26th September 2022

Ondo InsurTech Plc

("Ondo" or "the Company")

Change of Accounting Reference Period

Ondo InsurTech Plc (LON: ONDO) The Company announces that it will be changing its accounting reference date and financial year end from 28th February to 31st March.

The accounting reference date change to 31 March has been made to align the Company's accounting reference dates with LeakBot Ltd and LeakBot USA Inc subsidiaries which will also change accounting reference dates and financial year end to 31st March. 

As a result, the Company's next four financial reporting events will be as follows:

·      Publication of unaudited interim accounts for the 6 months to 31 August 2022 (unchanged), not later than 30 November 2022

·      Publication of audited accounts for the 13 months to 31 March 2023, not later than 30 June 2023

·      Publication of unaudited interim accounts for the 6 months to 30 September 2023, not later than 31 December 2023

·      Publication of audited accounts for the 12 months to 31 March 2024, not later than 30 June 2024

Enquiries

For further information, please visit www.ondoplc.com  or contact the following: 

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 (LSE:ONDO).