Share Incentive Plan Purchase
Ondo InsurTech Plc has announced that its Share Incentive Plan (SIP) purchased 26,960 ordinary shares on March 31, 2026, at a price of 14.9 pence per share, with an additional 26,960 matching shares allocated at no cost. This transaction benefits participants including CEO Craig Foster, who acquired 1,006 partnership shares and received 1,006 matching shares, increasing his beneficial holding to 2,505,046 shares (1.67%), and CFO Kevin Withington, who also acquired 1,006 partnership shares and received 1,006 matching shares, bringing his beneficial holding to 353,118 shares (0.23%).
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Ondo InsurTech Plc (LSE: ONDO), a leading provider of claims prevention technology for home insurers, received notification on 31 March 2026 from Fiduchi Trustees Limited (UK) (the "SIP Trustee") in relation to the purchase of 26,960 Ondo ordinary shares of 5 pence each ("Ordinary Shares") for the benefit of participants of the Ondo Share Incentive Plan (the "SIP"), which includes Craig Foster and Kevin Withington, both Directors of the Company, outlined below in accordance with the rules of the SIP (the "SIP Award").
Details of the number of Partnership Shares purchased by each of the Directors at a price of 14.9 pence per Ordinary Share, and the number of Matching Shares allocated by the SIP Trustee to the participants for no consideration, is set out against their names in the table below.
| Craig Foster (1) | Chief Executive Officer | 1,006 | 1,006 | 2,505,046 | 1.67% |
| Kevin Withington | Chief Financial Officer | 1,006 | 1,006 | 353,118 | 0.23% |
- 270,000 Ordinary Shares are held by Craig Foster's wife.
| 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 |
| c) | Price(s) and volume(s) | Prices Volumes 14.90p Nil 1,006 1,006 |
| d) | Aggregated information | Prices Aggregated volume 7.45p 2,012 |
| e) | Date of the transaction | 31 March 2026 |
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Kevin Withington |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial 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 |
| c) | Price(s) and volume(s) | Prices Volumes 14.90p Nil 1,006 1,006 |
| d) | Aggregated information | Prices Aggregated volume 7.45p 2,012 |
| e) | Date of the transaction | 31 March 2026 |
| f) | Place of the transaction | London Stock Exchange, Main Market (XLON) |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.