15 August 2023
Ondo InsurTech Plc
("Ondo" or "the Company")
Directors / 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 that on 14 August 2023, Andy Morrison, Non-Executive Director of the Company, sold 600,000 ordinary shares in the Company ("Ordinary Shares") to incoming investors at a price of 30.00 pence per Ordinary Share.
Following this transaction Mr. Morrison is now interested in 3,000,000 Ordinary Shares, representing approximately 3.8 per cent of Ondo's issued ordinary share capital. At the date of admission of Ondo in March 2022, he was interested in 2,970,971 Ordinary Shares.
Commenting on the sales, Andy Morrison said, "The shares sold today correspond to those purchased by me since admission of Ondo; the proceeds are now required to fund part redemption of a mortgage. I remain committed to the Company and to my remaining holdings."
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, CEO | +44 (0) 800 783 9866 |
| SI Capital Ltd (Company Broker) | Nick Emerson Jon Levinson | +44 (0) 1483 413500 +44 (0) 20 3143 0600 |
| Cassiopeia Services Ltd (PR & Investor Relations) | Stefania Barbaglio | +44 (0) 7949 690338
|
| a) | Name | Andrew John Gowdy 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 financial | Ordinary shares of 5 pence each |
| | instrument, type of instrument | |
| | and identification code | ISIN: GB00BNVVGD77 |
| b) | Nature of transaction | Sale of ordinary shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) |
| | | 30 pence 600,000 |
| | | |
| d) | Aggregated information | n/a |
| e) | Date of transaction | 14 August 2023 |
| f) | Place of transaction | London Stock Exchange, Main Market (XLON) |
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