Ondo InsurTech PLC Warrant Exercise and Director/PDMR Shareholding
February 05 2025 - 5:54AM
RNS Regulatory News
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
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
|
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
|
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
Identification code
|
Sale of ordinary shares of 5 pence
each
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)
|
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END
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