Business
Update to Placing and Admission
Ondo InsurTech plc has successfully raised £2.30 million through an increased placing and subscription, including additional participation from certain directors. The company will issue 6,180,000 Placing Shares and 3,031,200 Subscription Shares, with admission to the London Stock Exchange expected on December 10, 2025. Directors Mark Wood, Craig Foster, Kevin Withington, James Quin, and Greig Paterson have subscribed for a total of 440,000 placing shares, which will result in new post-admission shareholdings ranging from 0.05% to 1.69%. Disclaimer*
About this update from Ondo Insur Tech Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT 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 CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY UK MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\n \n5 December 2025\n \nOndo InsurTech plc\n(\"Ondo\" or the \"Company\")\n \nUpdate to Placing and Admission\n \nOndo InsurTech plc (LSE: ONDO), a leading company in claims prevention technology for home insurers, is pleased to provide the following update to the Placing and Subscription, further to the Company's announcement on 3 December 2025 (\"Launch Announcement\") and Result of Placing & Subscription announcement on 4 December 2025. Definitions used in this announcement have the same meaning as given in the Launch Announcement.\n \nThe Company has received additional interest to participate in the Placing, with additional participation from certain directors of the Company, and as such has increased the size of the Placing to accommodate this interest. Following this, the Company therefore is pleased to have raised £2.30 million (before fees and expenses), in aggregate, via the placing of 6,180,000 Placing Shares to certain Institutional and other investors and a further 3,031,200 Subscription Shares by way of the Subscription.\n \nDirectors' participation\n \nCertain Directors of the Company have undertaken to subscribe to the Placing as follows:\n \n\n\n\n\nName\n\n\nCurrent shareholding\n\n\n&nb...