⌘K
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22nd August 2022
Ondo InsurTech Plc
("Ondo" or the "Company")
Result of Annual General Meeting
Ondo InsurTech Plc (LON: ONDO) - the insurtech company which aims to be the leading provider of claims prevention technology for home insurers - announces that the Annual General Meeting was held earlier today and all resolutions put to shareholders were duly passed and approved on a show of hands at the meeting. The results of the proxy voting position received in advance of the meeting are reported below:
|
|
Resolution |
Ordinary/ Special |
For |
|
Against |
|
Total votes cast |
|
|
|
|
No. of votes |
% |
No. of votes |
% |
|
|
1 |
To receive the annual report and accounts for the period ended 28 February 2022
|
Ordinary |
22,732,440 |
100 |
0 |
0 |
22,732,440 |
|
2 |
To approve the Report on Remuneration
|
Ordinary |
22,732,440 |
100 |
0 |
0 |
22,732,440 |
|
3 |
To re-appoint Stefania Barbaglio as a director
|
Ordinary |
22,732,440 |
100 |
0 |
0 |
22,732,440 |
|
4 |
To re-appoint Craig Foster as a director
|
Ordinary |
22,732,440 |
100 |
0 |
0 |
22,732,440 |
|
5 |
To re-appoint Andrew John Gowdy Morrison as a director
|
Ordinary |
22,732,440 |
100 |
0 |
0 |
22,732,440 |
|
6 |
To re-appoint Gregory Mark Wood CBE as a director
|
Ordinary |
22,732,440 |
100 |
0 |
0 |
22,732,440 |
|
7 |
To re-appoint PKF Littlejohn LLP as auditor
|
Ordinary |
22,732,440 |
100 |
0 |
0 |
22,732,440 |
|
8 |
To authorise the Directors to determine the auditor's remuneration.
|
Ordinary |
22,732,440 |
100 |
0 |
0 |
22,732,440 |
|
9 |
To authorise the Directors to allot shares.
|
Ordinary |
22,732,440 |
100 |
0 |
0 |
22,732,440 |
|
10 |
To authorise the Directors to disapply pre-emption rights.
|
Special |
22,315,774 |
98.16 |
416,666 |
1.84 |
22,732,440 |
|
11 |
To authorise calling of a general meeting on 14 clear days' notice.
|
Special |
22,732,440 |
100 |
0 |
0 |
22,732,440 |
A vote withheld is not a vote in law and is not counted in the calculation of votes validly cast for or against a resolution.
The Company's issued share capital is 68,169,612 ordinary shares of £0.05 each.
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 Nick Emerson Jon Levinson |
+44 (0) 1483 413500 +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 on a mission to become the world's 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 and holds the LSE's official Green Economy Mark as a business contributing to the Global Green Economy (LSE:ONDO).
| Date | 22 Aug 2022 |
| Time | 15:31:00 |
| Category | AGMs and other meetings |
| ID | 8182W |