3 October 2024
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 1 October 2024 from Fiduchi Trustees
Limited (UK) (the "SIP Trustee") in relation to the purchase of
31,700 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 14.0 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
|
1,071
|
1,071
|
1,988,866
|
1.71%
|
|
Kevin Withington
|
Chief Financial Officer
|
1,071
|
1,071
|
292,380
|
0.25%
|
Enquiries
For further information, please visit www.ondoplc.com or contact the
following:
|
Ondo InsurTech Plc
|
Craig Foster, CEO
Kevin Withington, CFO
|
+44 (0) 800 783 9866
|
|
Dowgate Capital Ltd
(Broker & Financial Advisor)
|
Russell Cook
Nick Chambers
Charlie Hall
|
+44 (0) 20 3903 7715
|
|
Cassiopeia Services Ltd
(PR & Investor Relations)
|
Stefania Barbaglio
|
+44 (0) 7949 690338
|
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
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
Identification code
|
Ordinary shares of 5 pence each
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
|
|
14.0p
nil
|
1,071
1,071
|
|
|
d)
|
Aggregated information
|
|
Prices
|
Aggregated
volume
|
|
7.0p
|
2,142
|
|
|
e)
|
Date of the transaction
|
1 October 2024
|
|
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
Identification code
|
Ordinary shares of 5 pence each
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
|
|
14.0p
nil
|
1,071
1,071
|
|
|
d)
|
Aggregated information
|
|
Prices
|
Aggregated
volume
|
|
7.0p
|
2,142
|
|
|
e)
|
Date of the transaction
|
1 October 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|