Ondo InsurTech PLC Director/PDMR Shareholding
20 Dezember 2024 - 8:00AM
RNS Regulatory News
RNS Number : 8470Q
Ondo InsurTech PLC
20 December 2024
20 December 2024
Ondo InsurTech
plc
("Ondo"
or the "Company")
Grant of
Options
Ondo InsurTech plc (LSE: ONDO), a
leading company in claims prevention technology for home
insurers, the Company's Remuneration Committee has
approved the grant options over 2,045,372 ordinary shares of 5p
each in the Company ("Ordinary Shares") pursuant to the Company's
Enterprise Management Incentive Plan (the "EMI Options") and
options over a further 1,854,628 Ordinary Shares as Unapproved
Share Options ("Unapproved Options").
The EMI Options and the Unapproved Options
(together the "Options") are exercisable at a price of 36.5p, being
the average closing share price over the 10 business days to 19
December 2024 and will vest across the 48 months from the date of
grant. Once vested the Options may be exercised at any time
before the fifth anniversary of the date of the award.
The Options comprise:
1. The award of 855,372 EMI
Options and 1,604,628 Unapproved Options to the following directors
of the Company:
|
Name
|
Position
|
Number of Ordinary Shares over which
Options granted
|
Total number of Ordinary Shares over
which Options held following grant
|
Total number of Ordinary Shares
held
|
Percentage of Current Issued Share
Capital held
|
|
Craig Foster
|
Chief Executive Officer
|
1,600,000
|
3,919,999
|
1,990,986
|
1.7%
|
|
Kevin Withington
|
Chief Financial Officer
|
600,000
|
1,289,071
|
294,480
|
0.3%
|
|
Mark Wood
|
Chairman
|
260,000
|
260,000
|
2,155,152
|
1.9%
|
2. EMI Options over 1,190,000
Ordinary Shares granted to other employees of the Company on the
same terms as those awarded to the Directors.
3. Unapproved Options of
250,000 Ordinary Shares granted to certain other employees that do
not qualify under the EMI plan, also on the same terms as the
Directors.
Following the grant of Options, the total
number of Options outstanding over unissued Ordinary Shares is
10,441,618 representing approximately 8.62% of the Company's issued
share capital.
Enquiries
For further information, please
visit www.ondoplc.com
or contact the following:
|
Ondo InsurTech Plc
|
Craig Foster, CEO
Kevin Withington, CFO
|
+44 (0)
800 783 9866
|
|
Dowgate Capital Limited
(Broker & Financial
Advisor)
|
Russell Cook
Nicholas Chambers
Charlie Hall
|
+44 (0) 20
3903 7715
|
|
Cassiopeia Services
Limited
(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 the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Craig Foster
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Executive Officer 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 instrument, type
of instrument
Identification code
|
Ordinary shares of 5 pence each
ISIN: GB00BNVVGD77
|
|
b)
|
Nature of the transaction
|
Grant of options under EMI plan
share and further non-approved share options
|
|
c)
|
Price(s) and volume(s)
|
Exercise price: 36.5p
|
EMI
Options
|
Unapproved
Options
|
|
136,986
|
1,463,014
|
|
|
d)
|
Aggregated information
|
n/a
|
|
e)
|
Date of the transaction
|
20 December 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Kevin Withington
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Financial Officer 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 instrument, type
of instrument
Identification code
|
Ordinary shares of 5 pence each
ISIN: GB00BNVVGD77
|
|
b)
|
Nature of the transaction
|
Grant of options under EMI plan
share and further non-approved share options
|
|
c)
|
Price(s) and volume(s)
|
Exercise price: 36.5p
|
EMI
Options
|
Unapproved
Options
|
|
458,386
|
141,614
|
|
|
d)
|
Aggregated information
|
n/a
|
|
e)
|
Date of the transaction
|
20 December 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Mark Wood
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chairman 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 instrument, type
of instrument
Identification code
|
Ordinary shares of 5 pence each
ISIN: GB00BNVVGD77
|
|
b)
|
Nature of the transaction
|
Grant of options under EMI plan
share
|
|
c)
|
Price(s) and volume(s)
|
Exercise price: 36.5p
260,000
|
|
d)
|
Aggregated information
|
n/a
|
|
e)
|
Date of the transaction
|
20 December 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
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