REG - Ondo InsurTech PLC - Update to Placing and Admission

Ondo InsurTechAnnouncement

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RNS Number : 5158K  Ondo InsurTech PLC  05 December 2025

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND FOR
INFORMATION PURPOSES ONLY AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, AND DOES NOT CONSTITUTE AN OFFER
OF SECURITIES FOR SALE IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA,
JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION, DISTRIBUTION, OFFER OR SALE WOULD BE UNLAWFUL.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). IN ADDITION, MARKET SOUNDINGS
(AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS
CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME
AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY UK MAR. UPON THE PUBLICATION
OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE
PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF
INSIDE INFORMATION.

 

5 December 2025

 

Ondo InsurTech plc

("Ondo" or the "Company")

 

Update to Placing and Admission

 

Ondo InsurTech plc (LSE: ONDO), a leading company in claims prevention
technology for home insurers, is pleased to provide the following update to
the Placing and Subscription, further to the Company's announcement on 3
December 2025 ("Launch Announcement") and Result of Placing & Subscription
announcement on 4 December 2025. Definitions used in this announcement have
the same meaning as given in the Launch Announcement.

 

The Company has received additional interest to participate in the Placing,
with additional participation from certain directors of the Company, and as
such has increased the size of the Placing to accommodate this interest.
Following this, the Company therefore is pleased to have raised £2.30 million
(before fees and expenses), in aggregate, via the placing of 6,180,000 Placing
Shares to certain Institutional and other investors and a further 3,031,200
Subscription Shares by way of the Subscription.

 

Directors' participation

 

Certain Directors of the Company have undertaken to subscribe to the Placing
as follows:

 

 Name              Current shareholding   Total Number of Placing Shares   Share-holding upon Admission  % holding upon Admission
 Mark Wood         2,334,652              200,000                          2,534,652                     1.69%
 Craig Foster      2,458,252              40,000                           2,498,252                     1.67%
 Kevin Withington  306,324                40,000                           346,324                       0.23%
 James Quin        -                      80,000                           80,000                        0.05%
 Greig Paterson    -                      80,000                           80,000                        0.05%

 

For the avoidance of doubt, these director subscriptions are not in addition
to those announced in the Result of Placing & Subscription announcement on
4 December 2025.

 

Application for Admission

 

Applications have been made for the Placing Shares and Subscription Shares to
be admitted to listing in the 'Equity shares (transition)' listing category of
the Official List of the Financial Conduct Authority (the "FCA") and to
trading on the main market for listed securities of London Stock Exchange plc
(the "London Stock Exchange").

 

It is now expected that admission of the Placing Shares and the Subscription
Shares ("First Admission") will become effective and dealings will commence at
8.00 a.m. on 10 December 2025.

 

As announced previously, it is expected that admission of the WRAP Retail
Offer Shares will become effective and dealings will commence at 8.00 a.m. on
11 December 2025.

 

The Placing is conditional upon, among other things, First Admission becoming
effective and the Placing Agreement not being terminated in accordance with
its terms.

 

The New Ordinary Shares, when issued, will be credited as fully paid and will
rank pari passu in all respects with the Company's then Existing Ordinary
Shares, including the right to receive all dividends and other distributions
declared, made or paid on or in respect of such shares after the date of
issue.

 

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

 (Sole Bookrunner, Broker & Financial Advisor)       Dan Ingram

                                                     Amber Higgs
 Cassiopeia Services Ltd                             Stefania Barbaglio       +44 (0) 7949 690338

 (PR & Investor Relations)

 

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