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Ondo InsurTech Plc announced on 30 July 2025 that 7,880,000 Investor Warrants, issued in July 2021 at 20 pence per share, had expired. A total of 7,135,000 warrants were exercised, while 745,000 lapsed, with the proceeds applied to partially pay down HomeServe Assistance Limited Loan Notes and for working capital. The exercise resulted in new ordinary shares being issued, bringing the company's total issued share capital to 134,354,292 ordinary shares.
| Date | 30 Jul 2025 |
| Time | 07:30:00 |
| Category | Capital structure |
| ID | 0852T |
30 July 2025
Ondo InsurTech Plc
("Ondo" or the "Company")
Warrant Exercise
Ondo InsurTech Plc (LSE: ONDO), the claims prevention technology company for home insurers, announces that the warrants issued to investors at the time of the Company's listing in July 2021 (the "Investor Warrants") have now expired. A total of 7,880,000 Investor Warrants were issued with an exercise price of 20 pence per share.
A total of 7,135,000 Investor Warrants have been exercised and the balance of 745,000 have now lapsed. The proceeds received from the exercise of the Investor Warrants will be applied to the partial pay down of the of the HomeServe Assistance Limited Loan Notes and the balance applied to the Company's working capital
The new ordinary shares issued upon exercise of the Investor Warrants have been or will be 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 authority following which the Company's issued share capital will comprise of 134,354,292 ordinary shares of 5 pence each. The Company holds no shares in treasury.
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 Charlie Hall Amber Higgs |
+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, technology that prevents water damage claims in homes. Water damage is the single biggest cause of home insurance claims, accounting for $17 billion annually in the USA and UK combined. LeakBot is a patented, self-install solution that connects to a home's wireless network and alerts the homeowner via the LeakBot mobile app if a leak is detected, offering access to a team of expert engineers to locate and fix the issue.
Ondo partners with 25 insurance carriers, including Nationwide, Liberty Mutual, Admiral, Direct Line Group, Hiscox, Länsförsäkringar, and TopDanmark, across Europe and the USA.
Ondo holds the London Stock Exchange Green Economy Mark, awarded to companies deriving the majority of their income from green activities.
For more information, visit www.ondoplc.com