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Ondo InsurTech Plc announced on June 12, 2025, that Non Executive Director Andy Morrison exercised warrants over 200,000 ordinary shares of 5p each on June 11, 2025, at an exercise price of 20 pence per warrant. Mr. Morrison also retains a beneficial interest in a further 525,000 warrants. The newly issued shares have been admitted to the Official List and trading on the London Stock Exchange, bringing his total interest in ordinary shares to 3,400,000, representing approximately 2.5 per cent of Ondo's issued ordinary share capital.
| Date | 12 Jun 2025 |
| Time | 07:00:09 |
| Category | Director/PDMR dealings |
| ID | 4863M |
12 June 2025
Ondo Insurtech Plc
("Ondo" or the "Company")
Director/PDMR Dealing
Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology for home insurers, announces that Andy Morrison, a Non Executive Director of the Company, has exercised warrants over 200,000 Ondo ordinary shares of 5p each ("New Ordinary Shares"). The warrants are exercisable at a price of 20 pence per warrant and are due expire on 28 July 2025. Mr. Morrison retains a beneficial interest in a further 525,000 of these warrants.
The New Ordinary Shares have been issued, allotted and admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange under the Company's block listing.
Together with the warrants exercised by Mr. Morrison in January 2025, he is now interested in 3,400,000 ordinary shares, representing approximately 2.5 per cent of Ondo's issued ordinary 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.
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1. |
Details of PDMR / person closely associated with them ("PCA"). |
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a) |
Name |
Andrew Morrison |
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2 |
Reason for notification |
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a) |
Position/Status |
Non Executive Director |
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b) |
Initial Notification / amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer |
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|
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or auction monitor |
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a) |
Name |
Ondo InsurTech Plc |
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b) |
LEI |
2138005Y5QBJQMOOI719 |
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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 |
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a) |
Description of the financial |
Ordinary shares of 5 pence each |
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instrument, type of instrument |
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|
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and identification code |
ISIN: GB00BNVVGD77 |
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b) |
Nature of transaction |
Exercise of warrants for ordinary shares |
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c) |
Price(s) and volume(s) |
Price Volume 20p 200,000
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d) |
Aggregated information |
n/a |
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e) |
Date of transaction |
11 June 2025 |
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f) |
Place of transaction |
Outside of a trading venue |