Business
Result of General Meeting and Issue of Equity
Ondo InsurTech Plc announced that all resolutions were passed at its General Meeting, enabling the company to complete a fundraising and capital reorganisation. The company will allot 96,710,000 New Ordinary Shares to raise £2.9 million in gross proceeds and is also issuing £2.0 million in unsecured Convertible Loan Notes. Following the capital reorganisation, each existing ordinary share will be subdivided into one new ordinary share and one new deferred share. Admission of the new shares to the London Stock Exchange is expected on 10 July 2026, at which point the company's total voting rights will be 246,524,760. Disclaimer*
About this update from Ondo Insur Tech Plc
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE. THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 4:05 pm on 22 June 2026. 9 July 2026 Ondo InsurTech Plc ("Ondo" or the "Company") Result of General Meeting, Issue of Equity, Capital Reorganisation and Total Voting Rights Ondo InsurTech Plc (LSE: ONDO), a leading provider of claims prevention technology for home insurers, is pleased to announce that at the General Meeting ("GM") held earlier today, all resolutions, as set out in the GM notice published on 24 June 2026, were duly passed on a poll. Resolutions 1-3 were passed as ordinary resolutions and resolutions 4-6 were passed as special resolutions. The results of the poll were as follows: FOR AGAINST FOR % AGAINST % ABSTAIN Ordinary Resolution 1 44,732,527 205,087 99.54 0.46 69,649 Ordinary Resolution 2 44,738,651 198,963 99.56 0.44 69,649 Ordinary Resolution 3 44,740,151 197,463 99.56 0.44 69,649 Special Resolution 4 44,729,887 205,087 99.54 0.46 72,289 Special Resolution 5 44,731,387 203,587 99.55 0.45 72,289 Special Resolution 6 44,729,887 205,087 99.54 0.46 72,289 Completion of Fundraising and Capital Reorganisation As a result of the resolutions being passed, the Company will allot 96,710,000 New Ordinary Shares comprising 87,039,000 Placing Shares and 9,671,000 Retail Offer Shares, subject to Admission, to raise gross proceeds of £2.9 million. The Company is also today issuing unsecured Convertible Loan Notes totalling £2.0 million. As set out in the Circular and following the passing of the Resolutions, the Capital Reorganisation will now take effect to facilitate the issuance and Admission of the New Ordinary Shares pursuant to the Fundraising. Under the Capital Reorganisation, each Existing Ordinary Share of 5 pence nominal value will be subdivided and reclassified into one New Ordinary Share of 1 pence each and one new Deferred Share of 4 pence each...
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