RNS Number : 3182F
Ondo InsurTech PLC
23 September 2024
 

23 September 2024

 

Ondo InsurTech Plc

("Ondo" or the "Company")

 

Result of Annual General Meeting

 

 

Ondo InsurTech Plc (LSE: ONDO), a leading company in claims prevention technology for home insurers, is pleased to announce that at the Annual General Meeting held earlier today, all resolutions as set out in the Notice of Annual General Meeting dated 30 August 2024 were duly passed.

 

The proxy votes received from shareholders on each resolution are set out below:

 

Res.

Description

Votes For

% of votes cast

Votes against

% of votes cast

Total votes cast (excluding votes withheld

Votes Withheld

Ordinary Resolutions

1

To receive the 2024 Report and Financial Statements

33,265,388

99.99%

2,860

0.01%

33,268,248

0

2

To approve the Remuneration Report

33,220,190

98.92%

36,175

1.08%

3,358,194

11,883

3

To reappoint PKF Littlejohn LLP as auditors of the Company

33,253,505

99.99%

2,860

0.01%

33,256,365

11,883

4

Authority to determine remuneration of the auditors

33,253,505

99.96%

14,743

0.04%

33,268,248

0

5

Authority to allot shares

 

33,165,421

99.69%

102,761

0.31%

33,268,182

66

6

Adoption of the Ondo Equity Incentive Plan

33,253,439

99.96%

14,743

0.04%

33,268,182

66

7

Approval of the Ondo EBT

33,253,439

99.96%

14,743

0.04%

33,268,182

66

Special Resolutions

8

Disapplication of pr-emption rights

33,165,421

99.69%

102,761

0.31%

33,268,182

66

9

Additional disapplication of pre-emption rights (for an acquisition or other specified capital investment)

33,165,421

99.69%

102,761

0.31%

33,268,182

66

10

Approval for calling of general meetings on 14 days' notice

33,265,388

99.99%

2,860

0.01%

33,268,248

0

 

 

 

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

 

 

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