Ondo InsurTech PLC Director / PDMR Dealing (4871O)
February 01 2023 - 1:00AM
UK Regulatory
TIDMONDO
RNS Number : 4871O
Ondo InsurTech PLC
01 February 2023
1(st) February 2023
Ondo InsurTech Plc
(" Ondo " or "the Company")
Director / PDMR Dealing
Ondo InsurTech Plc (LON: ONDO) - the insurtech company which
aims to be the leading provider of claims prevention technology for
home insurers - announces that it has been notified on 31(st)
January 2023 of two share purchases by Directors of the Company
Kevin Withington, an Executive Director and Chief Financial
Officer of the Company, purchased a total of 166,666 ordinary
shares in the Company ("Ordinary Shares") at a price of six pence
per Ordinary Share. Following the transaction Mr. Withington is now
interested in 166,666 ordinary shares, representing 0.24 per cent
of Ondo's issued ordinary share capital.
Additionally, the Company has also been notified that on the
same date Andy Morrison, a Non-Executive Director of the Company,
purchased a total of 400,000 ordinary shares in the Company at a
price of six pence per Ordinary Share. Following the transaction
Mr. Morrison is now interested in 3,400,000 ordinary shares,
representing 4.99 per cent of Ondo's issued ordinary share
capital.
The notification below, which is made in accordance with the
Market Abuse Regulation, provides further details.
The following notifications are intended to satisfy the
Company's obligations under Article 19(3) of the Market Abuse
Regulation.
Enquiries
For further information, please visit www.ondoplc.com or contact the following:
Ondo InsurTech Plc
Craig Foster, Chief Executive Office +44 (0) 800 783 9866
Broker
SI Capital Ltd
Jon Levinson +44 (0) 20 3143 0600
Public & Investor Relations
Cassiopeia Services Ltd
Stefania Barbaglio +44 (0) 7949 690338
About Ondo InsurTech Plc
Ondo InsurTech Plc is a leading provider of claims prevention
technology for home insurers. Ondo's focus is on the global
scale-up of LeakBot - an end-to-end internet of things solution
which protects homes from the impact of water damage. 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. Recent independent
research by Consumer Intelligence found LeakBot can reduce the cost
of water damage claims by 70%.
LeakBot partners with 11 insurance carriers - including Admiral,
Direct Line Group, Hiscox, Mapfre and TopDanmark - across 5
different countries, in Europe and the USA.
In March 2022 LeakBot became the first InsurTech to IPO in
London, as Ondo InsurTech Plc (LSE:ONDO).
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Kevin Withington
--------------------------------- ------------------------------------
2 Reason for notification
--------------------------------- ------------------------------------
a) Position/Status Chief Financial Officer
--------------------------------- ------------------------------------
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 Ordinary shares of 5 pence each
financial instrument, ISIN: GB00BNVVGD77
type of instrument
and identification
code
--------------------------------- ------------------------------------
b) Nature of transaction Purchase of ordinary shares
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
6 pence 166,666
--------------------------------- ------------------------------------
d) Aggregated information 6 pence x 166,666
--------------------------------- ------------------------------------
e) Date of transaction 31(st) January 2023
--------------------------------- ------------------------------------
f) Place of transaction London Stock Exchange, Main Market
(XLON)
--------------------------------- ------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Andy Morrison
--------------------------------- ------------------------------------
2 Reason for notification
--------------------------------- ------------------------------------
a) Position/Status Non Executive Director
--------------------------------- ------------------------------------
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 Ordinary shares of 5 pence each
financial instrument, ISIN: GB00BNVVGD77
type of instrument
and identification
code
--------------------------------- ------------------------------------
b) Nature of transaction Purchase of ordinary shares
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
6 pence 400,000
--------------------------------- ------------------------------------
d) Aggregated information 6 pence x 400,000
--------------------------------- ------------------------------------
e) Date of transaction 31(st) January 2023
--------------------------------- ------------------------------------
f) Place of transaction London Stock Exchange, Main Market
(XLON)
--------------------------------- ------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHUAUWROBUAOAR
(END) Dow Jones Newswires
February 01, 2023 02:00 ET (07:00 GMT)
Spinnaker Acquisitions (LSE:SPAQ)
Historical Stock Chart
From Dec 2024 to Jan 2025
Spinnaker Acquisitions (LSE:SPAQ)
Historical Stock Chart
From Jan 2024 to Jan 2025
