Business
Launch of WRAP Retail Offer
Ondo InsurTech Plc announced a WRAP Retail Offer to raise up to £0.20 million through the issuance of new ordinary shares at 25 pence per share, representing a discount to the prior closing price. This offer is being conducted alongside a larger Placing and Subscription aiming to raise approximately £2.28 million. The proceeds from both offerings will be used for the same purposes, and the WRAP Retail Offer is conditional on the completion of the Placing and Subscription. Admission of the new shares to the Official List and the London Stock Exchange's main market is anticipated on December 11, 2025, with dealings expected to commence thereafter. The WRAP Retail Offer provides existing UK retail shareholders an opportunity to participate, with a minimum subscription of £100. Disclaimer*
About this update from Ondo Insur Tech Plc
[{"type":"text","content":"\n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, 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 \nTHE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE WRAP RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF ONDO INSURTECH PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY WITH SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF ONDO INSURTECH PLC.\n \n4 December 2025\n \nOndo InsurTech Plc\n(\"Ondo\" or the \"Company\")\n \nLaunch of WRAP Retail Offer\n \nOndo Insurtech (LSE: ONDO), a leading company in claims prevention technology for home insurers, is pleased to announce a retail offer via the Winterflood Retail Access Platform (\"WRAP\") to raise up to £0.20m (the \"WRAP Retail Offer\") through the issue of new ordinary shares of 5 pence each in the capital of the Company (\"Ordinary Shares\"). The WRAP Retail Offer is being undertaken alongside a Placing and Subscription to raise approximately £2.28m (before expenses), as announced at 7.00 a.m. on 4 December 2025. Under the WRAP Retail Offer, up to 800,000 new Ordinary Shares (the \"WRAP Retail Offer Shares\") will be made available to eligible retail Shareholders at a price of 25 pence per share (the \"Issue Price\") representing a discount of approximately 17.4 per cent. to the closing price on 2 December 2025.\n \nThe proceeds of the WRAP Retail Offer will be utilised in the same way as the proceeds of the Placing and Subscription.\n \nFor the avoidance o...