REG - Ondo InsurTech PLC - Warrant Exercise and Director/PDMR Shareholding

Ondo InsurTechAnnouncement

05/02/2025 12:00

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RNS Number : 0435W  Ondo InsurTech PLC  05 February 2025

5 February 2025

Ondo InsurTech Plc

("Ondo" or the "Company")

 

Exercise of Warrants and Director/PDMR Shareholding

 

 

Ondo InsurTech Plc (LSE: ONDO), a leading company in claims prevention
technology for home insurers, announces that Craig Foster, Chief Executive
Officer of the Company, has exercised warrants to subscribe for 889,783
ordinary shares of 5 pence each ("Ordinary Shares") at an exercise price of 25
pence each (the "Warrants") and will be admitted to the Official List under
the Ondo block listing.

 

The Company also announces that Criag Foster has sold 700,000 Ordinary Shares
at an average price of 37p per share, the proceeds of which will be applied to
meet in part the exercise of the Warrants and the resulting tax liability.

 

Following the exercise of the Warrants and the sale of Ordinary Shares Craig
Foster's interest in the Company has increased by 189,783 Ordinary Shares and
he now holds 2,182,341 Ordinary Shares representing 1.7% of the Company's
issued share capital.

 

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

 (Broker & Financial Advisor)       Nick Chambers

                                    Charlie Hall
 Cassiopeia Services Ltd            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                                    Exercise of Warrants

 c)   Price(s) and volume(s)                                        Exercise of Warrants over 889,783 Ordinary Shares at an exercise price of

                                                            25p per warrant

 d)   Aggregated information

 e)   Date of the transaction                                      5 February 2025

 f)   Place of the transaction                                     Outside of a trading venue

 

 

 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  Sale of ordinary shares of 5 pence each

      Identification code                                          ISIN: GB00BNVVGD77

 b)   Nature of the transaction                                    Sale of Ordinary Shares

 c)   Price(s) and volume(s)

Prices  Volumes
                                                                   37.00p  700,000

 

 d)   Aggregated information

 e)   Date of the transaction                                      31 January 2025

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

 

 

d)

 

Aggregated information

 

 

 

 

e)

 

Date of the transaction

 

31 January 2025

f)

 

Place of the transaction

 

London Stock Exchange, Main Market (XLON)

 

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