RNS Number : 9972R
Ondo InsurTech PLC
11 June 2024
 

11 June 2024

Ondo Insurtech Plc

("Ondo" or the "Company")

 

Director share dealing

 

Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology for home insurers, announces that Craig Foster, the Company CEO, has transferred 828,307 Ondo ordinary shares of 5p each ("Ordinary Shares") from his personal holding into his Self Invested Pension Plan (SIPP) and into a Personal Individual Savings Account (ISA).

 

Mr Foster sold 689,444 Ordinary Shares from his personal holding which were then repurchased by his SIPP and a further 138,863 Ordinary Shares through a "Bed and ISA" transaction sold from his personal holding, repurchased by his personal ISA.

 

All transactions were undertaken at a price of 14.25p per Ordinary Share.

 

As part of these transactions Mr Foster has also sold 4,340 Ordinary Shares at 14.25p to meet stamp duty and dealing charges.

 

Following his subscription for 164,285 Ordinary Shares in the recent share placing, and the transactions outlined above, Craig Foster now holds 1,939,512 Ordinary Shares representing 1.67 per cent of the Company's issued share capital.

 

 

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

Craig Foster

2

Reason for notification


a)

Position/Status

Chief Executive Officer

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



and identification code

ISIN: GB00BNVVGD77

b)

Nature of transaction

1.   Sale of Ordinary Shares from personal holding

2.   Purchase of Ordinary Shares by SIPP

c)

Price(s) and volume(s)

Price(s)                           Volume(s)

 

1.  14.25p                        1.   692,990

2.  14.25p                        2.   689,444

 

d)

Aggregated information

n/a

e)

Date of transaction

7 June 2024

f)

Place of transaction

London Stock Exchange, Main Market (XLON)

 

 

 

1.

Details of PDMR / person closely associated with them ("PCA").

a)

Name

Craig Foster

2

Reason for notification


a)

Position/Status

Chief Executive Officer

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



and identification code

ISIN: GB00BNVVGD77

b)

Nature of transaction

1.   Sale of Ordinary Shares from personal holding

2.   Purchase by ISA

c)

Price(s) and volume(s)

Price(s)                           Volume(s)

 

3.  14.25p                        1.   139,657

4.  14.25p                        2.   138,863

 

d)

Aggregated information

n/a

e)

Date of transaction

7 June 2024

f)

Place of transaction

London Stock Exchange, Main Market (XLON)

 

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