech plc (LSE: ONDO), a leading company in water leak prevention
technology, announces that it has received notification from an employee to
exercise options over 145,401 ordinary shares of 5 pence each in the capital
of the Company ("New Ordinary Shares").

 

Applications have been made to the Financial Conduct Authority ("FCA") and to
the London Stock Exchange for the New Ordinary Shares to be admitted to the
Standard segment of the Official List of the FCA and to trading on the London
Stock Exchange's Main Market for listed securities respectively ("Admission").
It is expected that Admission will become effective at 8.00 a.m. on 26 March
2024. The New Ordinary Shares shall rank pari passu in all respects with the
Company's existing ordinary shares.

 

Total Voting Rights

 

Following Admission, the enlarged issued share capital of the Company will
comprise 86,694,763 ordinary shares of 5 pence each in the capital of the
Company ("Ordinary Shares"), with voting rights. The Company does not hold any
Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares in
the Company with voting rights will be 86,694,763.

 

The aforementioned figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure Guidance 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 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)

 

About Ondo InsurTech Plc

 

Ondo InsurTech Plc 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 70%.

 

LeakBot partners with 16 insurance carriers - including Nationwide, Admiral,
Direct Line Group, Hiscox, Länsförsäkringar and TopDanmark - both in Europe
and the USA.

 

For more information, visit www.ondoplc.com (http://www.ondoplc.com/)

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