11 June 2024
Ondo Insurtech Plc
("Ondo" or the "Company")
Director share dealing
Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology for home insurers, announces that Craig Foster, the Company CEO, has transferred 828,307 Ondo ordinary shares of 5p each ("Ordinary Shares") from his personal holding into his Self Invested Pension Plan (SIPP) and into a Personal Individual Savings Account (ISA).
Mr Foster sold 689,444 Ordinary Shares from his personal holding which were then repurchased by his SIPP and a further 138,863 Ordinary Shares through a "Bed and ISA" transaction sold from his personal holding, repurchased by his personal ISA.
All transactions were undertaken at a price of 14.25p per Ordinary Share.
As part of these transactions Mr Foster has also sold 4,340 Ordinary Shares at 14.25p to meet stamp duty and dealing charges.
Following his subscription for 164,285 Ordinary Shares in the recent share placing, and the transactions outlined above, Craig Foster now holds 1,939,512 Ordinary Shares representing 1.67 per cent 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 PDMR / person closely associated with them ("PCA"). | |
| a) | Name | Craig Foster |
| 2 | Reason for notification | |
| a) | Position/Status | Chief Executive 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 financial | Ordinary shares of 5 pence each |
| | instrument, type of instrument | |
| | and identification code | ISIN: GB00BNVVGD77 |
| b) | Nature of transaction | 1. Sale of Ordinary Shares from personal holding 2. Purchase of Ordinary Shares by SIPP |
| c) | Price(s) and volume(s) | Price(s) Volume(s)
1. 14.25p 1. 692,990 2. 14.25p 2. 689,444
|
| d) | Aggregated information | n/a |
| e) | Date of transaction | 7 June 2024 |
| f) | Place of transaction | London Stock Exchange, Main Market (XLON) |
| 1. | Details of PDMR / person closely associated with them ("PCA"). | |
| a) | Name | Craig Foster |
| 2 | Reason for notification | |
| a) | Position/Status | Chief Executive 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 financial | Ordinary shares of 5 pence each |
| | instrument, type of instrument | |
| | and identification code | ISIN: GB00BNVVGD77 |
| b) | Nature of transaction | 1. Sale of Ordinary Shares from personal holding 2. Purchase by ISA |
| c) | Price(s) and volume(s) | Price(s) Volume(s)
3. 14.25p 1. 139,657 4. 14.25p 2. 138,863
|
| d) | Aggregated information | n/a |
| e) | Date of transaction | 7 June 2024 |
| f) | Place of transaction | London Stock Exchange, Main Market (XLON) |
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