Business
Director/PDMR Share Dealing
Director/PDMR Share Dealing.

About this update from Ondo Insur Tech Plc
11 March 2025 Ondo Insurtech Plc (" Ondo " or the "Company") Director/PDMR Share dealing Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology for home insurers , announces that Charlene Hill, spouse of Chief Executive, Craig Foster, exercised warrants over 125,000 ordinary shares of 5 pence each in the capital of the Company ("Ordinary Shares") at an exercise price of 25 pence per warrant on 7 March 2025 ("New Ordinary Shares"). On the same day, Charlene Hill also sold 105,000 Ordinary shares (to cover taxes and exercise costs) at a price of 35.8 pence , having previously held 250,000 Ordinary Shares. Following the warrant exercise and share sale Charlene Hill is now interested in 270,000 Ordinary Shares , which represents approximately 0.21% of the issued share capital of the Company . The New Ordinary Shares have been admitted to listing on the Equity Shares (Transition) category of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities under the Company's block listing. Charlene Hill's interests in the Company were acquired through her participation in the fundraising undertaken by the Company in March 2022 in conjunction with its acquisition of the entire issued share capital of LeakBot Limited by way of a reverse takeover. At that time Charlene Hill was not a person closely associated ("PCA") with Craig Foster for UK MAR purposes. Following their marriage in August 2023, Charlene Hill has been a PCA with Craig Foster and accordingly, her interests should have been incorporated with and reflected when reporting the interests of Craig Foster, but this disclosure was not made in error. Craig Foster's interests in the Company as at 1 August 2023 were as set out below: Shareholding at August 2023 % of issued share capital Number of warrants Number of share options Craig Foster 1,779,567 2.23% 889,783 2,320,000 Charlene Hill 250,000 0.32% 125,000 - Total 2,029,567 2.55% 1,014,783 2,320,000 Following the share sale and exercise of warrants described above , as at 11 March 2025, Craig Foster's beneficial interests in the Company are now: Shareholding (1) % of issued share capital Number of warrants Number of share options Craig Foster 2,448,844 1.90% - 3,920,000 (1) 270,000 Ordinary Shares are held by Craig Foster's wife Enquiries Ondo InsurTech Plc Craig Foster, CEO Kevin Withington, CFO +44 (0) 800 783 9866 Dowgate Capital Ltd (Broker & Financial Advisor) Russell Cook Nick Chambers Charlie Hall +44 (0) 20 3903 7715 Cassiopeia Services Ltd (PR & Investor Relations) Stefania Barbaglio +44 (0) 7949 690338 The information set out below is provided in accordance with the requirements of Article 19 of the Market Abuse Regulations. 1. Details of PDMR / person closely associated with them ("PCA") . a) Name Charlene Hill 2 Reason for notification a) Position/Status PCA - spouse of Craig Foster, Chief Executive and PDMR b) Initial Notification / amendment Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ondo InsurTech Plc b) LEI 2138005Y5QBJQMOOI719 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial Ordinary shares of 5 pence each instrument, type of instrument Identification code ISIN: GB00BNVVGD77 b) Nature of transaction Exercise of warrants for ordinary shares c) Price(s) and volume(s) Exercise of warrants over 125,000 Ordinary Shares at an exercise price of 25 pence per warrant d) Aggregated information n/a e) Date of transaction 7 March 2025 f) Place of transaction Outside of a trading venue 1. Details of PDMR / person closely associated with them ("PCA") . a) Name Charlene Hill 2 Reason for notification a) Position/Status PCA - spouse of Craig Foster, Chief Executive and PDMR b) Initial Notification / amendment Initial Notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ondo InsurTech Plc b) LEI 2138005Y5QBJQMOOI719 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial Ordinary shares of 5 pence each instrument, type of instrument Identification code ISIN: GB00BNVVGD77 b) Nature of transaction Sale of Ordinary Shares c) Price(s) and volume(s) Price Volumes 35.8p 105,000 d) Aggregated information n/a e) Date of transaction 7 March 2025 f) Place of transaction London Stock Exchange, Main Market (XLON)
View stock analysis, news, and events for Ondo Insur Tech Plc