Ondo InsurTech PLC Director/PDMR Shareholding

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	[phone]
Dowgate Capital Ltd (Broker & Financial Advisor)	Russell Cook Nick Chambers Charlie Hall	[phone]
Cassiopeia Services Ltd (PR & Investor Relations)	Stefania Barbaglio	[phone]

 

 

 

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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END

 

 

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