Ondo InsurTech PLC Director/PDMR Shareholding (2887J)

TIDMONDO

RNS Number : 2887J

Ondo InsurTech PLC

15 August 2023

Ondo InsurTech Plc

(" Ondo " or "the Company")

Directors / PDMR Dealing

Ondo InsurTech Plc (LON: ONDO), the InsurTech company which aims to be the leading provider of claims prevention technology for home insurers, announces that it has been notified that on 14 August 2023, Andy Morrison, Non-Executive Director of the Company, sold 600,000 ordinary shares in the Company ("Ordinary Shares") to incoming investors at a price of 30.00 pence per Ordinary Share.

Following this transaction Mr. Morrison is now interested in 3,000,000 Ordinary Shares, representing approximately 3.8 per cent of Ondo's issued ordinary share capital. At the date of admission of Ondo in March 2022, he was interested in 2,970,971 Ordinary Shares.

Commenting on the sales, Andy Morrison said, "The shares sold today correspond to those purchased by me since admission of Ondo; the proceeds are now required to fund part redemption of a mortgage. I remain committed to the Company and to my remaining holdings."

The notification below, which is made in accordance with the Market Abuse Regulation, provides further details.

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of the Market Abuse Regulation.

Enquiries

   For further information, please visit www.ondoplc.com   or contact the following: 
 
 Ondo InsurTech Plc            Craig Foster, CEO     +44 (0) 800 783 9866 
 SI Capital Ltd                Nick Emerson          +44 (0) 1483 413500 
  (Company Broker)              Jon Levinson          +44 (0) 20 3143 0600 
 Cassiopeia Services 
  Ltd 
  (PR & Investor Relations)    Stefania Barbaglio    +44 (0) 7949 690338 
 
 
a)  Name                       Andrew John Gowdy Morrison 
2   Reason for notification 
a)  Position/Status            Non-Executive Director 
b)  Initial Notification       Initial Notification 
     / amendment 
    Details of the issuer, emission allowance market participant, 
3    auction platform, auctioneer 
    or auction monitor 
a)  Name                       Ondo InsurTech Plc 
b)  LEI                        2138005Y5QBJQMOOI719 
    Details of the transaction(s): section to be repeated 
4    for (i) each type of instrument; (ii) each 
    type of transaction; (iii) each date; and (iv) each 
     place where transactions have been 
    conducted 
    Description of the 
a)   financial                 Ordinary shares of 5 pence each 
    instrument, type 
     of instrument 
    and identification         ISIN: GB00BNVVGD77 
     code 
b)  Nature of transaction      Sale of ordinary shares 
c)  Price(s) and volume(s)         Price(s) Volume(s) 
                                           30 pence 600,000 
 
d)  Aggregated information     n/a 
e)  Date of transaction        14 August 2023 
f)  Place of transaction       London Stock Exchange, Main Market 
                                (XLON)

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END

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