Warrant Exercise and Director/PDMR Shareholding
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Ondo InsurTech Plc (LSE: ONDO), a leading company in claims prevention technology for home insurers, announces that Craig Foster, Chief Executive Officer of the Company, has exercised warrants to subscribe for 889,783 ordinary shares of 5 pence each ("Ordinary Shares") at an exercise price of 25 pence each (the "Warrants") and will be admitted to the Official List under the Ondo block listing.
The Company also announces that Criag Foster has sold 700,000 Ordinary Shares at an average price of 37p per share, the proceeds of which will be applied to meet in part the exercise of the Warrants and the resulting tax liability.
Following the exercise of the Warrants and the sale of Ordinary Shares Craig Foster's interest in the Company has increased by 189,783 Ordinary Shares and he now holds 2,182,341 Ordinary Shares representing 1.7% of the Company's issued share capital.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Craig Foster | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer and PDMR | ||||
| b) | Initial notification /Amendment | Initial Notification | ||||
| a) | Name | Ondo InsurTech Plc | ||||
| b) | LEI | 2138005Y5QBJQMOOI719 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 5 pence each ISIN: GB00BNVVGD77 | ||||
| b) | Nature of the transaction | Exercise of Warrants | ||||
| c) | Price(s) and volume(s) | Exercise of Warrants over 889,783 Ordinary Shares at an exercise price of 25p per warrant | ||||
| d) | Aggregated information | |||||
| e) | Date of the transaction | 5 February 2025 | ||||
| f) | Place of the transaction | Outside of a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Craig Foster | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer and PDMR | ||||
| b) | Initial notification /Amendment | Initial Notification | ||||
| a) | Name | Ondo InsurTech Plc | ||||
| b) | LEI | 2138005Y5QBJQMOOI719 | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Sale of ordinary shares of 5 pence each ISIN: GB00BNVVGD77 | ||||
| b) | Nature of the transaction | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | |||||
| e) | Date of the transaction | 31 January 2025 | ||||
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
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