REG - Ondo InsurTech PLC - Result of AGM

Ondo InsurTechAnnouncement

23/09/2024 17:45

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RNS Number : 3182F  Ondo InsurTech PLC  23 September 2024

23 September 2024

 

Ondo InsurTech Plc

("Ondo" or the "Company")

 

Result of Annual General Meeting

 

 

Ondo InsurTech Plc (LSE: ONDO), a leading company in claims prevention
technology for home insurers, is pleased to announce that at the Annual
General Meeting held earlier today, all resolutions as set out in the Notice
of Annual General Meeting dated 30 August 2024 were duly passed.

 

The proxy votes received from shareholders on each resolution are set out
below:

 

 Res.  Description                                                                   Votes For   % of votes cast  Votes against  % of votes cast  Total votes cast (excluding votes withheld  Votes Withheld
 Ordinary Resolutions
 1     To receive the 2024 Report and Financial Statements                           33,265,388  99.99%           2,860          0.01%            33,268,248                                  0
 2     To approve the Remuneration Report                                            33,220,190  98.92%           36,175         1.08%            3,358,194                                   11,883
 3     To reappoint PKF Littlejohn LLP as auditors of the Company                    33,253,505  99.99%           2,860          0.01%            33,256,365                                  11,883
 4     Authority to determine remuneration of the auditors                           33,253,505  99.96%           14,743         0.04%            33,268,248                                  0
 5     Authority to allot shares                                                     33,165,421  99.69%           102,761        0.31%            33,268,182                                  66

 6     Adoption of the Ondo Equity Incentive Plan                                    33,253,439  99.96%           14,743         0.04%            33,268,182                                  66
 7     Approval of the Ondo EBT                                                      33,253,439  99.96%           14,743         0.04%            33,268,182                                  66
 Special Resolutions
 8     Disapplication of pr-emption rights                                           33,165,421  99.69%           102,761        0.31%            33,268,182                                  66
 9     Additional disapplication of pre-emption rights (for an acquisition or other  33,165,421  99.69%           102,761        0.31%            33,268,182                                  66
       specified capital investment)
 10    Approval for calling of general meetings on 14 days' notice                   33,265,388  99.99%           2,860          0.01%            33,268,248                                  0

 

 

 

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)       Nick Chambers

                                    Charlie Hall
 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 19 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/)

 

 

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