Business
Replacement-Proposed placing to raise up to £1.08m
Replacement-Proposed placing to raise up to £1.08m.
About this update from Ondo Insur Tech Plc
[{"type":"text","content":"\n\nThe following amendments have been made to the 'Proposed placing by way of an accelerated bookbuild to raise up to £1.08 million' released on 30 November 2023 at 17.00 under RNS No 2812V.\n \nUnder the heading 'Details of the Placing'\nThe Company was proposing to raise approximately £1.08 million not £5.0m as stated and the relevant sentence should read 'The Company is proposing to raise gross proceeds of approximately £1.08 million through the proposed placing of the Placing Shares at the Placing Price'\n \nUnder the heading 'Summary and highlights'\nThe statement refers to IS27001, which should read ISO27001. The corrected sentence should read 'The Placing proceeds will be used to provide further working capital to pursue existing contracted opportunities, in particular to accelerate the ISO27001 accreditation technology project which will support the existing rollout plans with Nationwide Mutual Insurance Company'\n \nAll other details remain unchanged.\n \nThe full amended text is shown below.\n \n \nTHIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND FOR INFORMATION PURPOSES ONLY AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION, DISTRIBUTION, OFFER OR SALE WOULD BE UNLAWFUL.\n \nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO PURCHASE AND/OR SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN ONDO INSURTECH PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF ONDO INSURTECH PLC.\n \nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (REGULATION 596/2014/EU) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN ...