Business
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. Disclaimer*
About this update from Ondo Insur Tech Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF THE LAWS OF ENGLAND AND WALES PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). UPON PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.\n \n9 December 2025\n \nOndo InsurTech Plc\n \n(\"Ondo\" or the \"Company\")\n \nResult of WRAP Retail Offer\n \nOndo 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.\n \nIn 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.\n \nAdmission and Total Voting Rights\nApplications 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.\n \nAdmission 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...