Business
Result of Retail Offer
Ondo InsurTech plc announced that its Retail Offer has conditionally raised approximately £0.29 million and was oversubscribed, leading to the issuance of 9,671,000 shares subject to shareholder approval. This brings the total gross proceeds from the Placing and Retail Offer to approximately £2.9 million. A total of 96,710,000 New Ordinary Shares will be issued, ranking pari passu with existing shares, with admission to trading on the Main Market expected on July 10, 2026. Disclaimer*
About this update from Ondo Insur Tech Plc
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN ONDO INSURTECH PLC. 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. 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. 29 June 2026 Ondo InsurTech plc ("Ondo", the "Group" or the "Company") Result of Retail Offer Ondo InsurTech plc confirms that, further to the announcement made by the Company on 23 June 2026, the Retail Offer has conditionally raised approximately £0.29 million with the Retail Offer being oversubscribed. Pursuant to the Retail Offer, the Company will issue a total of 9,671,000 shares, subject to the passing of the Resolutions at the General Meeting of the Company on 9 July 2026. Accordingly, the Company has conditionally raised total gross proceeds of approximately £2.9 million in aggregate by way of the Placing and the Retail Offer. In order to satisfy demand under the Retail Offer, 9,671,000 Placing Shares will be clawed back from participants in the Clawback Placing. As a result, Placees who participated in the Clawback Placing will not receive any shares that were subject to clawback. 87,039,000 Placing Shares will be issued as a result of the Placing. In total, 96,710,000 New Ordinary Shares will be issued pursuant to the...
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