Update to Placing and Admission

Ondo InsurTech PLC

05 December 2025

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND FOR INFORMATION PURPOSES ONLY AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION, DISTRIBUTION, OFFER OR SALE WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY UK MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

5 December 2025

Ondo InsurTech plc

("Ondo" or the "Company")

Update to Placing and Admission

Ondo InsurTech plc (LSE: ONDO), a leading company in claims prevention technology for home insurers, is pleased to provide the following update to the Placing and Subscription, further to the Company's announcement on 3 December 2025 ("Launch Announcement") and Result of Placing & Subscription announcement on 4 December 2025. Definitions used in this announcement have the same meaning as given in the Launch Announcement.

The Company has received additional interest to participate in the Placing, with additional participation from certain directors of the Company, and as such has increased the size of the Placing to accommodate this interest. Following this, the Company therefore is pleased to have raised £2.30 million (before fees and expenses), in aggregate, via the placing of 6,180,000 Placing Shares to certain Institutional and other investors and a further 3,031,200 Subscription Shares by way of the Subscription.

Directors' participation

Certain Directors of the Company have undertaken to subscribe to the Placing as follows:

Name	Current shareholding	Total Number of Placing Shares	Share-holding upon Admission	% holding upon Admission
Mark Wood	2,334,652	200,000	2,534,652	1.69%
Craig Foster	2,458,252	40,000	2,498,252	1.67%
Kevin Withington	306,324	40,000	346,324	0.23%
James Quin	-	80,000	80,000	0.05%
Greig Paterson	-	80,000	80,000	0.05%

For the avoidance of doubt, these director subscriptions are not in addition to those announced in the Result of Placing & Subscription announcement on 4 December 2025.

Application for Admission

Applications have been made for the Placing Shares and Subscription Shares to be admitted to listing in the 'Equity shares (transition)' listing category of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the main market for listed securities of London Stock Exchange plc (the "London Stock Exchange").

It is now expected that admission of the Placing Shares and the Subscription Shares ("First Admission") will become effective and dealings will commence at 8.00 a.m. on 10 December 2025.

As announced previously, it is expected that admission of the WRAP Retail Offer Shares will become effective and dealings will commence at 8.00 a.m. on 11 December 2025.

The Placing is conditional upon, among other things, First Admission becoming effective and the Placing Agreement not being terminated in accordance with its terms.

The New Ordinary Shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the Company's then Existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid on or in respect of such shares after the date of issue.

Enquiries

Ondo InsurTech Plc	Craig Foster, CEO Kevin Withington, CFO	[phone]
Dowgate Capital Ltd (Sole Bookrunner, Broker & Financial Advisor)	Russell Cook Dan Ingram Amber Higgs	[phone]
Cassiopeia Services Ltd (PR & Investor Relations)	Stefania Barbaglio	[phone]

 

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