Issue of Equity - Result of WRAP Retail Offer
Ondo InsurTech Plc has successfully raised aggregate gross proceeds of approximately £2.38 million through a Placing, Subscription, and WRAP Retail Offer, with the WRAP Retail Offer alone contributing £76,482 from the issuance of 305,928 new Ordinary Shares at 25 pence per share. The Placing and Subscription shares will be admitted to the London Stock Exchange on December 10, 2025, with the WRAP Retail Offer shares to follow on December 11, 2025. Upon the second admission, the Company's total issued ordinary share capital will be 149,898,093 Ordinary Shares, all carrying one voting right each.
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Result of WRAP Retail Offer
Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology for home insurers, is pleased to confirm, further to the announcement made on 4 December 2025, the result of its Fundraise at the Issue Price of 25 pence per share. The Company announces that it has raised aggregate gross proceeds of approximately £76,482 pursuant to the WRAP Retail Offer. Accordingly, the Company will issue a total of 305,928 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer.
In total, the Placing, the Subscription and the WRAP Retail Offer have raised gross proceeds of approximately £2.38 million for the Company, via the Placing and the Subscription of 9,211,200 Placing and Subscription Shares and the 305,928 WRAP Retail Offer Shares.
Admission and Total Voting Rights
Applications have been made for the Placing and Subscription Shares and the WRAP Retail Offer Shares to be admitted to listing in the 'Equity shares (transition)' listing category of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange.
Admission of the Placing Shares and the Subscription Shares ("First Admission") will become effective and dealings will commence at 8.00 a.m. on 10 December 2025. Admission of the WRAP Retail Offer Shares ("Second Admission") will become effective and dealings will commence at 8.00 a.m. on 11 December 2025.
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Upon Second Admission, the Company's issued ordinary share capital will consist of 149,898,093 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 149,898,093. With effect from Second Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
The new Ordinary Shares to be issued pursuant to the WRAP Retail Offer will be issued free of all liens, charges and encumbrances and will, on Second Admission, rank pari passu in all respects with the new Ordinary Shares to be issued pursuant to the Placing, the Subscription and the Company's existing Ordinary Shares.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 7.00am on 3 December 2025.
The Company's LEI is 2138005Y5QBJQMOOI719.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.